Oracle to drill at Opapimiskan and Agutua Arm
Oracle Resources has signed an agreement with First Exploration Fund 1986 for issuance of 166,667 flow-through common shares at $3 per share. The offering is underwritten by Merrill Lynch Canada and D…
News
Placer/Claude project Underground decision expected at Seabee
After completing more than 60 drill holes on the Seabee property, h eld under option from Claude Resources, Placer Development is embarking on a period of review and assessment. Project geologists wil…
Letters to the Editor Government wants moneyr
Two sentences in your recent editorial on a clear energy policy vivi dly spell out the problem with governments: “To us, the ideal would be to let the market dictate all pricing structures,” and “What…
Flanagan cuts gold values on Chibougamau property
Drilling on Flanagan McAdam Resources’ Gwillim Lake property in the Chibougamau area of northwestern Quebec has intersected significant gold values, the company says. The latest hole, No 86-4, returne…
Agreement could lead to renewed production at Beardmore by 1987
Gold production at an estimated rate of 15,000 oz a year could begin as early as next year in the Geraldton-Beardmore area of northern Ontario. A private company, Norben Gold Resources of Peterborough…
Beaufield options Falconbridge bet
A joint venture agreement has been signed between Falconbridge Ltd. and Beaufield Resources which gives the latter company the right to earn a 25% stake in 897 claims owned by Falconbridge. Located 30…
Golden Giant mine exceeds expectations
The Golden Giant gold mine in Ontario’s Hemlo gold camp continues to produce at levels exceeding predictions, reports Golden Sceptre Resources . The first mine in the famed camp to produce gold, pour…
Bresea/Ayrex plan drilling
Drilling is scheduled to start this month by operator Bresea Resourc es and 50/50 joint venture partner Ayrex Resources on their 324-claim Casa Berardi property. Located in Desmazures and Cavalier twp…
Lacana expects to double gold production by ’89
During the next two to three years Lacana Mining Corp. hopes to more than double gold production from the current 60,000 oz per year to more than 120,000 oz per year, Dr William H. Gross, chairman and…
Encouraging results from Goldstack/Sullivan bet
A new zone is shaping up in the central part of the Goldstack Resour ces’ Dubuisson Twp. property, reports President Herve Drolet. Located about seven miles west of Val d’Or Que., the property contain…
Pioneer reactivating an Idaho gold mine
Almost everybody wants higher gold prices, but to profit from them you need a producing mine — or at least one that is ready to start up. The Stibnite mine 93 miles northeast of here fits into the la…
U.S. may produceh 3m. oz gold in ’86
U.S. gold production may approach the 3-million-oz mark in 1986, according to a study from the Metals Economics Group of Boulder, Colo. Production in 1985 is estimated at 2.1 million oz, with average …