Abitibi drilling
A drilling program is under way on the Bourlamaque gold property held by Abitibi Resources. Located near Val d’Or, Que., the property was tested by a geophysical survey which identified several target…
News
Over the Counter Trading Features (November 03, 1986)
The highflyer on the COATS circuit this week was Consolidatd Grandview Inc., which soared to $2.88-$3.13. It opened at $1.40 and last week was less than 50 cents . At last report, the company was invo…
United acquires Mother Lode land
A large land position is being acquired by United Gold Corp. in the Mother Lode area of California. The first property, the Alameda, is located in Tuolumne Cty., adjoining the large Jamestown open pit…
News in Brief (November 03, 1986)
A takeover attempt for control of MacDonald Mines was narrowly thwarted by the current management at a recent shareholders’ meeting. The present board of directors received 1.75 million shares versus …
16 holes cut gold values on Cline’s Wawa-area property
Anomalous gold values were encountered with values ranging from 0.023 to 1.454 oz gold per ton in all of 16 holes drilled by Noranda Exploration on Cline Development’s Cline Lake property about 15 mil…
Vestgron shares not tendered to either two takeover bids
Trading in shares of Vestgron Mines resumed on Friday Oct 24 on the Toronto Stock Exchange after a week-long halt for disclosure that the major shareholder Cominco Ltd. has not tendered its Vestgron s…
Accord to get funds
Accord Resources is completing a $300,000 flow-through share offering. When completed, the funds will be used to finance an exploration program on the company’s claim group near Beardmore, Ont. The Ac…
Sherritt Gordon’s bottom line hurt by fertilizer division
A major reduction in earnings in fertilizer operations was the prime reason behind the 81% profit drop posted by Sherritt Gordon Mines at the recent 9-month mark. Net earnings of $1.688 million (7 cen…
Lucky Strike Resources reports assays from a grab sample covering
the hangingwall on its Lucky Jack claim on the Cambourne property have returned values of 20.81% lead, 0.15% zinc, 0.069 oz gold and 16.53 oz silver per ton. Assays from five 10-ft drill holes have re…
Goldhunter planning drill program
A 6,000-ft diamond drilling program is expected to start on the Federal Kirkland gold property controlled by Goldhunter Explorations. Located near Kirkland Lake, Ont., the seven claim property adjoins…
United Keno Hill Mines reports a loss of $1,594,00 or 53 cents per
the first nine months of 1986 compared to a loss of $1,516,00 of $1.67 per share for the same period in 1985. The company says it had an operating profit of $720,000 for the 9-month period ended Sept …
Three quarters of profit Noranda caps red ink flow
Keeping a tight lid on the red ink for the third straight quarter, Noranda Inc. has emerged with a profit of $52.9 million on revenues of $2.6 billion for the recent 9- month period and appears to be …