News



Net earnings up for Mentor Expl.

For the 6-month period ended June 30, Mentor Exploration and Develop ment realized net earnings of $1.26 million, or 36 cents a share. That’s a significant increase from the $479,055 or 13 cents a sh…




Borealis drilling on NWT property

Development drilling on 5-m spacings to establish mineable reserves has started on Borealis Exploration’s Fat Lake area property in the Keewatin District of the Northwest Territories. A small open pit…


Deep oil discovery unique for province

Home Oil Company reports what it describes as the first significant deep oil discovery ever made in Saskatchewan. It says the North Tableland 8-22 well was drilled in February this year to a total dep…


Sale to Western Goldfields doubles Orofino’s money

A tidy little deal for an interest in a new Nevada gold mine has all owed Orofino Resources to double its money in about a month. In early August Orofino bought a 10% interest in the Hog Ranch mine fo…


Dejour explores in New Brunswick and in Quebec

In an interim report Dejour Mines says exploration and deferred exploration expenses for the first six months of 1986 totalled $93,466. The expenses relate mostly to work on Dejour’s properties in Poi…



Exploration grants from B.C. government

A total of some $5 million in mineral exploration grants has been committed by the government of British Columbia to aid exploration companies. Close to 60 companies are involved in the program. There…


CLIFF TARGETS ALLUVIAL GOLD IN CALIFORNIA

Cliff Resources has been reactivated as a gold mining company specializing in exploration, development and production of alluvial gold deposits in North America. The company’s initial activities will …


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