News

Shares of Western Goldfields Inc., which has a 31.72% interest in a heap leach gold mine near Reno, Nev., are now listed on the Toronto Stock Exchange. The first gold pour at the Nevada mine, called t…

Several properties have been acquired by Glen Auden Resources. In the Swayze area, southwest of Timmins, Ont., the company has acquired a 100% interest in 77 claims. Located in Swayze and Denyes twps….

A financing agreement has been negotiated which will raise a maximum of $800,000 for Beaufield Resources. Beaufield plans to issue 516,129 common shares at a price of $1.55 per share on a flow-through…

Sullivan Mines, and Cambior Inc. are solidifying the link between the two companies. They had previously announced (N.M., Aug. 8/86) that Sullivan- associated Courvan Mining would have an option to pu…

For the first time in the history of the event, Ontario plans to enter a team in the 1986 national mine rescue competition, scheduled for Sept 19-20 in Nanaimo, B.C. The competition will test the skil…

The government of British Columbia has agreed to purchase $55 milli on in Cominco preferred shares which will enable the company to replace its obsolete lead smelter at Trail, B.C. Cominco already has…

A dissident group of shareholders has served notice of a meeting in order to elect new directors to the board of Macdonald Mines, the company says. The dissident group represents 10% of the shareholde…

United Kingdom Energy reports line-cutting and field surveys have been completed on its McArthur Twp. property, located three townships south of Tisdale Twp. in northern Ontario. Anomalous areas have …

Initial results from a 25,000-ft first-phase drill program at Omni Resources’ Skukum Creek property south of Whitehorse have been impressive with both high grade gold and silver values reported. The p…

Drilling has resumed on the Uchi Lake properties held by Orofino Resources. Located in northwestern Ontario, the two properties are being tested by a 5,000-ft drilling program. On the Jackson-Manion p…

A preliminary exploration program is under way on the Black Twp., Ont., gold property controlled by Newjay Resources. The 268-claim property, near Kirkland Lake, is being surveyed by geophysical instr…

Wednesday close, August 27 Total volume of shares traded in Calgary this week was 5,547,800. Ontex Resources of Toronto, which this week saw courtroom opponent Metalore Resources file its counter-suit…