News in Brief (September 01, 1986)
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 …
News
High grade gold, silver at Omni Skukum property
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…
Orofina drilling at Jackson-Manion bet
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…
Newjay working
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…
Alberta Stock Exchange Alberta issues active Beardmore issues
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…
Mines Management posts Montanore PEA
Mines Management (mgt-t, mgn-x) has outlined an economic mine plan for its Montanore silver-copper project, but questions remain about getting the project permitted.The large underground project is in the Cabinet Mountains wilderness area of…
PEA is out on US Gold’s El Gallo silver project
Rob McEwen’s goal of having US Gold (UXG-T, UXG-N) included in the S&P 500 index within four years may seem like a tall order to some, but the industry veteran may just be able to pull it off.
Rio bids A$3.9B for Riversdale
Rio Tinto (rio-n, rio-l) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (riv-a), an Australian coal company with one mine in operation, one in construction, and one primed for development. Speculation of a takeover…
Troymin, Tricentrol enter agreement
An agreement has been reached between Alberta-listed Troymin Resources and Tricentrol Oils, both of Calgary, to purchase an approximate 9.5% working interest in a gold deposit in the Chibougamau area …
Vancouver Stock Exchange Gold holds on to its recent gains
Wednesday close, August 27 Prices on Vancouver have firmed somewhat which is not surprising given the fact gold has managed to hold onto some of its recent gains. The Vancouver market is heavily biase…
Queries Terramar still active at Reid mine project
Like many people, I purchased the shares of Terramar Resources after the terrific gold find in California. Your paper reported the very high assays and I would like to know the present standing of thi…
Madeleine
Madeleine Mines now has three diamond drills at work on its optioned Lac des Iles platinum-paladium project, and is looking for three more. Located 40 miles north of Thunder Bay in northwestern Ontari…