Almaden options Steep Rock bet
Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…
1986
Editorial Metals take a back seat
From the point of view of the mining industry, there was only one thing that marred the epic flight of the Voyager superlight aircraft around the world. The aircraft itself, which has become the first…
First gold production from Grandview’s Carson Hill mine
The first gold pour has taken place at Grandview Resources’ Carson Hill project, 120 miles east of San Francisco, Calif. The dore bar contained 254 oz gold, says the company. Grandview forecasts 1987 …
Hudson Bay to redeem debentures
Hudson Bay Mining and Smelting plans to redeem its 9% debentures mat uring on June 15, 1991, and its 10.5% sinking fund debentures maturing on Dec 15, 1995. The redemptions will be made at 101% of the…
COATS Trading Features (December 29, 1986)
The share price of Comstock Keno Mines, a long inactive company, con tinued to trade in the 37 cents -40 cents range. The company is being reactivated by a financicl company which has plans to seek a…
Timmins tailings plan gets OK
Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…
Manridge financing
Manridge Explorations says it has completed a private placement to r aise a total of $175,000 which it will use to acquire new resource properties, as well as do further work on its silver property in…
Correction (December 29, 1986)
In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…
Golden Caribou relinquishes Holman option
Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…
People (December 29, 1986)
SKYLINE EXPLORATIONS — Norman Anderson appointed to the board of directors.
Terramar progresses at Calif. gold mine
The dewatering phase of the exploration program at the Reid mine pro ject near Redding, Calif., is well advanced, reports Terramar Resource Corp. President Louis P. Starck. So far, some 220 ft of the …
Toronto Stock Exchange Investors take breather on quiet holiday
With investors taking a breather over the holiday period, the market ends this short Christmas week on a quiet note. At noon the widely followed composite 300 was off 1.91 pts to 3,042.66, but that’s …