1986

Gold prices tumbled more than 12% from an October high of $442(US) p er oz slipping below the psychologically important $400- level for the first time since August, but the afternoon London price fix …

Westley Mines has acquired a 100% interest in 299 claims in southeastern Manitoba through a lease agreement with Almadem Resources. Westley’s interest is subject to a net smelter return royalty of up …

Canacord Resources, First Mineral Exploration Partnership and Second Canacord Mineral Exploration Partnership have jointly filed a preliminary prospectus for the offering of units. McCarthy Securities…

Intensive geochemical work and some deep drilling is planned by Noranda Exploration on the Hedley, B.C., gold property it holds under option from Banbury Gold Mines. Noranda recently completed a relat…

A decision has been made to build a 350-ton-per-day mill at the Bell Creek gold property near Timmins, Ont. Operated by Canamax Resources and partner Consolidated CSA Minerals, the new mine is expecte…

In an effort to determine the real causes of mining’s current malais e both here and in the U.S., the Colorado School of Mines is mounting a 3-day conference early next year which will deal with the i…

There is one court in Canada higher than the Ontario Court of Appe al to which the decision of Lac Minerals’ appeal might be taken — the Supreme Court of Canada. Appeal to the highest court in the …

claims and its 210-claim group near Schreiber, Ont. The Denton property, located 24 miles west of Timmins, will see a minimum 2,000-ft drilling program commence next week. On the Schreiber claims, two…

A combination of strong gold prices and increased production have en abled Northgate Exploration to realize healthy earnings for the first nine months of 1986. For the period, the company earned $2.3 …

An initial drilling program completed by partners Glen Auden Resourc es and Adola Mining Corp., has yielded encouraging gold values from their Kirkland Lake area property. Located in Maisonville Twp.,…

Seadrift International Exploration says it has agreement under which it can earn a 45% interest in a Sturgeon Lake, Ont., property by financing exploration of $1,500,000 over three years. The company …

Cominco recently completed approximately 6,000 ft of drilling on its Telgar property which falls under an option agreement with Vanstates Resources. Located in Ontario’s Harker- Holloway region, the a…