Bankers to decide fate of Rio’s tin project
The fate of Rio Algom Ltd.’s East Kemptville tin project is now rest ing in the hands of its bankers with a decision on its future expected in one month’s time. Continuing low prices following the col…
1986
News in Brief (November 24, 1986)
Hardy International Developments has changed its name to Unisave Ene rgy Ltd. on a basis of 1 new for 3.5 old shares.
No recent developments have been reported which would account for (November 24, 1986)
sharp drop in the price of Oracle Resources’s common shares, the company says. Drilling is continuing on projects near Opapimiskan Lake, Ont., and Aguta Arm in the same area.
Killick pilot plant
A small pilot plant has been installed in the Adams Plateau area of B.C. on a property held by Killick Gold. The pilot plant is rated at 50 tons per day and will be the precursor of a 100-ton mill at …
Highland Crow says results are encouraging
Highland Crow Resources says it has encouraging results from explora tion on the Riopelle vein on its 100%-owned Pickle Crow property in northern Ontario. The company says surface trenching assayed 1….
United Gold to start drilling
A reverse circulation drilling program is expected to start shortly on the Alameda and Clio properties recently acquired by United Gold Corp. Located in the Mother Lode area of California, the two pro…
Campbell’s debt key to profits
A drastically reduced debt load is the key to Campbell Resources’ return to profitability, says President Richard Lister. For the fiscal year ended June 30, the company reported a net loss of $16 mill…
Cassiar loss
Cassiar Mining reported a 9-month loss of $2.5 million compared to a profit of $677,000 for the corresponding period in 1985. The company’s third quarter loss was $1.6 million compared to $1.2 million…
Hardy International Developments has changed its name to Unisave
Ltd. on a basis of 1 new for 3.5 old shares.
Profit and gold production increase posted by Barrick
Increased profit and record gold production highlight the 9-month report of American Barrick Resources Corp. For the nine months ended Sept 30, net income of $11.3 million was posted before extraordin…
High grade samples chipped by Lightning Minerals on Northwest
** gold property ** A 4,000-ft diamond drilling program is scheduled to start on the Lig htning Minerals gold property 50 miles northeast of Yellowknife, N.W.T. The drilling will follow up a positive…
Heads mining division of Westmin Resources
A mining engineer who joined the Calgary-based Westmin Resources organization as general manager in 1982 to oversee that company’s major expansion of its Myra Falls base metals-precious metals operati…