Editorial: Geologists are too tough
A totally unsubstantiated report, just now surfacing, has it that several years ago in the jungles of Java, two geologists lowered into an old mine to check it out were eaten by a 40-ft python lurking…
1986
The first six months of 1986 were disappointing for Colonial Oil
Oil and gas production revenues were down 49% to $3.5 million, natural gas production was down 42% to 1.1 billion cu ft and crude oil production was off to 25,000 bbl compared with 31,000 bbl for the …
A working option has been obtained by Dawson Eldorado Mines to
of the Caribou mineral lease in its Keno project in the Mayo mining district of the Yukon Territory. The company has the right to mine a 5-ft-wide vein that was discovered during this summer’s explora…
Florida Canyon starts up first of three for Pegasus
With the startup of the Florida Canyon mine, the first of three new mines planned within the next several months, Pegasus Gold is well on its way to meeting its scheduled annual production rate of 270…
Calgary-based Canu Resources and Ican Resources of Vancouver have
an amalgamation into a new company operating under the name Ican Minerals. The purpose of the merger is to consolidate the two companies’ interests in the Blue Dog and Almaden mine properties in Idaho…
Zenmac Zinc makes bid for shares of Vestgron
One asset the international consortium headed by Teck Corp. may not b e inheriting when it closes its deal later this month with Canadian Pacific to purchase 31% of Cominco Ltd. is the latter’s 62.5% …
Montreal Exchange : New-look Massval rises
Wednesday close, Oct 8 A deal to buy into a promising high-grade gold deposit pushed Massval Resources to 45 cents , its highest level in five years, as it traded a hefty 1,399,000 shares before closi…
Over the Counter Trading Features (October 13, 1986)
Several issues were stronger this week, reflecting improvements in precious metal prices. On the platinum front, Boston Bay Mines, which controls the Lac des Iles platinum/palladium deposit north of T…
New high-grade zone drilled next to 3-million ton orebody
The Northwest Territories’ premier gold producer, Echo Bay Mines, has intersected some high grade gold values on the Cass zone near Indin Lake. Although results from some 27 holes put down on the zone…
Effective Sept 30, the name of Dominion Securities Pitfield Ltd.
changed to Dominion Securities Inc. A new holding company, Dominion Securities Ltd., has been formed to hold 100% of the outstanding shares of the member, Dominion Securities Inc.
Terra signs deal on Mexican play
An agreement has been signed between Edmonton-based Terra Mines and a Mexican mining company called Industrias Penoles, S.A. de C.V. providing for joint exploration and development of a group of gold …
Editorial: New kid on the Hong Kong block
The recent opening of the spanking new Stock Exchange of Hong Kong, with a dramatic linkup to the London Stock Exchange, further accents the changes being wrought by space-age technology in the financ…