1986

Letters to the Editor: Reader favors OGS relocation

This is in reply to the guest editorial by Dr E. G. Pye, former director of the Ontario Geological Survey, entitled It’s a bad move to relocate the OGS, Sept 8. Before speculating as to whether the OG…


Goldhunter

A second phase of exploration is being planned by Goldhunter Explorations at the company’s Federal Kirkland property, near Kirkland Lake, Ont. Financing for the program will be by way of a flow- throu…


Goldcorp value (October 06, 1986)

The net asset value of Goldcorp Investments as calculated at the close of business of Sept 18 amounted to $10.68 per class A share. The closing market price of the share on The Toronto Stock Exchange …


Malartic signs deal

Malartic Hygrade Gold Mines has signed a $610,000 exploration agreement with Exploration Oz and Exploration Omega regarding its recently-acquired Panache property in the Abitibi greenstone belt area o…


Ministry move to Sudbury more than three years away

It would be a minimum of three years before Ontario’s ministry of northern development and mines could complete its planned move of a major part of the ministry to Sudbury, according to the ministry’s…


Imperial Metals an enigma

Companies (like people) are often misunderstood, which is why Imperial Metals describes itself as “somewhat of an enigma” in the junior resource sector. But addressing the annual meeting, President Pi…


Ottawa top uranium producer

Canada continues as the world’s leading producer and exporter of uranium, according to results of the annual assessment of the country’s uranium supply released recently by Marcel Masse, minister of e…


Exall Resources

company’s six directors this week in Toronto. In the 3-month period ended July 31, the company, which is controlled by Denison Mines and Roman Corp., both of Toronto reported a net loss of $38,233 or …


Giant Bay president vows to promote bioleaching

Under newly-appointed president and director Claus Jensen, Giant Bay Resources has started a campaign to, in Mr. Jensen’s words, “promote bioleaching like hell.” Mr Jensen appeared before a group of a…


Ottawa may scrap flow-through shares

Members of Quebec’s mining community are biting their nails over the uncertain future of flow-through share financing for mineral exploration. Next spring, the popular tax shelter may be scrapped at t…


Ayrex, Bresea seek financing for $2m. program

Ayrex Resources reports the first phase of a 1986/87 winter program has started on its property in Desmazures and Cavalier twps., in the Casa Berardi gold camp, about 20 miles northeast of Joutel, Que…


Queries Young-Shannon inactive

I still have 10,000 shares of Young-Shannon Gold Mines held at Hector Chisholm & Co. What chance have they of doing something to get going again? H. A.Kidd, Willowdale, Ont. The chances don’t look ver…


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