Coniagas Mines
The Coniagas Mines has purchased six claims from Hillsborough Exploration located in Pifher Twp., near Beardmore, Ont. The deal is subject to approval of Hillsborough shareholders. In a related transa…
1986
Back above $400 Gold’s glint catches public’s eye
The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…
Record output for Galactic
Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …
Viceroy drills again on California heap leach gold bet
Viceroy Resource Corp. says drilling has resumed on the Castle Mountain open pit heap leach gold project southwest of Las Vegas, Nev. Viceroy says the first complete hole drilled to test the western e…
Obituary Leslie Hermiston
Leslie (Les) Hermiston, a prospector who like many others cut his teeth on silver during the heyday of Ontario’s Cobalt camp, has died at the age of 85. Mr Hermiston, a native of Cobalt, died at the h…
Newmont/G. Briar share drilling costs
Costs of a diamond drilling program near common boundaries between claims held by Newmont Exploration of Canada and Golden Briar Mines will be shared equally, the latter company says. The properties, …
Pancana profit slips
Pancana Minerals reports net earnings of $1,146,000, (24 cents a share after allowing for preferred share dividends) in the 6-month period ended June 30, compared with earnings of $2,008,000 or 50 cen…
Decline gets green light at Newhawk B.C. bet
Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…
Gold ’86 shaping up as a major international event
More than 1,000 people are expected to attend Gold ’86; an international symposium on the geology of gold deposits taking place in Toronto from Sept 28- Oct 1. Symposium Chairman Eric Craigie says mor…
Sparton seeks funds
A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…
Radisson drilling Douay property
Diamond drilling has started on the Douay Twp., Que., property held by Radisson Resources. Located near Joutel, the property is being tested by 5,000-ft program designed to define the dimensions of a …
Getty gold exploration has $4-million backing
Getty Resources has filed a preliminary prospectus for a public offering of common shares and purchase warrants. The company’s president and chief executive officer, Richard C. Atkinson, claims it’s e…