1987

Drill testing at Algo Resources’ Adams Lake plateau gold and silver prospect is expected to resume immediately. President Errol Hemingson said that under the phase 2 program, his company plans 4,000 f…

The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …

While growing tensions in the Persian Gulf propelled gold prices to $467(US) per oz, it was platinum which had investors racing to buy up shares of two Alberta issues. Trading on a volume of 952,900, …

Potash problems combined with lower uranium prices were responsible for a drop in Rio Algom’s net earnings for the first six months of 1987. Rio Algom reported unaudited consolidated net earnings of $…

There are unconfirmed reports that Noranda Exploration has made a significant gold discovery northwest of Prince George, B.C., near Fort St. James. The Northern Miner has received information that at …

Western Quebec Mines says that Oracle Exploration’s option to acquire a 45% interest in the Joubi property near Val d’Or, Que., has expired as a result of Oracle’s failure to provide the required fund…

Lytton Minerals says it has entered into two agreements, both of which are subject to the approval of all regulatory authorities. The first agreement is with Dolly Varden Minerals Inc., an associated …

Discovery of a new zone of gold mineralization has resulted from initial trench sampling on the Revenue Creek property in British Columbia, according to Nordac Mining Corp. and Rexford Minerals. The n…

The North American title for the largest gold reserve base goes to Newmont Gold Co. Newmont Gold, which is an affiliate of Newmont Mining Corp, controls properties hosting proven and probable reserves…

Exploration crews on Windflower Mining’s Goldfinch property in the Revelstoke division of British Columbia have discovered a new mineralized zone of quartz- carbonate vein and quartz stockwork along S…

Somebody is trying to throw a monkey wrench into Placer Development’s plans to merge with Dome Mines and Campbell Red Lake — and ironically it’s a former Placer executive. Out of the blue, Pamour Inc…

Alberta-listed Naneco Resources has recently entered into an agreement with underwriter Richardson Greenshields of Canada for the public distribution to a common share equity financing of up to $15 mi…