1987


EDITORIAL Spotting the flaws in gold

The fact that a dentist a few years ago discovered tungsten illegally included in some gold he was using for tooth repair, has led (indirectly) to a new Canadian-built ultrasonic system for detecting …


Porgera reserves upped by Placer

Underground drilling at the big Porgera gold deposit in Papua New Guinea has resulted in a reserve increase. Placer Dome Inc., reports that close-spaced drilling from an adit has enabled the project p…


Canada Tungsten options X-Cal bets

Canada Tungsten Mining Corp. has optioned two properties from X-Cal Resources in B.C. On the Tyax property, Canada Tungsten can earn 50% of X-Cal’s interest by spending $1 million over a 3-year period…


Canamax cuts high grade at Ketza River project

Several rich intersections have been pulled by Canamax Resources from the Break zone on the Ketza River gold property in B.C. Pacific Trans-Ocean Resources shares the property equally with Canamax. Ho…



EDITORIAL Can we learn from Black Monday?

What really happened on Oct 19? What caused the sharpest stock market decline in history and could it happen again? How much insider trading occurred? Who gained, who lost? Should we even care conside…


Silvera, Placer Dome enter joint venture

A joint-venture agreement involving the Wapiyao Lake and Bing Lake properties in the La Ronge gold belt of northern Saskatchewan has been entered into by Silvera Resources and Placer Dome. The agreeme…



Barrick’s earnings up more than 50%

American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …


Green Diamond gets Destor claims

Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…


Encouraging results by Gunnar, Mill City

Results continue to be encouraging from the 11,000-ft drilling program of Gunnar Gold and Mill City Gold on their joint venture Tyranite gold mine property near Gowganda in northern Ontario, the compa…


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