Hemisphere seeking an NWT interest
Hemisphere Development Corp. is looking to acquire an interest in ground adjoining the Getty- Noranda gold discovery in the Courageous Lake area of the Northwest Territories. The company says it has a…
News
Perrex planning big effort in Harker-Holloway area
Perrex Resources is planning a large exploration program in the Harker-Holloway area east of Matheson, Ont. The main thrust of the company’s efforts will be on a 191-claim property in Harker, Thackera…
Metal Prices Futures Prices N.Y. Mercantile Exchange (May 04, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) June 579.00 579.00 593.20 — July 610.00 583.00 594.20 — 3.40 Oct. 616.00 …
Aber encouraged at Russell Lake
Encouraging assay values have been received by Aber Resources from the company’s S.P. property near Russell Lake, N.W.T. Two holes in the main zone intersected multiple gold-bearing zones. Hole 36 cut…
Savanna drilling cuts sulphides, gold
In-fill drilling by Savanna Resources on the company’s Turner Albright massive sulpide deposit has cut wide sections of sulphide and gold mineralization. The property is located in Oregon. Hole 60 int…
Citadel results on Wawa drilling
A program of 87 surface and underground diamond drill holes totalling 25,117 ft has been completed by Citadel Gold Mines on its four Wawa, Ont. area properties. At the former producing Surluga gold mi…
Decline is completed at La Ronge Jolu bet
An underground decline has been completed at the Jolu property in the La Ronge area of Saskatchewan. Royex Gold Mining is operator for the joint venture which includes Canadian Premium Resource Corp. …
Information source on VSE companies
What must certainly represent the most comprehensive source of information on Vancouver Stock Exchange companies is now available from Mining Software Services (M.S.S.), of Delta, B.C. Titled the VSE-…
Malartic boasts healthy net income
Reporting a net income in 1986 of $1.9 million (54 cents per share) was Toronto-based Malartic Hygrade, with last year’s total up slightly from 1985. Cash flow from operations in 1986 increased approx…
Scintilore leaps into Hemlo fray
Warfare over the billion dollar Hemlo, Ont., gold discoveries is far from over. Another combatant has entered the fray. Scintilore Explorations, a Toronto Stock Exchange-listed junior exploration comp…
Precious metals surge would spur Agnico-Eagle
The surge in precious metals prices, if maintained, promises to have a profound effect on the earnings of Agnico-Eagle Mines, especially for its silver division which has been building up a strong and…
Getty options claims from Esso Minerals
Getty Resources has signed an option agreement with Esso Minerals giving Getty the right to earn a 51% interest in Esso’s property north of Timmins, Ont. Located in Tisdale Twp., the claims are immedi…