Robex identifies new structure
A 48-ft thick structure at a depth of 222 ft has been identified by Robex Resources of Montreal on its Soma property in Duverny Twp. in Abitibi in northwestern Quebec. The new weathering zone was iden…
News
New Canadian company from Yuba Natural Res.
San Diego-based Yuba Natural Resources says its board has approved the formation of a new Canadian company called Yuba American Gold. Yuba is involved in gold dredging operations in alluvial gravels s…
Muscocho gets good results
A length of 511 ft of drifting on the main zone at the Magnacon joint-venture project has averaged 0.425 oz gold per ton over 6.8 ft, the president of Muscocho Explorations, J. T. Flanagan, reports. M…
Muscocho/Tashota start field work
Field work is now well underway on the 1,647-claim joint venture program in the Baie Verte area, Newfoundland, in which Muscocho Explorations (25%) and Tashota- Nipigon Mines (25%) are participating w…
Goldhunter expects Gunner to drill soon
A diamond drill program is expected to start shorty on Goldhunter Explorations’ Federal- Kirkland gold property near Kirkland Lake, Ont. Funded by Gunnar Gold, which has the right to earn an interest …
Energy to drill in Timmins area
A program of line-cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…
Editorial The Biggest Bang for our Bucks
Are you a bright, experienced professional mine engineer who gets a thrill out of making new things go? Well, the mining industry is looking for ways to implement innovative products or machines tha…
Second phase is planned on Beaufield Resources project
Based on encouraging exploration results, Falconbridge Ltd. is proposing a second phase of exploration for the Lac Barry project, held under option by Beaufield Resources. Located 140 km northeast of …
Debt reduction key element in plan
Debt reduction will be a key element in Cominco’s 1987 business plan, according to Robert E. Hallbauer, president and chief executive officer. At the annual meeting, he announced plans to “reduce exis…
Orcana negotiating on gold property
Toronto-based Orcana Resources is negotiating an agreement on a gold property in northern Ontario known to have intercepts of commercial gold values over modest widths, shareholders of the company wer…
Multinational gets $1m. from Japan
A large Japanese trading house will provide $1 million for exploration and development of Multinational Resources’ Toodoggone gold property in northwestern B.C. Two Canadian subsidiaries of Nissho Iwa…
Merger proposed for 2 companies
The directors of Golden Rule Resources and Goldsil Resources are recommending to their shareholders that the two companies merge. The amalgamated company will issue each shareholder of Golden Rule 1.5…