EXPLORATION ’87 QUEENSTON
In 1987 Queenston Gold Mines will be concentrating its efforts on suitable arrangements for expanded exploration of its principal Kirkland Lake area gold properties. Regarding the company’s wholly-own…
News
McChip seeks interest in Noranda Expl. bet
McChip Resources says it has a letter of agreement with Noranda Exploration which would give McChip the option to earn up to 50% of Noranda’s interest in a group of claims in Stock, German and Maklem …
News in Brief (March 02, 1987)
Hi-Peg Resources has changed its name to Elegance Business Corp. on a share-for-share basis.
Toronto Stock Exchange Blame Rio for slump, but look for solace in
Put the blame on Rio for this week’s whopping market slump. Bank shares, hammered all week in reaction to Brazil’s debt repayment problems, pulled the overall market into a nosedive. Not surprising, i…
Brent gets claims in Casa Berardi
A 25% interest in 236 claims has been acquired by Brent Resources. A 136-claim block is located in the Casa Berardi-Joutel area of Quebec. The remaining 100 claims are further north, in the Detour-Sel…
Duration, Thor sign agreement for exploration
A letter of agreement covering exploration of 48 claims in the Bamoos Lake area in northern Ontario has been signed by Duration Mines and Thor Lake Explorations. The property, located about 40 miles n…
Placer Gold largest contributor to Placer’s ’86 earnings
Reflecting the sale of a 21.4% interest in an Australian subsidiary, Placer Development reported net earnings of $70.3 million or $1.59 per share in 1986 compared to $35.3 million or 82 cents per shar…
Obituary J. Forbes McFarland Former Mining Commissioner dies
Always interested in natural resources and one who served with the Ontario government for 56 years in various senior mining posts — including 16 years as Mining Commissioner — J. Forbes McFarland di…
Buying coins? Check premium
Thinking of buying gold bullion coins? Then don’t forget to look at the premium you have to pay. That’s the advice contained in a recent release titled Dateline: Canada, in which Canadian Maple Leaf c…
Denison opposes oil bid by Greece
Denison Mines will oppose an attempt by the Greek government to acquire a majority interest in the company’s oil and gas operations in the Aegean Sea. At press-time, the company was still awaiting off…
EXPLORATION ’87 SMDC
Saskatchewan Mining Development Corp. (smdc) is playing a major role in the discovery, development and marketing of mineral resources in Saskatchewan. In just over a decade smdc has evolved from an ex…
ORE HORIZONS A Jurassic Epithermal Gold Area
Located some 300 km north of Smithers, B.C., the Toodoggone precious metals area awaits its inevitable development. Over the next couple of years, several development projects may be undertaken in the…