Onitap adding third drill rig
A third drill rig is being added on the Boston-Richardson property held by Onitap Resources. Located near Isaac’s Harbour, N.S., the property includes a former producing mine which yielded 50,000 oz o…
News
Investment Comment Three anaylsts look at Inco
The latest financials coming out of Inco Ltd. have clearly been hurt by the tumbling price of nickel. Though the company did manage to break even for the latest fiscal year ended Dec 31, it did so by …
Locator options Theresa property
Locator Resources has acquired an option to earn a 50% interest in the Theresa gold property near Geraldton, Ont. The 18-claim property was partially developed from 1948-1953 by three shafts to a dept…
Zuni Energy plan to recover scrap from ocean floor
The economics of mining mineral-rich nodules on the ocean floor has been debated for years. And it’s almost a certainty this practice would not be feasible at today’s metal prices. But how about refin…
News in Brief (February 23, 1987)
William Frederick Christensen has filed a notice of intention to distribute 150,000 shares of Lytton Minerals through the facilities of the Toronto Stock Exchange on or after Feb 17. The shares to be …
Report from Calgary Dawson Eldorado options Nevada bet
Results of a diamond drilling program on the Lone Star gold property near Dawson, Yukon Territory, have been announced by Dawson Eldorado Mines. The program, operated by Arbor Resources, was conducted…
Durham increases voting interest in Oakwood Petroleum
The board of directors of Durham Resources has agreed to acquire approximately an additional 30% voting interest in Oakwood Petroleums for the issuance of 8,310,676 Durham shares. This will increase D…
Sands to drill two Ontario bets
Vancouver-listed Sands Mineral Corp. has raised $275,000 for exploration work in the Pangis-Batchawana and Favourable Lake areas of northern Ontario. About $150,000 has been budgeted for drilling on t…
Queries Del Norte Chrome still active
What’s the latest that you’ve heard on Del Norte Chrome Corp? K.D. Toronto, Ont. The latest word from Del Norte Chrome Corp. is that a $120,000, 3,000-ft winter drill program has started on its 2,300-…
Sulpides drilled by Gabriel Resources
Diamond drilling on the Ahbau Creek property by Gabriel Resources has encountered gold, silver and copper mineralization in a series of massive sulphide veins. Results from the first two holes cut 7.8…
Alberta Stock Exchange Northfield up on results
Northfield Minerals continued to add to last weeks gain, adding 20 cents to $1.10. The company along with partner Northern Ranger Oil and Gas, can earn a 30% stake in the Larder Lake, Ont., area prope…
Skyline hopes to start at 200 tons per day
Some detailed information has been made available to the public about Skyline Exploration’s Reg property in northwestern B.C. At this stage, management is confident the property could support a 200-to…