News


Tumbling price of nickel splatters red ink on Inco

The sharp drop in nickel prices has splattered more than a few drops of red ink on the latest financials put out by Inco Ltd. Though the nickel producer has managed to break even for the latest fiscal…


Bulk sample ups Audrey revenues

Revenue from the milling of the bulk sample from the Mobrun property near Rouyn, Que., has boosted third quarter financial results for Audrey Resources. For the nine months ended Dec 31, revenue total…



Mary Ellen signs letter of intent

Mary Ellen Resources has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) whereby Mary Ellen and Lenora Explorations have agreed to joint venture a 17,000-acre Lodge…


Alberta Stock Exchange Naneco continues climb

Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…


Two additional zones found by Parquet Res.

Two additional gold-bearing zones have been discovered in the current diamond drilling program on Parquet Resources’ 2,000-acre gold property in Courville Twp., in the Val d’Or area of Quebec. The H z…



Ronrico involved in platinum play

Ronrico Explorations is losing no time in getting work under way on its extensive interests in the Labrador Trough, the locale of a major new platinum play (N.M., Jan 26/87). For in addition to a dire…


Geologist awarded major Fellowship

Geologist Dr Robert Kerrich, recently appointed to the George McLeod chair in geology at the University of Saskatchewan, Saskatoon, has been awarded the E. W. R. Steacie Memorial Fellowship by the Nat…


Early 1988 production Canamax Ketza R. target

With sufficient oxide reserves for a 5-year mine life, Canamax Resources is completing a feasibility study on its Ketza River project where production could begin in early 1988. Located south of Ross …


Can-Mac drilling high grade veins

Exploration has led to the identification of six gold mineralized zones striking across ground held by Can-Mac Exploration, the company says. The property is located in Davis Twp., east of Sudbury, On…


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