X-Cal is encouraged by Snowbird results
Encouraging intersections have been returned from drilling on the Snowbird property of X-Cal Resources in British Columbia’s Omenica mining division, the company reports. President Shawn Kennedy says …
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Drilling slated on HSK’s Aloigny bet
A total of eight drill holes representing approximately 4,000 ft of drilling is planned to be completed by the end of February on HSK Minerals Aloigny Twp property in the Casa Berardi area of northeas…
Montreal Exchange NA Rare comes alive
Drilling results from Casa Berardi pushed North American Rare Metals up for the second straight week. It closed at 53 cents , up 18 cents on the week, on 876,700 shares. North American, controlled by…
Report from Calgary Bighorn bullish on gold bet
An up-to-date information release by Bighorn Development Corp. paints an encouraging picture for the development of the company’s Island Lake gold project in northern Manitoba. Further rehabilitation …
Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
MSV’s recalculation ups grade, cuts tons
Some number crunching done by MSV Resources, a star performer on the Montreal Exchange in recent weeks more than doubling in value, has reduced tonnage but increased grade of reserves on the Eastmain …
Augmitto, Bay outline reserves on Quebec bet
A preliminary reserve calculation for the Fourax II property shared equally by Augmitto Explorations and Bay Resources and Services, concludes the property has possible reserves of 675,000 tons gradin…
Audrey to spend $8 m. on Mobrun
A commerical production decision is expected on Audrey Resources’s optioned Mobrun property near Rouyn, Que., once an $8 million exploration program is completed this June, reports president Guy Heber…
Galactic output off, company predicts gain
Despite some serious difficulties which caused a large production shortfall last year, Galactic Resources has managed to continue leaching through the winter months at its Summitville gold property in…
Drilling progressing at Norbeau property
Two holes of a planned 6-hole surface diamond drilling program have been completed by Norbeau Mines on its property at Chibougamau, Que. The first hole, located 850 ft east- northeast of the old Norbe…
Second phase drilling by Wesley/Radcliffe in Nevada
The second-phase drilling program is slatted to start next month on the Independence property near Elko, Nev., by joint venture partners Westley Mines and Radcliffe Resources. Evaluation of the result…
Fort Knox plans program on two Ontario gold bets
A $250,000 exploration program is slatted by Toronto-listed Fort Knox Gold Resources on the Crow Lake property, southeast of Kenora, under the supervision of Inco Ltd. The program on the 329-claim pro…