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…
News
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…
Liberals set to change Ontario mine tax rate
A bill to amend Ontario’s Mining Tax Act was expected to become law at presstime. The bill would eliminate the current graduated tax of up to 30%, which is imposed on mining profits, and replace it wi…
Second exploration shaft at Perron’s Soisson bet
Three diamond drills are working underground with one additional drill on surface at Perron Gold Mines’ Soisson gold bet in the Val d’Or area of Quebec. Underground exploration is continuing on the A,…