News

Rambo intersects 70-ft shear zone, gold values given

Rambo Explorations says it has intersected an altered shear zone inj ected with quartz veins and veinlets and mineralized with pyrite and arsenopyrite over more than 70 ft on its Turgeon property in M…


Pacific Trans optimistic that Ketza project is a go

A favorable production decision is expected on the Ketza River prope rty, says C.D. Stewart, President of Pacific Trans Ocean Resources, which holds a 50% interest in this Yukon gold project. As part …


Shares offered by Barrick to buy Pancana Minerals

American Barrick Resources is swallowing another gold producer — its sixth acquisition since 1983 — as it continues to increase its gold production. The non-cash transaction will see each share of P…


Golden Shield ups Mirado reserves

Reserves at the Mirado gold property controlled by Golden Shield Res ources have been increased by almost 30%, the company reports. Located near Kirkland Lake, Ont., the Mirado property hosts drill-in…


McFinley buying back in Red Lake gold project

McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …


Metals Report Zinc’s decline may be overdone

Zinc prices have been a veritable roller coaster this year moving to extremes on both the upside and downside. Overeaction seems to be the byword for this important industrial metal as prices swing do…



Nahanni drilling Michaud property

A diamond drilling program has started on ground held by Nahanni Min es in Michaud Twp., Ont. Located 25 miles north of Kirkland Lake, the property was tested by previous drilling years ago which cut …


Noranda Pacific intersects platinum/palladium values

Wide intersections with significant gold, platinum and palladium val ues have been obtained from renewed drilling by Noranda Pacific on its Coronation Hill joint venture located in the Northern Territ…


Correction (December 08, 1986)

In the Nov 24 issue it was reported in the Insider Trades section th at Echo Bay Mines bought 117,371 shares of Nuinsco Resources to hold 20,009,995 shares. That latter figure is incorrect. Echo Bay n…


Ambitious program begins on Duverny gold property

A new junior mining company, Jilbey Industries which was originally financed by a 400,000-share offering at 30 cents a share through the facilities of West Coast Securities of Vancouver, began tradin…


Glen Auden assays high grade values

High grading gold values have been assayed from grab samples taken b y Glen Auden Resources from the company’s Swayze- Denyse property. Located south of Timmins, Ont., the property has been mapped, tr…


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