Steep Rock earnings take slight dip
Earnings dipped slightly in the first nine months of the year for Steep Rock Resources. Net earnings for the nine months ended Sept 30 were $450,853 on revenues of $6.41 million compared to earnings o…
News
Report from Calgary Savanna focus on Turner-Albright
Operating from the premise that mineral markets are cyclical in natu re, Savanna Resources has assembled an inventory of interests in 10 mineral properties in varying stages of development. The compan…
Golden Eye drilling
Diamond drilling has resumed on the Red Bird project controlled by G olden Eye Minerals. Located near Salmo, B.C., the property has several high grading zones of base metal mineralization, including g…
Axiom: mines are made in force at Dumagami
The successful development of the Dumagami Mines’ gold property once again goes to show the power of the old axiom that mines are made rather than the product of a happen-chance discovery, notes Presi…
Montreal Exchange Vior up sharply
Wednesday close, Dec 3 Overburden drilling on Inco and Cambior’s Douay Twp. property in the Casa Berardi area of northwestern Quebec are “very, very spectacular” says Claude St. Jacques, president of …
Naneco production decision expected
A production decision for the Longstreet and Johnson Gulch gold prop erties controlled by Naneco Resources could be made in 1987, the company says in its annual report. The company says that as deline…
Alberta Stock Exchange Gainers lead the pack
Wednesday close, Dec 3 Several resource issues made solid gains during the week. First City Gold Corp., was one of the bigger winners, adding 85 cents to close at $3.35. The company, which made our mo…
QPA to release flow-through study
A study into the benefits of flow- through share financing for miner al exploration has been completed and the results are “very, very positive,” the president of the Quebec Prospectors Association sa…
Management control of Golden Knight goes to Teck Corp.
It appears that Teck Corp. has secured a major position in what will almost certainly become another large gold producer — the Inco-Golden Knight project in Quebec’s Casa Berardi area. Teck recently …
Pronto options Esso property
An agreement has been signed between Pronto Explorations and Esso Mi nerals Canada giving Pronto the right to earn a 50% interest in Esso’s Long Lake gold prospect. Located 120 km north of Lac du Bonn…
X-Cal to drill Snowbird bet
A 2-phase diamond drilling program is planned for the Snowbird property in the Omenica mining district of B.C., reports X-Cal Resources President Shawn Kennedy. The program will attempt to double the …
Soviet gold sales depress market
Official figures are virtually impossible to get, but it appears the Soviet Union has been selling gold heavily in recent months in order to gain foreign currency. Soviet gold sales in 1985 are estima…