News in Brief (December 01, 1986)
Tex-U.S. Oil & Gas has called a shareholders’ meeting to approve the purchase of a private company for 2.3 million post-consolidated shares. The company plans to consolidate shares on a 1-for-5-basis …
News
Montreal Exchange Abby takes high road
Wednesday close, Nov 26 A fairly new listing on the Montreal Exchange, Abbey Exploration, was the most active trader with 243,000 shares changing hands driving the stock up to 70 cents before closing…
Court’s ruling could affect funds’ verdict on Belmoral
After six years of legal proceedings, Belmoral Mines may finally cle ar its name of criminal charges in connection with the death of eight miners at its Val d’Or, Que., gold mine — or it could just b…
Northumberland is underground
A $1-million underground exploration and bulk sampling program is un der way on the Cochrane Hill gold property held by partners Northumberland Mines (70%), MSV Inc. (15%), Atlantic Gold Mines (15%) a…
Rayrock quarter warmed by Nevada gold output
Per-share earnings for Rayrock Yellowknife Resources rose to 17 cents in the third quarter to Sept 30, compared with 14 cents per share for the first six months of the year. The company attributes th…
Tin symposium faces problem of low prices
Tin International, a division of Metals and Minerals Publications of London, is holding its second international tin symposium Dec 16-17 in London. Tin International sees the central issue facing both…
Syngold, CFC find new Deka zone
Syngold Exploration and Corporation Falconbridge Copper report the discovery of a new gold zone on the Deka property two miles northeast of Noranda, Que. Seven vertical drill holes on 400-ft centres h…
Northair reserves readily accessible
An independent evaluation of Northair Mines’ Willa property has come up with a reserve of 546,500 tons grading 0.182 oz gold, 0.28 oz silver and 0.87% copper across widths of 30-120 ft. President Dona…
Production imminent, Royex eyes Hedley
With production from its Mascot gold mine scheduled for mid-1987, Royex Gold Mining has moved decisively to expand its land position around Hedley in south-central B.C. Royex will take a share positon…
Forest Hill adds zest to Seabright’s potential
Underground development work at Seabright Resources Inc.’s gold property here is advancing rapidly to put ore reserves into the proven category. While an investment research report by Levesque, Beaubi…
American Platinum assays platinum at Lac des Iles
Platinum and palladium mineralization has been assayed on ground tyi ng on to the eastern boundary of the Madeleine Mines platinum-palladium Roby deposit in the Lac des Iles area, north of Thunder Bay…
Zinc/copper/gold deposit on Lugold found by Aur/Abbey
A new zinc-copper-gold deposit has been discovered by Aur Resources, project operator, and Abbey Exploration, on the western portion of the Lugold property located in Louvicourt Twp., about 20 miles e…