Timmins tailings plan gets OK
Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…
News
Manridge financing
Manridge Explorations says it has completed a private placement to r aise a total of $175,000 which it will use to acquire new resource properties, as well as do further work on its silver property in…
Odessa looks for early cash flow
Developing early cash flow from its Birchville property in California is the prime objective of Odessa Explorations which says about $200,000 will be spent on the project in 1987. The property hosts s…
Correction (December 29, 1986)
In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…
Golden Caribou relinquishes Holman option
Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…
People (December 29, 1986)
SKYLINE EXPLORATIONS — Norman Anderson appointed to the board of directors.
Alberta Stock Exchange Power, Oracle quiet
A good drill intersection from a gold property held equally by Power Explorations and Oracle Resources failed to have much impact on either issue. Despite releasing news of a 9.2-ft section grading 0….
Moneta completes flow-through offer
A first closing on a flow-through share offering by Moneta Porcupine Mines will raise $1 million for the company. The funds will finance exploration on several properties held by the company. In Micha…
First-phase work is completed on Golden Triangle bet
A first-phase exploration program has been completed on the Lac Storm property in northern Quebec which is the subject of a joint venture agreement between Golden Triangle Mining Exploration and Sever…
News In Brief (December 29, 1986)
Wharf Resources plans a financing in January by offering units to th e public, each unit to consist of exchangeable preferred shares and common share purchase warrants.
St. George seeks private placement to start gold mine
St. George Minerals says a private placement is being arranged to bring the company’s Fisher gold project into production in 1987. The property is 1.5 miles northeast of its Dean mine property in Neva…
Terramar progresses at Calif. gold mine
The dewatering phase of the exploration program at the Reid mine pro ject near Redding, Calif., is well advanced, reports Terramar Resource Corp. President Louis P. Starck. So far, some 220 ft of the …