Mineralization at Tommy Jack project
Gold-silver mineralization has been encountered on the Tommy Jack property in northwest B.C. by joint venture partners Goldcap Inc. and Noranda Explorations. This mineralization was encountered in a s…
News
Report says Williams drops role in lawsuit
The Ontario Court of Appeal had received no official notice by Nov 12 that Lola Williams and Williams Co., a private company based in Salisbury, Md., have dropped their intervention in Lac Minerals’ a…
Merietta Resource Corp has negotiated a private placement sale of
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
Cornucopia renegotiates Red Mountain deal
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …
Lac/Cambior Doyon gets even better
Two ore zones have been intersected in the first hole of a deep drilling program at the Doyon gold mine in northwestern Quebec. The program was initiated by joint venture partners Lac Minerals and Cam…
Malartic Hygrade has lower earnings
Malartic Hygrade Gold Mines reports net earnings for the 9-month period ended Sept 30 of $1,447,694 or 41 cents per share compared to $1,553,770, or 44 cents per share, for the same period in 1985. …
Better encouraged by drill results
Drilling is continuing at Better Resources’ Mt. Washington gold property on Vancouver Island and the results are proving to be quite encouraging. Two drills are operating there and some good gold valu…
Alberta Stock Exchange: Pennant Pacific best gainer
Wednesday close, Nov 12 The largest gain for the week was made by Pennant Pacific Resources, the foreign controlled junior which is getting into gold mining. The company, which added $1.50 on the week…
Bechtel hopeful for Hope Brook
Fighting the remote, harsh Newfoundland environment and a tight schedule, Bechtel Canada Engineers says it is determined to see the Hope Brook Gold project brought into initial production in just over…
Yorbeau Resources has raised $7.5 million by selling 3,250,000
77 cents each and 3,125,000 receipts for $1.60 each. Each unit consists of one common share and one-half a share purchase warrant. The receipts entitle the holders to one flow-through share for explo…
Montreal Exchange: New resource listings fuel market
Wednesday close, Nov 12 New listings are powering the Montreal Exchange to one of its best years ever. About one-third of more than 100 new listings on the exchange so far this year are resource compa…
Metals Report: Labor relations seen improving
Labor relations in the mining industry are changing dramatically in the 1980s, largely a result of the changing economics of the industry. The 3-month old strike at Noranda’s Canadian Electrolytic Zin…