Gordex adds to pit’s potential at Cape Spencer
Results from the first seven holes of a 29-hole drill program on Gordex Minerals’ Cape Spencer heap leach gold mine property in New Brunswick indicate good potential for increasing open pit ore reserv…
News
United Reef pulls platinum values at Nickel Offsets
Samples taken from the nickel- copper Nickel Offsets property by United Reef Petroleum are yielding platinum group metal (pgm) values as well as gold values. Among the samples taken from the mine dump…
Atlantic Report Exploration disappointing in N.B.
Consulting geologist Peter M. Dimmell, president of the New Brunswic k Prospectors and Developers Association, is disappointed with the current state of minerals exploration in that province. “If it w…
New zone holds promise Three drills, 30,000 ft program Storimin-
Two new gold zones have been encountered by Storimin Exploration on its joint venture with Tandem Resources at Moss Lake, 70 miles west of Thunder Bay in northwestern Ontario. Thirty holes totalling 1…
SherrGold dividend
A stock dividend has been declared by the board of directors of SherrGold Inc. Equivalent to 10.5 cents per share, the dividend will be payable on common shares of SherrGold based on a price per shar…
Till samples show delicate gold grains on Douay Twp. bet
Overburden drilling funded by Vior Inc. on a property held jointly by Inco Ltd., the operator, and Cambior in northwestern Quebec’s Douay Twp., indicated three areas of anomalous heavy mineral concent…
Sudbury Contact plans drilling
A total of 36 reverse circulation drill holes has been completed by Sudbury Contact Mines in the Kirkland-Larder Lake area of Ontario. The program was to locate anomalous gold areas and define targets…
Nexus gets option
Nexus Resource Corp. has been granted an option by Westmin Resources to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which consi…
Baroque options antimony bet, drilling to test gold potential
Baroque Resources has completed an option agreement with Homestake Mineral Development giving the company the right to earn a 51% interest in Homestake’s Miminiska antimony deposit. Located west of Fo…
People (December 15, 1986)
THE BANFF CENTRE SCHOOL OF MANAGEMTENT- Fleicity N. Edwards named manager of Resource Management Programs.
Giant Bay plans a mobile biotankleach demonstration plant
Construction of a mobile biotankleach demonstration plant has been approved by the board of Giant Bay Resources. The company says advanced negotiations are under way with several mining companies whic…
Profit up 44% for Teck Corp
With a profit boost of 44%, Teck Corp. has emerged from the year ending Sept 30 with a net income of $23.3 million or 42 cents per share. However, with extraordinary items net income increases to $24…