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…
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Jilbey options its Duverny gold bet
An agreement has been signed between Jilbey Industries and Bay Resources and Services. The deal gives Bay the right to earn a 75% interest in Jilbey’s gold prospect in Duverny Twp., Que. Located near …
OMEP budget increases by $4 million
The Ontario government is throwing an additional $4 million into the Ontario Mineral Exploration Program (OMEP) for fiscal 1986-87, increasing the budget to $12 million from $8 million. Edward Solonyk…
Royalty from McLellan mine should boost Agassiz’s profit
Agassiz Resources reports net earnings of $91,152 for the 3-month pe riod ended Sept 30 on revenue of $3,555,529 compared with net earnings of $238,210 on revenue of $4,346,176 for the same period a y…
Dejour awaits project moneys
It looks as if the Detour Lake mine is gearing up its new underground gold mine with production slated at 1,800 tonnes of ore per day by December, 1987. “Though the final approval has not been given, …
Mid-Canada, Abitibi begin drill programs
A drilling program is under way on the Bourlamaque, Que., gold prope rty held by partners Mid- Canada Gold & Copper Mines and Abitibi Resources. After this phase of exploration Abitbi will have earned…
Toronto Stock Exchange Golds still bright as market moves higher
Wednesday close, Dec 3 The ownership of the Page- Williams Hemlo mine is now resting in the hands of the five judges who have spent the latter part of last month in the Ontario Court of Appeal listeni…
Acadia joins stock market with a fistfull of assets
“I don’t think I’ve seen a junior mining company come to market with such a package of properties.” That is how Dan Farrel, who has been with Merit Investment Corp. of Toronto for seven years, introdu…
Odessa completes small drill program
A 4-hole drill program has been completed on the Birchville gold pro perty by Odessa Explorations. The property is located in the Mother Lode area of California. Assays from the drilling are expected …
Cane Corp’s survey defines drill targets
An airborne geophysical survey has been completed by Cane Corp. on t he company’s claim group in Vezza Twp., Que. The survey located several targets warranting diamond drilling, the company says. Fund…
Rambo intersects 70-ft shear zone, gold values given
Rambo Explorations says it has intersected an altered shear zone inj ected with quartz veins and veinlets and mineralized with pyrite and arsenopyrite over more than 70 ft on its Turgeon property in M…
Pacific Trans optimistic that Ketza project is a go
A favorable production decision is expected on the Ketza River prope rty, says C.D. Stewart, President of Pacific Trans Ocean Resources, which holds a 50% interest in this Yukon gold project. As part …