Alberta Stock Exchange Gainers lead the pack
Wednesday close, Dec 3 Several resource issues made solid gains during the week. First City Gold Corp., was one of the bigger winners, adding 85 cents to close at $3.35. The company, which made our mo…
News
QPA to release flow-through study
A study into the benefits of flow- through share financing for miner al exploration has been completed and the results are “very, very positive,” the president of the Quebec Prospectors Association sa…
Management control of Golden Knight goes to Teck Corp.
It appears that Teck Corp. has secured a major position in what will almost certainly become another large gold producer — the Inco-Golden Knight project in Quebec’s Casa Berardi area. Teck recently …
Pronto options Esso property
An agreement has been signed between Pronto Explorations and Esso Mi nerals Canada giving Pronto the right to earn a 50% interest in Esso’s Long Lake gold prospect. Located 120 km north of Lac du Bonn…
X-Cal to drill Snowbird bet
A 2-phase diamond drilling program is planned for the Snowbird property in the Omenica mining district of B.C., reports X-Cal Resources President Shawn Kennedy. The program will attempt to double the …
Soviet gold sales depress market
Official figures are virtually impossible to get, but it appears the Soviet Union has been selling gold heavily in recent months in order to gain foreign currency. Soviet gold sales in 1985 are estima…
Lacana profit takes leap on gold production
Climbing gold sales from the Pinson-Prebble and Dee mines in Nevada in which Lacana Mining has interests, added to a higher gold price, gave the company record earnings for the nine months ended Sept …
Noble Peak gets Matagami claims
An airborne geophysical survey in under way on a large 531-claim pro perty acquired by Noble Peak Resources. Located in the Detour Lake-Matagami area of northern Quebec, the property straddles a 5-km …
Lac appeal decision may drag
The market seems to be saying that Lac Minerals is going to win, to some degree, its appeal of an Ontario Supreme Court ruling awarding the Page-Williams gold mine at Hemlo, Ont., to International Cor…
Audrey’s Mobrun project has initial recovery problem
Recovery problems have cropped up at the Mobrun project, shared equa lly by partners Audrey Resources and Corporation Falconbridge Copper. Located near Rouyn, Que., the deposit is being mined via open…
Novamin cuts high grade gold near Cadillac
Early results from a drilling program started Nov 6 by Novamin Resou rces east of Cadillac in northwestern Quebec have returned some good values including one high grade hole. Of 11 holes drilled on t…
News in Brief (December 08, 1986)
Agassiz Resources reports a profit of $962,387 on revenue of $17,693 ,661 for the year ended June 30 compared with $1,932,156 on revenue of 13,588,194 for the same period in 1985. For the 3-month peri…