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.
News
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 …
Toronto Stock Exchange Investors take breather on quiet holiday
With investors taking a breather over the holiday period, the market ends this short Christmas week on a quiet note. At noon the widely followed composite 300 was off 1.91 pts to 3,042.66, but that’s …
Two underground programs give Muscocho good results
Muscocho Explorations says the ramp on the Magino gold project north of Wawa, Ont., has been completed to a depth of 200 ft and a crosscut has been driven for 600 ft across the gold-bearing formation….
Imperial Metals to sell interest in uranium venture
Imperial Metals Corp. says for $1,750,000 it will sell a 10% partici pating interest in the company’s Saskatchewan Wheeler River uranium joint venture. Imperial says the transaction would result in a …
Our Man of the Year
Walking through the Toronto offices of Selco, the minerals division o f BP Canada Inc., one gets a nagging suspicion that many eyes are following you. On closer examination, one’s suspicions are prove…
Accelerated exploration program ready to roll at Lingman Lake
Drilling should begin this winter on a little-known gold deposit in northwestern Ontario held for many years by Twin Gold Mines. Located near the Manitoba border, east of Gods Lake, the property at Li…
Montreal Exchange Syngold backs off
After setting new highs for the past two weeks, Syngold Exploration came back down to earth with a thud this week. Once again it was the most active trader on the Montreal Exchange with 1,117,600 shar…
Northfield and Armistice plan Larder Lake area work
Alberta-listed Northfield Minerals could acquire an interest in anot her strategic piece of ground in the Larder Lake area next to the Virginiatown gold mine operated by Kerr Addison Mines. Shareholde…
Giant Bay to test-mine Gordon Lk. gold deposit
Some 10,000 tons of mineralized rock grading 0.62 oz gold per ton wi ll be mined and processed at the Gordon Lake property near Yellowknife, N.W.T., early next month, according to Claus Jensen, presid…
State-of-the-art technology exchanged at open pit meet
Some 200 open pit mine engineers and operators met in Calgary, Nov 6 and 7, to exchange information and ideas with geotechnical consultants and university professors on the economic and safe design of…