Three drills now testing Granges’ B.C. gold bet
Probably better than most companies, Granges Exploration recognizes the importance of a drill hole. That fact alone best explains why the company will complete 15,000 to 20,000 ft of drilling this yea…
News
Kinbauri Gold Corp. has netted $158,460 through the completion of
placement of flow- through units, subject to regulatory approval. The company plans to start drilling immediately on its properties east of the Kirkland Lake airport. It says it has also entered into …
North American big spender on Golden Bear prospect
What probably represents the largest single exploration and development program in B.C. is well under way 77 miles north of Telegraph Creek. North American Metals Corp. is spending $3.3 million on Che…
Higher gold production a Lac highlight
With 199,057 oz of gold produced so far this year, Lac Minerals is more than two-thirds of the way in meeting its targetted gold production of 290,000 oz by year-end, excluding production from the Pag…
Drilling at Rand Malartic significant: NSR Resources
Definition drilling of the 67 zone at the Rand Malartic, Quebec gold property of NSR Resources is under way with encouraging results being returned. So far, 23 underground holes have been completed at…
Capt. Consolidated to drill Mishibishu
Initial surface exploration results have been received by partners Captain Consolidated Resources and Koala Resources from their Mishibishu Lake gold project. Located west of Wawa, Ont., the property …
Montreal Exchange: Wrightbar climbs 13%
Wednesday close, Oct 29 Drilling results from its Bourlamaque property pushed Wrightbar Mines up 20 cents on the week as it traded 189,000 shares and closed at $1.70. The results came from holes pu…
Underground for Tandem at Moss Twp. gold project
Plans are being formulated for an underground test of the Tandem Resources-Storimin Exploration joint venture project in Moss Twp., 70 miles west of Thunder Bay in northwestern Ontario. Representative…
Adit progressing on Skyline B.C. bet
The crosscut adit is continuing south through the Cloutier zone and has proceeded a total length of 740 ft from the portal on Skyline Explorations’ 100%-owned Reg claim group in the Iskut River area o…
Sherritt Gordon’s bottom line hurt by fertilizer division
A major reduction in earnings in fertilizer operations was the prime reason behind the 81% profit drop posted by Sherritt Gordon Mines at the recent 9-month mark. Net earnings of $1.688 million (7 cen…
Kidd Creek, ferronickel aid Falconbridge profit
After two quarters of losses, Falconbridge Ltd. reports earnings, before extraordinary items, of $5.6 million, or 9 cents a share for the three months ended Sept 30. The figure compares with earnings…
Beaufield options property gets flow through financing
Beaufield Resources, has entered into an agreement with Kidd Creek Mines, an affiliate of Falconbridge Inc., giving the company the right to earn a 49% interest in Kidd Creek’s Lac Barry area properti…