Metals Report Gold loans for mines gain favor
Gold’s role as the currency of last resort is being enhanced by a growing trend among financial institutions to finance mine development through gold loans. Gold loans work this way. A bank lends a co…
News
Audrey’s milling tests improving from Mobrun bet
Metallurgical testing of a bulk sample from Audrey Resources’ Mobrun property near Rouyn, Que., shows improved results in November compared with October. In October, 27,072 tonnes were milled with 62%…
Vancouver Stock Exchange A see-sawing, speculative market
Wednesday close, Dec 10 The market has been see-sawing back and forth lately, which is not related to the recent settlement in B.C.’s logging industry. But that settlement should improve the provincia…
Kidd Creek operator Syngold flies high on Owl Creek West results
There’s nothing quite like great drill results to stir up excitement and Syngold Exploration, with operator Kidd Creek Mines, have done just that by intersecting a wide zone of high gold values on the…
Holt-McDermott mine project gets green light from Barrick
The Holt-McDermott gold project has been flashed a green light by American Barrick Resources Corp. Located 30 miles north of Kirkland Lake, Ont., the new mine will pour almost 100,000 oz of gold per y…
Banff Seminar
A seminar on planning the development of resources to achieve sustainable development will be held Jan 18-23 at the Banff Centre School of Management, Banff, Alta. Designed for mid-level and senior pr…
Alberta Stock Exchange Gain for Coxheath
Wednesday close, Dec 10 One of the better advances for the week was made by Coxheath Gold Holdings which churned through almost 500,000 shares to close at $1.25; up 55 cents for the week. The company…
Nine-month earnings up for Mentor Exploration
Net income jumped to $1.3 million or 40 cents per share for Mentor Exploration and Development for the nine months ended Sept 30, a substantial increase from $404,226 or 12 cents per share in the yea…
Rambo’s drilling extends shear to 330-ft horizon
A mineralized section more than 55 ft wide was intersected in hole 86-2 on Rambo Explorations’ Turgeon property in northwestern Quebec’s Massicotte Twp. The company says the hole confirms the extensio…
Tax Angles AMT effects on flow-through
Bill C23, tabled in the House of Commons on Nov 7, contains measures to implement the alternative minimum tax (AMT) announced in December, 1985. When this bill is passed, the AMT measures will become …
Marcus control goes to private investor
Control of Consolidated Marcus Gold Mines will pass to a private investor, Wilanour Resources says. Wilanour, which has a 65.5% interest in Marcus, agreed to sell the interest for $40,000. Before sell…
COATS Trading Features (December 15, 1986)
Spirit Lake Explorations, which has acquired the old Edwards gold pr operty near Goudreau, Ont., perked up to $1.80-$1.90 after being inactive for a ** number of years. The Edwards claims adjoin the …