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…
News
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 …
Shares offered by Barrick to buy Pancana Minerals
American Barrick Resources is swallowing another gold producer — its sixth acquisition since 1983 — as it continues to increase its gold production. The non-cash transaction will see each share of P…
Golden Shield ups Mirado reserves
Reserves at the Mirado gold property controlled by Golden Shield Res ources have been increased by almost 30%, the company reports. Located near Kirkland Lake, Ont., the Mirado property hosts drill-in…
McFinley buying back in Red Lake gold project
McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …
Metals Report Zinc’s decline may be overdone
Zinc prices have been a veritable roller coaster this year moving to extremes on both the upside and downside. Overeaction seems to be the byword for this important industrial metal as prices swing do…
Investment Comment Capital gains opportunties found in Canada gold
Mines and metals analysts Mike Pickens and Robert Sibthorpe, both of Yorkton Securities, have drawn up a portfolio of nine stocks which they believe represent excellent value for investors looking for…
Nahanni drilling Michaud property
A diamond drilling program has started on ground held by Nahanni Min es in Michaud Twp., Ont. Located 25 miles north of Kirkland Lake, the property was tested by previous drilling years ago which cut …
Noranda Pacific intersects platinum/palladium values
Wide intersections with significant gold, platinum and palladium val ues have been obtained from renewed drilling by Noranda Pacific on its Coronation Hill joint venture located in the Northern Territ…
Correction (December 08, 1986)
In the Nov 24 issue it was reported in the Insider Trades section th at Echo Bay Mines bought 117,371 shares of Nuinsco Resources to hold 20,009,995 shares. That latter figure is incorrect. Echo Bay n…
Ambitious program begins on Duverny gold property
A new junior mining company, Jilbey Industries which was originally financed by a 400,000-share offering at 30 cents a share through the facilities of West Coast Securities of Vancouver, began tradin…