News


New zones spotted on Peralto gold bets

Peralto Resources says it has located three zones of intense silicification, with characteristics similar to known mineral bodies in the Toodoggone gold area, on the company’s holdings in the northern…


Ottawa top uranium producer

Canada continues as the world’s leading producer and exporter of uranium, according to results of the annual assessment of the country’s uranium supply released recently by Marcel Masse, minister of e…


Average Yield

The average yield on mining stocks was down 0.12% at 1.87% on the Toronto Stock Exchange, as compiled by Moss, Lawson and Co., on prices of Sept 5. Last month this group yielded 1.97%, while one year …


Exall Resources

company’s six directors this week in Toronto. In the 3-month period ended July 31, the company, which is controlled by Denison Mines and Roman Corp., both of Toronto reported a net loss of $38,233 or …


Giant Bay president vows to promote bioleaching

Under newly-appointed president and director Claus Jensen, Giant Bay Resources has started a campaign to, in Mr. Jensen’s words, “promote bioleaching like hell.” Mr Jensen appeared before a group of a…


Ottawa may scrap flow-through shares

Members of Quebec’s mining community are biting their nails over the uncertain future of flow-through share financing for mineral exploration. Next spring, the popular tax shelter may be scrapped at t…


Torene awaits drill results (September 29, 1986)

October on the Harrigan Cove property held by Torene Gold Exploration. Located in Nova Scotia, the property covers most of the Harrigan Cove district which produced 7,943 oz of gold from 13,778 tons o…


Alberta Stock Exchange La Ronge boosts Claude

Wednesday close, Sept 24 Trading this week on lthe Alberta exchange was on the uptick with 6,366,200 shares changing hands. Claude Resources Inc., which is working with major Placer Development on a p…


Reject settlement at Horne division

Noranda Minerals’ Horne Division said early in the week its employees, members of the Confederation of National Trade Unions, CNTU, had voted 66% in favor of rejecting a proposal for settlement recomm…


Placer reduces office staff in Vancouver

Placer Development has announced a review of the organization and staffing of its principal office in Vancouver. The review was carried out in recognition of the continuing need for cost effectiveness…


Comaplex awaits drill results

With diamond drilling under way on three of its properties. Comaplex Resources International is now waiting for the results to start coming in, reports President George F. Fink. A minimum 10,000-ft di…


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