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…
News
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…
Mining industry demands equitable treatment
This country’s mining industry presented a strong case to a meeting of energy and mines ministers here for more equitable treatment in the face of historically low commodity prices. Although the crisi…
Dickenson branches out to widen earning base
With over $40 million in cash equivalent assets, and its main Red Lake operation now back on a sound footing, Dickenson Mines is seeking other avenues for additional gold production, as well as expand…
Davidson Tisdale completes $4-million private placement
A private placement has been completed by Davidson Tisdale Mines which will net the company $4 million. The deal consisted of 999,823 treasury shares of the company at a price of $4.25 per share. In a…
Ayrex, Bresea seek financing for $2m. program
Ayrex Resources reports the first phase of a 1986/87 winter program has started on its property in Desmazures and Cavalier twps., in the Casa Berardi gold camp, about 20 miles northeast of Joutel, Que…
Cominco/Jonpol encouraged with Garrcon exploration
Based on work completed last September, Cominco Ltd has recommended that additional exploration work be performed on the company’s Garrcon property held in joint venture with Jonpol Explorations. Loca…
Greenstrike gets Alberta listing
Greenstrike Gold Corp., a new company managed and controlled by the principals of Calgary-based Petromet Resources, has been listed on the Alberta Stock Exchange. With about 2.7 million shares outstan…