1986

Timmins tailings plan gets OK

Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…




Terramar progresses at Calif. gold mine

The dewatering phase of the exploration program at the Reid mine pro ject near Redding, Calif., is well advanced, reports Terramar Resource Corp. President Louis P. Starck. So far, some 220 ft of the …


Golden Caribou relinquishes Holman option

Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…


Correction (December 29, 1986)

In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…


Editorial Metals take a back seat

From the point of view of the mining industry, there was only one thing that marred the epic flight of the Voyager superlight aircraft around the world. The aircraft itself, which has become the first…


Almaden options Steep Rock bet

Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…



Manridge financing

Manridge Explorations says it has completed a private placement to r aise a total of $175,000 which it will use to acquire new resource properties, as well as do further work on its silver property in…


Giant Bay to test-mine Gordon Lk. gold deposit

Some 10,000 tons of mineralized rock grading 0.62 oz gold per ton wi ll be mined and processed at the Gordon Lake property near Yellowknife, N.W.T., early next month, according to Claus Jensen, presid…


COATS Trading Features (December 29, 1986)

The share price of Comstock Keno Mines, a long inactive company, con tinued to trade in the 37 cents -40 cents range. The company is being reactivated by a financicl company which has plans to seek a…