News

HSK Minerals listed on TSE

Shares of HSK Minerals were posted for trading on the Toronto Stock Exchange for the first time on Oct 28. Formerly Homestake Exploration, the company changed its name by a recent certificate of amend…


New World Gold Council gains Intergold facilities

The newly-formed World Gold Council has reached an agreement in principle to take over Intergold’s existing offices and staff in 10 countries in Europe, the Far East and North America. Intergold (a co…


Ontex/Abcourt deal on Quebec property

A joint venture agreement has been completed between Ontex Resources and Mines Abcourt, giving the latter company the right to earn a 50% interest in a gold property. Located in Barraute Twp., Que., t…


Refiners developing ways to deal with waste

At Valleyfield near Montreal, a technical committee set up by Electrolytic Zinc of Canada has met to decide which of the competing technologies developed since the early 70s have the most promise for …



U.S. silver usage declines during second quarter

An 8.6% drop in the use of silver for photographic material, the metal’s largest user category, resulted in an over-all drop of 1.3 million oz in the U.S. during 1986’s second quarter says the Silver …


Belmoral shows quarterly profit

Belmoral Mines reports net income of $259,000 or 1 cents per shares in the third quarter of 1986,the first profit recorded by the company in the past three years. For the same period a year earlier th…



MABC welcomes task force idea

Responding to a call on the mining industry from B.C. Premier William Vander Zalm to join a task force study group, the Mining Association of B.C. says it welcomes the suggestion. Premier Vander Zalm …


Tandem/Syrex deal

An option agreement has been completed between Tandem Resources and Ayrex Resources. The deal gives Ayrex the right to earn a 50% interest in Tandem’s Frond Lake gold prospect near Fort Hope, Ont. Ayr…


Drilling under way on Arizona Star bets

A 6,500-ft reverse circulation drill program is scheduled to start this month on both the Van Deemen and Lost Pan Gulch properties located in Mohave Cty., Ariz., reports Arizona Star Resource Corp. Pr…



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