McFinley gains 100% interest in Red Lake bet
Its joint-venture agreement terminated on the Bateman Twp. project at Red Lake, Ont., McFinley Red Lake Mines now holds a 100% interest in the property. McFinley, which had a 50% interest in the proje…
News
Royex’s remarkable growth guided by Goodman’s hand
The rapid growth and successful transformation of Royex Gold Mining Corp into a major mining investment house over the past three and a half years has been nothing short of remarkable. However the ver…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 29, 1987)
June 23 June 22 June 19 June 18 June 17 Gold London Bullion Dealers afternoon (morning) $US per oz. 440.20(448.10) 438.00(443.60) 449.00(452.25) 452.20(451.10) 451.25(448.25) Gold Bank of Nova Scotia…
Geodome on TSE
Recently accepted for listing on the tse was Geodome Resources, which has completed a final feasibility study for its Sunbeam mine in Idaho. President Herman Whiton Jr. reports the feasibility study e…
Judge’s death could complicate Lac-Corona suit
The death on June 19 of Mr Justice Bert James MacKinnon, Associate Chief Justice of Ontario, could complicate the already intricate Lac Minerals, International Corona lawsuit. Judge MacKinnon, who die…
Viceroy encouraged by Calif. drilling
Drilling results continue to be encouraging at Viceroy Resource Corp.’s Castle Mountain property in California. Step- out drilling on the west side of the Oro Belle deposit yielded some impressive dri…
Royal Oak focusing on Maylac project
A net loss of $606,922 has been recorded by Calgary-based Royal Oak Resources for the 6-month period July 1-Dec 31, 1986. The company, which is changing its fiscal year to correspond to the calendar y…
Kidd to resume drilling on Chance claims in July
Drilling on the Timmins, Ont., area property which Kidd Creek Mines holds under option from Chance Mining and Exploration is scheduled to resume in late July. The $350,000 program will consist of dril…
Funding for Goldpost
Goldpost Resources Inc. has entered into an agreement with Middlefield Resources under which the Middlefield company is committed to provide Goldpost with $1 million for the purchase of flow- through …
Yorbeau high on Astoria bet
Encouraging drill results have been reported this year on the Astoria property near Rouyn, Que., by Yorbeau Resources which, pending completion of a mine feasibility study, is hoping to have the proje…
Balcor assays look promising
Significant assays have been reported from another three holes at Balcor Resources’ Lasthope property southeast of Lynn Lake, Man. The holes included 7.5 ft of 0.83 oz gold per ton, 10.8 ft averaging …
Orcana earning 50% interest in Cook property
An agreement has been signed between New Sabina Resources and Orcana Resources whereby Orcana may earn a 50% interest in the former’s Cook property in MacMurchy Twp., located 18 miles west of Gowganda…