Wide zone trenched on Can America bet
Encouraging gold values have been received by Can America Precious Metals on a property held under option from Cochrane Oil & Gas. Located in the Manitou Lakes area in northwestern Ontario, the proper…
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Lansdowne to merge with Beaver Creek
Lansdowne Oil and Minerals plans to merge with Beaver Creek Goldfields on a share-for-share basis following regulatory approval. Beaver Creek recently optioned two properties in Quebec. In Desjardins …
Locator off and running with cash and drilling projects
Newly listed Locator Exploration, headed by well-known geologists Edward Thompson, David Rogers and William Hill, is off and running with more than $400,000 in its treasury and drilling under way on o…
Revenues climb but loss recorded for Falconbridge
Thanks largely to its acquisition of Kidd Creek, revenues for Falconbridge Ltd. soared to $1.1 billion in 1986, compared to revenues of $890 million in the previous year. But while zinc and gold reach…
Cortez rediscovers magnesite deposit
A proven, high grade magnesite ore deposit on and adjacent to the Deer Trail mine property in Stevens Cty., Wash., has been rediscovered, L. George Reynolds, chairman of Cortez International, has anno…
Editorial Don’t shoot the golden bird, Mr. Wilson
With the next federal budget only a week away and a much- guessed- about tax reform paper expected sometime in the spring, this is an opportune time to reaffirm our concern for the retention of flow-t…
Gibraltar has loss despite cash flow
Although the company reported a positive cash flow, Gibraltar Mines posted a net loss of $4.6 million or 40 cents per share in 1986, compared to a restated loss of $246,000 in 1985. A. J. Petrina, pr…
Teck drilling Estrades ground
Drilling has started on the Estrades property in the Casa Berardi area by operator Teck Explorations and joint venture partners Golden Hope Resources and Golden Group Explorations. The drilling is aim…
Drilling this month planned by X-Cal
A follow-up diamond drill program is scheduled to start this month on X-Cal Resources’ Snowbird gold property in central B.C. The 5,400-ft drill program was prompted by encouraging results derived fro…
Star Lake mine pours first gold
After a 50-year absence, primary gold production has returned to Saskatchewan. In January, the Star Lake gold mine poured its first gold bar, weighing in at 712 oz. The bar had a value of $350,000. Sh…
Teck Chairman wins B.C. Chamber award
Two awards were presented at the B.C. & Yukon Chamber of Mines annual meeting, one to Dr N. B. Keevil Sr and the other to James McDougall, for their contribution to the province’s mining industry. Mr …
Savanna/Bow Valley Courageous Lake bet
A joint venture agreement has been reached between Courageous Exploration and Bow Valley Industries. Courageous is held 65% by Savana Resources and 35% by American Chromium Ltd. Under the terms of th…