Torene drilling (January 26, 1987)
Torene Gold Exploration reports it plans a 10,000-ft drilling program on its Harrington Cove gold project in Halifax Cty., N.S. The drilling, to be financed through sale of 320,000 flow- through share…
News
Rayrock operator of Costa Rica Bet
A joint venture agreement on the Bellavista/Montezuma gold property in Costa Rica has been entered with Rayrock Yellowknife Resources, Westlake Resources and Midland Energy Corp. Under the terms of th…
Underground, surface work for Citadel Gold prospect
Approximately $1.3 million will be spent by the end of February on the Citadel Gold Mines property near Wawa, Ont. The work will include dewatering, underground and surface drilling, plus some develop…
New reserves for Dome group
The historical reserve policy of Dome Mines and its affiliate companies, to conservatively calculate reserves as only proven ore which can be mined without additional development costs, has been ended…
Major drilling is under way for City Res.
A 29,000-ft drill program is under way at City Resources (Canada)’s Cinola gold deposit in the Queen Charlotte Islands. The company says the program is designed to confirm the grade and tonnage of the…
Royal Oak working on Maylac property
A dewatering program is under way at the Maylac property held by Royal Oak Resources. Located three miles north of Geraldton, Ont., the Maylac mine saw limited production in 1958 producing 1,520 tons …
Handbook appeals for updated maps 1987-88 edition
The staff of the Canadian Mines Handbook is currently in the process of updating old maps and compiling new maps for the 1987-88 edition, scheduled for publication in July. To ensure accuracy, holders…
High grade hit on Treminco bet
Underground drilling at Treminco Resources’ Tom property near Yellowknife, N.W.T., has intersected a previously unknown vein. An assay of 0.46 oz gold was reported over 8.4 ft from the new structure w…
Metals Report Moly’s fundamentals improving
Now don’t get me wrong. I’m not about to say that molybdenum is going to be a stellar performer for the rest of this decade. It’s not. But it could be starting on a slow but steady road to recovery. C…
Exploration starts for Verdstone Gold on B.C. prospect
Exploration work has started on the East Thurlow Island gold property of Verdstone Gold Corp., the company reports. The work on the property, some 40 miles northeast of Campbell River, B.C., will be c…
Dore/Orofino joint venture Vermillion Lake LD
Dore Exploration and Orofino Resources have entered into a joint venture on the latter’s 128-claim option in the Vermillion Lake project in the Mine Centre area of northwestern Ontario. The claims cov…
Bankeno Mines amalgamates with Bankeno Resources
The amalgamation of Bankeno Mines with its wholly-owned subsidiary Bankeno Resources has been approved by the board of directors of each company. The two companies are continuing as one amalgamated bu…