Additional drilling planned by Hector
An additional 1,000 ft of drilling is planned for Hector Resources American Flag property in Arizona. The drilling follows encouraging results acquired from a five hole program which tested sections o…
News
Agreement ended between Nucanolan and Echo Bay Mines
Nucanolan Resources announces that the working option agreement with Echo Bay Mines regarding the Kenora mining division property has been terminated. The agreement is dated Sept 13, 1985. The proper…
Big institutions behind Resource Capital Intl.
Take 45 of the largest financial institutions in the world, add almost $40 million in capital — loose change for the big players — and you get Resource Capital International (RCI). Bermuda-based in …
Brenda has loss in third quarter
Brenda Mines reports a third- quarter net loss of $2.8 million or 61 cents a share, on revenues of $11.6 million. The company reported a third-quarter loss last year of $3,076,000, but notes results f…
Duration cuts VG in first drill hole
Visible gold has been cut in a drill section completed by Duration Mines on the company’s large Casa Berardi area property in Quebec. Three of seven holes intersected quartz veining associated with a …
Teck to resume drilling Houston B.C. zinc property
Ramm Venture Corp., which was the third largest trader on the Vancouver exchange in 1984, trading as high as $3.10, has raised $600,000 in flow-through financing. The money will be used, President Joh…
Over-the-Counter Trading Features (November 17, 1986)
Several issues made good gains on the over-the-counter markets this week. Hucamp Mines traded up to $1.50. Noranda, which has Hucamp’s Manitouwadge, Ont., property under option, has encountered sulphi…
Teck moves with speed on Cominco takeover borrowing
Teck Corp. has moved quickly to eliminate the short-term bank borro wings it required for the takeover of Cominco. The company will place 1.75 million units in Europe which should net about $60 millio…
Mineralization at Tommy Jack project
Gold-silver mineralization has been encountered on the Tommy Jack property in northwest B.C. by joint venture partners Goldcap Inc. and Noranda Explorations. This mineralization was encountered in a s…
Report says Williams drops role in lawsuit
The Ontario Court of Appeal had received no official notice by Nov 12 that Lola Williams and Williams Co., a private company based in Salisbury, Md., have dropped their intervention in Lac Minerals’ a…
Merietta Resource Corp has negotiated a private placement sale of
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
Cornucopia renegotiates Red Mountain deal
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …