News

Cobalt price leaps

The price of cobalt, which has been tumbling since the beginning of the year when it was about $11(US) a pound, climbed to their its highest price since June when it topped $7 this week. Production in…


New gold zone at B.Y.G. bet

A new gold zone has been discovered on B.Y.G. Natural Resources’ Mt. Nansen property 37 miles west of Carmacks, Yukon. The property is 100% owned by the company and is under option to Chevron Minerals…


Editorial Gold mining boom is a godsend

Gold mining is now the brightest, most profitable and fastest growin g segment of the North American mining industry. And the price of the metal, which has been unusually strong in recent weeks, still…


News in Brief (September 15, 1986)

Abermin Corp. says it has an agreement for the private placement of 1,092,076 shares, at $1.27 per share, subject to regulatory approval.


Amer. Oakwood and Lacana drilling Toodoggone claims

Drill results are expected shortly from an exploration program being conducted by Lacana Mining Corp and American Oakwood Energy in the Toodoggone area of B.C. Murphy Oil is also a partner in the prop…


Madeleine cuts platinum values (September 15, 1986)

Drilling by Madeleine Mines on the company’s optioned Lac des Iles platinum-palladium deposit has cut an 80-ft section grading 0.2 oz platinum group metals per ton. Ratios previously supplied by the c…


Montreal Exchange Senior issues busy and better

Wednesday close, Sept 10 The Montreal Exchange may be keen to publicize the number of new junior issues that have gained listings in the past few years, but it looked like the staid old ME of old this…


Tyler gets option on Golden Rule claims

Tyler Resources has acquired an option to earn a 45% interest in two claims blocks controlled by Golden Rule Resources. Located near La Ronge, Sask., the properties cover geology favorable to hosting …


Aur has profit

Aur Resources, which has budgeted $18 million for exploration and development work this year on six properties, reports net income of $314,032 for the nine months to June 30, equal to 4.4 cents per sh…


Bruneau plans drill program in Estrades Twp.

Out to earn a stake in an Estrades Twp., Que., property, Bruneau Mining Corp. says it will immediately carry out a program of detailed geophysical surveys on the property. A drill program based on res…


Highland Valley spending $17m. on new plant

At a cost of $17 million, B.C.’s newly-formed Highland Valley Copper will install two semi- mobile in-pit crushing plants, equipped with gyratory crushers which will be among the world’s largest. The …


Mine share trading rises at Toronto Stock Exchange

Dollar value of trading in mining shares on the Toronto Stock Exchange in August increased to $570.3 million, a dramatic 102.7% increase over the $485.8 million traded in July. Share volume in mining …


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