News


U.S. automakers use more zinc in fight against rust

The use of zinc-coated steel in the typical U.S.-produced automobile rose 23.2% during the 1986 model year, according to the New York based Zinc Institute. That’s the largest annual per- vehicle incre…


Back above $400 Gold’s glint catches public’s eye

The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…


Record output for Galactic

Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …


Decline gets green light at Newhawk B.C. bet

Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…


Sparton seeks funds

A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…




Normine outlines reserves at its Idaho mine

Normine Resources has outlined 2.8 million tons of reserves grading 0 .036 oz gold per ton at its Friday-Deadwood Mountain joint venture in Idaho. These reserves are classified as drill-indicated and …


News in Brief (September 08, 1986)

Share purchase warrants of Placer Development posted for trading on the TSE on May 3, 1983, in connection with a unit offering by prospectus dated March 15, 1983, expire on Sept 30, 1986.


Scintrex in China

Scintrex Ltd. says it has a $640,000 contract with China to provide a helicopter-borne geophysical system for aerial mineral exploration.


Drilling at Sumich

A surface drilling program has started on the New Beginnings Resources’ Sumich mine property in Nevada. The program will test for extensions of the zone along strike and at depth. Approximately 30,000…


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