COATS Trading Features (September 21, 1987)
Louvicourt Goldfields was weaker this week, trading at 63 cents -68 cents . Last week, the issue was up to 80 cents on news that Ronrico Explorations plans to reopen Louvicourt’s shutdown mine proper…
News
Mingold, Range in $3m. venture
An agreement has been completed between Golden Range Resources and Mingold Resources, a 100%-owned affiliate of Inspiration Resources Corp. and Minorco Canada. Under the terms of the deal, Golden Rang…
Getty, Noranda to go underground at Tundra
A $25-million underground exploration program has been proposed for the Tundra gold project by partners Noranda Exploration (51%) and Getty Resources (49%). Located in the N.W.T., the Tundra deposit, …
Editorial Fun and games at the TIP TOP
Although it is easy to knock the government for all the crazy mistakes it makes, we’re tempted to bury the axe (for a moment, anyway) and tip our hardhats to Ottawa for its recent pragmatic initiative…
Gulf Titanium feasibility study
A feasibility report has been received by Gulf Titanium for its Cruse Belmont property in Montana. The report recommends taking the high grade gold property into production next spring at 200 tons per…
Big increase in revenue spurs profit for Pegasus
Among gold producers reporting much higher profits this quarter is Pegasus Gold. The company recorded net earnings of $4.3 million(US) for the quarter ended June 30, compared to $1.5 million a year ag…
Moss’s Pickle bet optioned to Placer
An agreement in principle has been signed between Moss Resources and Placer Dome Inc., concerning the Fault Creek property near Pickle Lake, Ont. The claims, which are owned 60% by Moss and 40% by Can…
Normetal expects higher tonnage
Higher reserves are expected by Normetal Mining Exploration following the first phase of drilling on property in Desmeloizes and Perron Twps. in northwestern Quebec. The drilling, financed by La Sarre…
Parklane to start drilling program at Contwoyto Lake
A 10,000-ft program of diamond drilling is planned by Parklane Technologies on the Rox/Vox claim group in the Contwoyto Lake area, N.W.T. The company says it is preparing now to start the first-phase …
Production early ’88 for Perron gold mine
Operators of the Sleeping Giant gold-silver mine project located about 40 miles north of here are gearing for a production start-up in January, 1988, The Northern Miner learned during a recent tour. T…
Cannon production exceeds Asamera’s expectations
Calgary-based Asamera Minerals recently released a progress report on a number of its key properties located in Germany and the U.S. Results of exploration and production from five of these projects a…
Thompson-Lundmark busy on exploration projects
Thompson-Lundmark Gold Mines reports it has raised $435,000 for exploration work on the company’s various mining interests. President Richard Evarts tells The Northern Miner the funds came from 31.9%-…