News in Brief (August 03, 1987)
S.I.S. Explorations has changed its name to Allegiance Equity Corp. (anq:vse) on a basis of one new share for four old shares.
News
Noranda, Getty release results of Tundra project
Additional drilling results have been obtained from Noranda Inc. and Getty Resources’ Courageous Lake joint venture property located 130 miles northeast of Yellowknife, N.W.T. Previous results from a …
Queries Kaaba to heap leach in California
When I last wrote to you in the summer of 1985, you seemed unaware of Skyline Explorations, which was trading on the Vancouver Stock Exchange at 85 cents . Since you haven’t published any news of Ka…
CROSS-CUTS Huge nugget find reported
It looks like a big baked potato, it’s said to weigh 74.6 oz and it could be worth at least $60,000. “It” is a gold nugget, discovered July 9 at Squaw Creek, B.C., that could be the biggest ever in Ca…
LETTERS Brunswick bigger than Red Dog
I am writing with regard to an article in the May, 1987, issue. The article enti tled “A Jackpot in the Arctic” (i.e. the Red Dog deposit) stated that “among zin c deposits, only the original Broken H…
Placer, MSV encouraged with underground program
Initial results from an underground program on the Eastmain gold project east of James Bay, are confirming earlier drill results. Partners Placer Development and MSV Resources plan to have the program…
Maufort option
An agreement has been reached between Maufort Resources and a Vancouver company, Moneywise, whereby Maufort may earn a 51% interest in 700 acres adjacent to its Siscoe extension property in the Val d’…
Belmoral ahead on year despite poor quarter
A loss during the second quarter of $656,000 has been reported by Toronto-based Belmoral Mines. The company’s net income for the first six months of 1987, however, stands at $349,000, thanks to a stro…
Canasil starts exploration work at Toodoggone
A phase one exploration program has begun on Canasil Resources’ Toodoggone area property north of Smithers, B.C. Work will include the evaluation of a breccia zone where anomalous gold and silver valu…
Hope Brook entering production
On the remote southwest coast of Newfoundland, where the caribou outnumber the people, a gold mining crew is feeling triumphant. Its year-long struggle with the elements is starting to pay off. The he…
Enigmatic Imperial metals spinning off gold assets
Last year even the president of Imperial Metals admitted his company was “somewhat of an enigma,” arguing in the process that it wasn’t as difficult to understand on a “sector- by-sector basis.” Since…
LETTERS Wrong Sponsor
I am writing with regard to your mention of the Prospectors’ Triathlon, in the Cross-cuts section of the June, 1987, issue. I feel it is my obligation to bring to your attention that it is the Porcupi…