Eastfield drilling results encourageing
A diamond drill program at Eastfield Resources’ Indata project north of Fort St. James, B.C., has returned some encouraging results, the company confirms. The October drill program intersected a miner…
News
Drilling extends zones at Granges, MacMillan gold bet
Recent drilling at the Mishibishu Lake gold project in northwestern Ontario has extended the main ore zone to the northeast and northwest and also the west zone which is located 2,500 ft west of the m…
Penway seeks financing for Canada/U.S. projects
Alberta-listed Penway Explorers is currently negotiating a flow- through financing agreement to raise $1 million for exploration at its Labrador Trough property near Schefferville, Que. The Toronto co…
Amax, Canamax deal
A funding agreement has been completed in principle, between Canamax Resources and its major shareholder, Amax Gold. Under the deal, Amax will make available to Canamax a $10-million (US) revolving cr…
Queries Slack leaves Belmoral in great shape
As an owner of Belmoral Mines’ common shares, I would like to be brought up-to-date on the activities of this Toronto-based company. N.M. Prince Albert, Sask. (Set 8 1/2 pt on 10 times roman across …
Metal Prices FREE MARKET (January 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lea…
Wrightbar reports 5 drills working
Three surface and two underground drills are currently working at its Bourlamaque Twp. gold property in northwestern Quebec, Wrightbar Mines reports. Among the better surface drilling results to date …
Coldspring starts Costa Rica production
Gold production started late in October at Coldspring Resources’ placer gold mine in the Osa area of Costa Rica. The company is processing 1,000 yd per day and expects to double this by spring. Gold o…
Golden Range drilling on 3 properties
A total of 25,275 ft of drilling has been completed on three of the 11 properties held by Golden Range Resources under an agreement with Mingold Resources, Golden Range reports. At the Manson Bay prop…
Montreal Exchange Investors on sidelines
The phrase “year-end holiday” seems to have been taken literally by investors on the Montreal Exchange, where daily trading volumes slowed almost to a trickle as the week wore on. Those investors that…
Tundra reserves exceed 25 million tons
A revised reserve figure has been calculated by partners Noranda Exploration (51%) and Getty Resources (49%) for their Tundra gold property located 130 miles northeast of Yellowknife, N.W.T. The new r…
MFC, Pioneer dealt o treat Hecla ore
MFC Mining Finance Corp. and Pioneer Metals Corp. have entered into an agreement with Hecla Mining which will see mfc and Pioneer process ore from Hecla’s Yellow Pine gold property in Idaho. Processin…