Correction (November 09, 1987)
Contrary to what was reported in our issue of Oct 19, Tony H. Ransom is president of Pamorex Minerals Inc.
News
Golden Shield places Mirado bet on hold
Like most junior exploration companies which attempt to make the leap from explorer to successful mine operator, Golden Shield Resources is experiencing some growing pains. Exuberant at having pulled …
Underground operations planned at MacMillan-Granges prospect
A $4.5-million preliminary budget, including $2.5 million for an underground decline to the 820-ft level, for the balance of 1987 and up to June 30, 1988, has been established for the MacMillan Energy…
Toronto man wins gold prize
A Toronto resident has won 28 oz gold in the “Strike it Rich” contest staged this summer by Ontario Place’s Ontario North Now, in co- operation with the Ontario Mining Association. Winner of the gold,…
Jascan, Novamin report visible gold at Nova Scotia bet
Visible gold has been identified in eight of 11 holes logged to date at the joint-venture Dufferin mine gold property in Nova Scotia, Jascan Resources and Novamin Resources/ Breakwater Resources repor…
Lornex ups earnings
Lornex Mining Corp. realized net earnings of $26.8 million or $3.25 per share for the 9-month period ended Sept 30. During the same period last year, the company earned $20.1 million or $2.43 per shar…
News in Brief (November 09, 1987)
A merger which would see Royal Apex Silver become part of Coeur d’Alene Mines of Idaho, subject to shareholder and regulatory approval, has been announced. Holders of Royal Apex common stock would rec…
Galactic, Cornucopia agree to deep drill Ivanhoe bet
Vancouver-based Galactic Resources and Cornucopia Resources have opted to go ahead with a major deep drilling program at their 100,000-acre Ivanhoe property in Nevada’s Carlin gold trend. The joint ve…
Barrick drilling
Drilling by American Barrick Resources on the Worvest option immediately west of Barrick’s Holt-McDermott gold mine has increased drill-indi cated reserves to more than one million tons grading 0….
COATS Trading Features (November 09, 1987)
At a time when most companies were finding their proposed financings being pulled, one new issue managed to get off the ground. Glencairn Explorations completed a 1.1 million share offering at 32 cent…
Drilling resumes at J.A.G. prospect
Drilling has resumed at the Malartic gold property of J.A.G. Mines in northwestern Quebec, the company reports. The company says its 1986 drilling campaign delineated a mineralized structure along 3,9…
Agassiz releases Lingman results
Toronto-based Agassiz Resources, has released some encouraging drill results from its Lingman Lake joint venture gold property near the Manitoba/Ontario border. As operator of the project which is own…