Metals Report Giscard d’Estaing may help gold
Remember Valery Giscard d’Estaing? You’re not alone if the name only vaguely conjures up images of an aloof, patrician French politician from an age long past, an age when Bjorn Borg ruled the tennis …
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Interlake stops
Interlake Development says no further drilling is planned on its Hemlo, Ont., property following drilling of hole IL-2Y to a depth of 6,163 ft. Hole IL-2Y intersected the Moose Lake formation from 4,6…
Gold production at Galactic Res. up to 55,000 oz.
Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…
Aur and CMP reach agreement
Toronto-listed Aur Resources has entered into agreements with CMP 1987 (Quebec) Resources Partnership and Co. and CMP 1987 Resources Partnership and Co. for the provision of flow-through financing for…
Perrex to probe three properties
Perrex Resources plans to spend $475,000 on exploration of the company’s 103-claim property in Harker and Elliott twps., Ont. Located north of Kirkland Lake, Ont., the properties cover structures beli…
New books (January 12, 1987)
Exploration in British Columbia — 1985 — The Geological Survey Bran ch of the Mineral Resources division of the B.C. Ministry of Energy, Mines and Petroleum Resources. Paperbound, 590-page publicati…
B.C. public concerned about moratorium
British Columbia’s minister of energy, mines and petroleum resources, Jack Davis, has responded to public concerns regarding the government’s decision to permit British Columbia’s uranium moratorium t…
Toronto Stock Exchange TSE short positions
Semi-monthly report as of Dec 15 showed 15,239,477 shares of 626 issues compared with 15,703,337 shares of 632 issues on Nov 30. Larger individual positions include: Amer. Barrick 33,500; Asamera 82,6…
First General Mine diamond drilling in Stover Twp., Ont
A $150,000 diamond drilling program to test geophysical anomalies for their precious metal potential is under way by First General Mining Management and Gold Corp. in Stover Twp., Ont. The exploration…
Lakeshore placement
Lakeshore Minerals says it recently completed a private placement of 100,000 units, each unit consisting of three Lakeshore common shares and one warrant good to purchase a single common share for $1,…
No reinstatement for former mines minister
It seems that Ontario Premier David Peterson will continue as acting minister of the province’s ministry of northern development and mines for an unspecified period. There had been speculation that Mr…
Golden Star finds new zone in Guyana
Golden Star Resources says a new zone of gold mineralization has been discovered on the company’s Omai property in Guyana, South America. The newly identified gold-bearing sector, the so-called wenot-…