1986

Hudson Bay to redeem debentures

Hudson Bay Mining and Smelting plans to redeem its 9% debentures mat uring on June 15, 1991, and its 10.5% sinking fund debentures maturing on Dec 15, 1995. The redemptions will be made at 101% of the…



Experimental work by Mosquito Creek

An experimental mining program is under way at the Mosquito Creek Gold Mining property in the Wells- Barkerville area of B.C. The work follows closely the termination of its option agreement with Hecl…


Moneta completes flow-through offer

A first closing on a flow-through share offering by Moneta Porcupine Mines will raise $1 million for the company. The funds will finance exploration on several properties held by the company. In Micha…



Timmins tailings plan gets OK

Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…


Correction (December 29, 1986)

In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…


Vancouver Stock Exchange Settlement date unsettling

There might be a little “Christmas Cheer” on the floor of the Vancou ver Stock Exchange but it’s not because the market is all that positive. Despite the pressure of Christmas shopping, investors stil…


Odessa looks for early cash flow

Developing early cash flow from its Birchville property in California is the prime objective of Odessa Explorations which says about $200,000 will be spent on the project in 1987. The property hosts s…


Almaden options Steep Rock bet

Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…


Golden Caribou relinquishes Holman option

Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…


Editorial Metals take a back seat

From the point of view of the mining industry, there was only one thing that marred the epic flight of the Voyager superlight aircraft around the world. The aircraft itself, which has become the first…


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