1986


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…


Maufort drilling (December 29, 1986)

The first phase of drilling by Resources Maufort on the Siscoe Extension property near Val d’Or, Que., has confirmed the presence of two distinct gold-bearing hirizons and a major fault zone, the comp…


Owl Creek West drilling resumes in the new year

Drilling on the Owl Creek West project will resume after the Christmas break by partners Montreal- listed Syngold Exploration and Kidd Creek Mines. In the meantime the latest round of drill results is…


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…


Letters to the Editor Pamour success

I read the article on Pamour’s heap leaching test in the Dec 1 issue of The Northern Miner with great interest. My congratulations to them on their initiative and foresight in utilizing this technolog…


Imperial Metals to sell interest in uranium venture

Imperial Metals Corp. says for $1,750,000 it will sell a 10% partici pating interest in the company’s Saskatchewan Wheeler River uranium joint venture. Imperial says the transaction would result in a …


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…


Gunsteel aims for 100 tpd at its B.C. gold project

Despite its name the Nugget Vein at Gunsteel Resources’ gold property seven miles southeast of here contains little or no visible gold. So it’s safe to assume the vein was named by someone who thought…


Manridge financing

Manridge Explorations says it has completed a private placement to r aise a total of $175,000 which it will use to acquire new resource properties, as well as do further work on its silver property in…


News In Brief (December 29, 1986)

Wharf Resources plans a financing in January by offering units to th e public, each unit to consist of exchangeable preferred shares and common share purchase warrants.


Giant Bay to test-mine Gordon Lk. gold deposit

Some 10,000 tons of mineralized rock grading 0.62 oz gold per ton wi ll be mined and processed at the Gordon Lake property near Yellowknife, N.W.T., early next month, according to Claus Jensen, presid…


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