News

Alberta Stock Exchange Trading picks up

Trading was back to about normal this week in Calgary, with 5,549,500 shares traded, almost double the previous week’s slow market. The most active issue was Sweany Gold Corp., trading close to 760,00…


Correction (September 15, 1986)

A story last week on Grandview Resources incorrectly stated that of the company’s reserves of 16 million tons averaging 0.046 oz gold, “about one-third of that is quite low grade and when eliminated w…


Comstate still busy on Timmins area bets

Comstate Resources says it expects results this month from overburden drilling by Noranda Exploration on Comstate’s Mountjoy south property, and diamond drilling by Falconbridge Ltd., on its Thorneloe…



Impressive zinc values claimed by Fairfield

Zinc has been described as the gold of the base metals sector — albeit in relative terms. That is probably one reason why Fairfield Minerals is bullish on its Logan zinc-silver project 65 miles north…


Flanagan McAdam now underground at Mishibishu Lake

Underground work has started at Flanagan McAdam Resources’ Magnacon gold property in the Mishibishu Lake area of northern Ontario. Flanagan holds a 50% interest in the property while associated compan…


CHESBAR STARTS UNDERGROUND ON MURGOLD’S SWAYZE BET

Chesbar Resources has dropped an option on proven oil reserves in the Beaufort Sea and has put Murgold Resources’ gold property in Ontario’s Swayze area at the top of its property list. The oil ventur…


Faraday/Marcon amalgamation

The amalgamation of Faraday Resources and Marcon Canadian Holdings Inc., a private company, was approved by Faraday shareholders at a meeting held Aug. 21 with the amalgamated company continuing under…


Matt Berry to raise exploration funds

A $562,000 exploration program has been recommended for Matt Berry Mines’ Moss Lake property, 70 miles west of Thunder Bay, Ont., the company says. The property, which comprises three claim groups tot…


Editorial Ontario’s mines safer

It costs mining companies a bundle funnelling money into Ontario’s Workers Compensation Board, but it’s a social cost that, like motherhood, has its own imperative of need and necessity. The board, …


Echo Bay acquiring three more gold mines

Consolidated gold production for Echo Bay Mines will reach a record 480,000 oz per year by 1987 following the acquistion by the company of three producing mines owned by Tenneco Inc. Located in Nevada…


Sullivan resumes Goldstack drilling

Good results are being reported from drilling on Goldstack Resources’ Dubuisson Twp. property with funds provided by Sullivan Mines. Hole 86-18 has returned a 41 ft intersection from 908.5 ft to 949.5…


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