News

Rambo’s drilling extends shear to 330-ft horizon

A mineralized section more than 55 ft wide was intersected in hole 86-2 on Rambo Explorations’ Turgeon property in northwestern Quebec’s Massicotte Twp. The company says the hole confirms the extensio…


Tax Angles AMT effects on flow-through

Bill C23, tabled in the House of Commons on Nov 7, contains measures to implement the alternative minimum tax (AMT) announced in December, 1985. When this bill is passed, the AMT measures will become …


Marcus control goes to private investor

Control of Consolidated Marcus Gold Mines will pass to a private investor, Wilanour Resources says. Wilanour, which has a 65.5% interest in Marcus, agreed to sell the interest for $40,000. Before sell…


COATS Trading Features (December 15, 1986)

Spirit Lake Explorations, which has acquired the old Edwards gold pr operty near Goudreau, Ont., perked up to $1.80-$1.90 after being inactive for a ** number of years. The Edwards claims adjoin the …


Underground work for Eureka Resources

Underground test work including bulk sampling is planned by Eureka Resources for its Frasergold precious metals property in 1987. The company claims that a large diameter drill program this year upgra…


Mining to be conventional at Pegasus’ U.S. project

The Montana Tunnels project will be the first conventional mining operation for Pegasus Gold which has built a solid reputation for processing low grade gold ores by heap leach methods. Located about …


Montreal Exchange Syngold doubles

Wednesday close, Dec 10 Syngold Exploration, criticized here a month ago for spending flow- through money indiscriminately, has proved the value of the tax- incentive scheme with some drill results th…


Deak, major shareholder in Toronto-listed Wilco

One of the oldest companies on the Toronto Stock Exchange has just received a financial shot-in-the- arm that will help accelerate its pace of exploration activity and property acquisition. Wilco Mini…


Significant gold showings claimed by Fairfield Min.

Two excellent gold showings have been found on Fairfield Minerals’ Elk property, not far from Noranda’s Brenda Mines property at Peachland, B.C. According to Fairfield, they occur in a stockwork setti…



Editorial Fix flow-through’s Achilles heel

The following guest editorial from the Prospectors and Developers Association of Canada is based on a brief on flow-through share financing presented recently to the Minister of Finance in Ottawa. The…


Gallagher options Red Lake property

An option agreement has been completed by Gallagher Explorations giving the cimpany the right to earn a 45% interest in seven claims adjoining the Arthur White gold mine near Red Lake, Ont. Known as t…


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