News


Six-mopnth earnings down for Westmin

Continued weakness in metal prices and sharply lower oil prices are the main culprits behind the sharp drop in net earnings posted in the 6-month period ended June 30 by Westmin Resources.


More work on Adams Plateau

Izone International, one-third partner on the Adams Plateau joint venture, with Clifton Resources and Adams Exploration reports continuing exploration. Diamond drilling has tested one of four anomalou…


People (September 01, 1986)

GLAMIS GOLD — Andrew Milligan has resigned as president and James Carter as vice-president and chief financial officer.



Obituary David Thornsteinson

Beardmore prospector killed in accident A highly regarded independent prospector who never lost his faith in the Geraldton-Beardmore gold area which he so proudly made his home for 25 years, David Tho…


Nickel

The price of nickel, which was down around $1.70(US) a lb at presstime, will probably drop to $1.50 a lb, knocking off a lot of production capacity, market analyst Ilmar Martens said in a panel discus…


Oracle Resources begins exploration in Pickle Lk.

Exploration has begun on two of Oracle Resources’ four gold properties in the Pickle Lake and Opapimiskan Lake areas of northwestern Ontario. Results of airborne EM and magnetic surveys carried out ea…



Sherritt spending $5m. to modify coin plant

A $5-million modification program is under way at Sherritt Gordon Mines’ coin blank plating and processing facility at Fort Saskatchewan, Alta., in readiness to fulfil its recently signed contract wit…