Malartic earnings
Third-quarter net income of $199,645 (4 cents per share) on revenue of $2.5 million was reported by Malartic Hygrade Gold Mines (Canada) (VSE), compared with $39,396 (1 cents per share) on revenue of…
Articles by Northern Miner Staff
Coughlan hearing scheduled for Jan 22
The Ontario Securities Commission has issued a notice of hearing to Terence Coughlan to appear before the commission Jan 22. The notice refers to allegations that Coughlan, as president of Seabright R…
Teck to drill Iron Mask
A reverse circulation drill program by Teck Corp. (TSE) is planned for the Iron Mask copper-gold project 20 km west of Kamloops, B.C. As operator, Teck can earn a 50% joint venture interest in the 4,5…
Mono seeks funds for gold property
A $1.7-million exploration program has been recommended for Mono Gold Mines’ (VSE) Bannockburn gold project, in Madoc Twp., north of Belleville, Ont. The Vancouver-based company has been exploring the…
Professor preparing environmental report
Toronto-based Consolidated Professor Mines (TSE) hopes to complete an environmental assessment report sometime next year for its proposed Duport gold mining operation at Shoal Lake near Kenora, Ont. L…
Cominco signs agreement on Quebrada Blanca
A definitive agreement has been signed for the development of the Quebrada Blanca copper deposit in northern Chile. As reported (N.M., Aug 28/89), the agreement provides for the formation of a company…
Black Swan dives
Net earnings for the six months ended Sept 30 dropped sharply for Black Swan Gold Mines (VSE), from $532,000 last year to $34,000 this year. Cash flow after non-cash working capital items was $208,000…
Westmin calculates reserves at Debbie and Yellow properties
Geological mineral inventories have been calculated by Westmin Resources (TSE) for the Debbie and Yellow gold exploration projects near Port Alberni on Vancouver Island. The Debbie is a joint venture …
McNickel’s Lac St. Jean prospect is uneconomic
The story of McNickel Inc.’s (COATS) copper-nickel exploration project at Lac St. Jean, Que., has ended in disappointment. The McNickel discovery, which earlier this year touched off a staking rush in…
Scintilore Trio hit gold at Carlin bet
Anomalous gold values at shallow depths have been encountered on a group of Carlin, Nev., properties held jointly by partners Trio Gold (ASE) and Scintilore Explorations (TSE). The two companies curre…
Black Gregor cuts low gold values on Marathon property
Preliminary assay results from Black Gregor Explorations’ (COATS) 255-claim property near Marathon, Ont., have returned low- grade gold values in four of seven widely spaced holes. The company plans t…
Rogi option
An option has been acquired by Exploration Rogi (ME) of Val d’Or, Que. to acquire 28 claims in Villebon Twp. from Raymond Houle and Gustave Cere. To earn its title, Rogi must spend $100,000 on explora…