Correction (May 23, 1988)
A story in the May 9 issue describing the Simkar gold project near Val d’Or, Que. failed to mention the company which holds the ground in which Ronrico Explorations has earned a 25% interest. The pro…
Articles by Northern Miner Staff
Muscocho revises Echo Bay deal
In a revised agreement with the Muscocho Group of companies, Edmonton-based Echo Bay Mines (TSE) will pay a premium to gain a major foothold in the eastern Canadian gold industry. But a piece of fine …
Vancouver Stock Exchange Central Crude takes a big jump
It wasn’t the price of gold and it wasn’t drill results. Central Crude jumped $1.29 to close at $4.15 after touching a year-high of $4.25 this week on volume of more than a million shares on news that…
Gordex to test mine potential
A 30,000-ft program is planned to test the underground mining potential of a wide gold zone, discovered earlier this year (N.M., Feb 29/88), about 1 km north of the open pit gold mine at Cape Spencer,…
Glen Auden/Mineta drilling completed
A 36-hole overburden drill program has been completed at the joint venture between Glen Auden Resources (TSE) and Mineta Resources (VSE) in Massicotte Twp., Que. Twenty-four of the holes contained gra…
Acadia/Hecla deal signed
An agreement between Toronto- listed Acadia Mineral Ventures and the Canadian subsidiary of Idaho- based Hecla Mining was signed this week. Over the next three years, the agreement could give Acadia a…
Brenda quits oil, seeks other interests
It’s probably safe to say the demise of Brenda Mines (TSE) has been greatly exaggerated. The low grade copper producer near Peachland, B.C., has endured two mine closures in recent years and it only r…
News in Brief (May 23, 1988)
Argo Development has changed its transfer agent to Guaranty Trust Co.
Seminar on ground control at Laurentian University
A professional development seminar on rock mass failures in hard rock mining will be held June 1-3 at Laurentian University, Sudbury, Ont. The seminar will run in conjunction with a Canadian mining an…
Echo Bay earnings
Net earnings of $10.9 million(US), or 11 cents per share, were reported by Echo Bay Mines (TSE) for the first quarter of 1988, compared with $8.1 million, or 9 cents per share, for the same period la…
Queries Kodiak no longer at Copperkettle Creek
It is my understanding that there is a lot of prospecting going on in the Copperkettle Creek area near Greenwood, B.C. As a former shareholder in Kodiak Minerals, I would like to know whether Kodiak…
Belmoral Mines looks ahead to improved gold output
Although Belmoral Mines (TSE) had record earnings in 1987, both income and production were lower than expected. The company continues to look ahead, and is projecting gold output of 97,000 oz in 1990….