Sunrise to drill N.S. gold bet
Diamond drilling is scheduled to get started before the end of January on the 9,300-acre Beaverdam gold property of Sunrise Metals Corp. in Nova Scotia, according to President Anthony Rich. This lies …
Articles by Northern Miner Staff
Lacana’s profit without Mascot lower in 1987
Earnings of $10.3 million (52 cents per share), before extraordinary items, for the nine months ending Sept 30, 1987, were recorded by Toronto-based Lacana Mining. Net earnings for the same period, af…
Nickel Plate’s third life boosts Mascot
The third era of production from the historic Nickel Plate mine at Hedley is proving profitable for Mascot Gold Mines. The new British Columbia gold producer, owned 50% by Lacana Mining, expects to pr…
Drilling by X-Cal
X-Cal Resources (xcl:tse) has commenced a winter diamond drilling program on its Snowbird property near Fort St. James, B.C. The program will continue for approximately five weeks. Current plans call …
Gunnar drill program
A 10,000-ft drilling program has started on the Courageous Lake property held by partners Gunnar Gold and Mill City Gold. Located in the Northwest Territories, the 7,333- acre property is located near…
Mid-North, Granges deal in Manitoba bet
Mid-North Resources has optioned Granges Exploration’s Gurney gold mine property in Manitoba. Located east of Flin Flon, the Gurney mine produced 25,000 oz of gold and 71,000 oz of silver from 1937-19…
INVESTMENT COMMENT Westley’s portfolio of Nevada properties adds
Just as the Nevada gold region is becoming the talk of the North American mining industry and the subject of a number of investment reports, Vancouver-based Continental Carlisle Douglas has published …
Corona completes Prime Capital deal
Announcing completion of an approximate one-third voting and equity position in Prime Capital Corp. of Vancouver was International Corona Resources of Toronto. The purchase price consisted of five mil…
Copper, gold should boost Teck’s earnings in 1988
Norman Keevil Jr. took the podium at Teck Corp.’s annual meeting, apologized for the noises coming from the Ontario Fruit and Vegetable Growers’ Association in the next room, and proceeded to tell sha…
St. Genevieve options Marshall property
An agreement has been reached between St. Genevieve Resources and Marshall Minerals whereby St. Genevieve has acquired an option to earn a 30% interest in the contiguous Carshaw-Malga properties near …
Australia’s Western buys TSE’s Western
An Australian company, Western Mining Corp., has made a $101-million takeover offer for Toronto-based Western Goldfields whose principal asset is the Hog Ranch mine in Nevada. In the past month Wester…
Jascan, Novamin get results from Dufferin bet in N.S.
Assay results from the first 13 holes of a 25-hole program on the Dufferin mine property in Nova Scotia, have been recieved by joint- venture partners Jascan Resources of Toronto and Novamin Resources…