Canamax reports higher revenues
Gold production from three new Canadian gold mines was reflected on Canamax Resources’ (TSE) recent financial results. The company reported that revenues for the three months ended Sept 30, increased …
News
Uranium Resources Signs New Sales Contract
A long term contract with a major U.S. electrical utility is expected to generate revenues of about $45 million(US) for Uranium Resources (VSE), which produces uranium in South Texas using low cost in…
High grade sulphides found at Stratabound’s CNE bet
Drilling will begin soon to establish the continuity and grade potential of a high grade zinc-lead-silver discovery reported by Stratabound Minerals (ASE) at its CNE property near Bathurst, N.B. Massi…
Black Swan Drilling Tas Property
As long as winter holds off, Black Swan Gold Mines (VSE) intends to continue drilling the Tas property near Fort St. James, B.C. in order to test continuity of gold mineralization in three fracture an…
Equinox to earn interest in massive sulphide project
An extensive metallurgical and underground evaluation program initiated by Equinox Resources (TSE) is now in progress on a polymetallic massive sulphide arsenical gold deposit located 32 km north of R…
Blackdome earns $2 million
A net income of $2 million or 24 per share has been reported by Blackdome Mining (TSE) for the first nine months of 1988. This compares with $5.1 million or 61 for the same period a year ago. The com…
Granges drilling on Giant Gripp
Drilling by Granges Exploration (TSE) on the Giant Gripp base metals deposit in Ontario has yielded one of the best intersections yet from that deposit. A Granges spokesman confirmed that the company …
American Barrick reports 9-month earnings increase
A 33% increase in production from seven gold mines has enabled American Barrick Resources (TSE) to report record third-quarter and 9-month earnings. The Toronto company increased its gold production t…
Obituary (November 21, 1988)
George Goldak, president of Golden Marlin Resources, died suddenly in a recent accident in Saskatoon. He was 51. Born in Prince Albert, Sask., on Dec 12, 1936, Dr Goldak attended the University of Sas…
Hillsborough completes program at Mount Slocomb
An aggressive exploration approach is being taken by Hillsborough Resources (TSE) on its Mount Slocomb property in northern British Columbia. The company recently completed a field program under the d…
Orex updates reserves
A detailed drilling campaign is planned by Orex Exploration (ME) for the Goldboro property in Nova Scotia; Orex is earning a 50% interest in the project from Onitap Resources (TSE). Probable and possi…
Cannon Mine Boosts Breakwater’s Earnings
Forward sales and higher grades of ore processed at the Cannon mine contributed to a substantial increase in net earnings for Breakwater Resources (TSE) for the nine months ended Sept 30. The company …