Lac omits stats on Williams mine
Shareholders of Lac Minerals are sure to be pleased by the company’s 1987 earnings of $38.7 million. But when those same shareholders gather April 14 for the company’s annual meeting, there is bound t…
News
Three-day course
A course on the design of natural support for underground mining excavations will be given May 12-24, in French, at the University of Quebec in Abitibi-Temiscaming, located at Noranda, Que. The 3-day …
News in Brief (March 21, 1988)
Mill City Gold has started a surface exploration program on a 68-claim gold property adjacent to its McMillan gold mine prospect 57 miles west of Sudbury, Ont. The company can earn a 58% interest in t…
Tusk Minerals to start drilling in the Wawa area of Ontario
Tusk Minerals reports that a diamond drilling program, involving approximately 2,200 ft of drilling will commence as soon as possible on its Old Cabin gold prospect northeast of Wawa in Jacobsen Twp.,…
Magnacon makes second mine for growing Muscocho group
The Mishibishu Lake joint venture plans to spend $29 million during the next year to develop and put into production a 600-ton-per- day gold mine and mill operation on the Magnacon property about 32 m…
Alberta Stock Exchange Penway loses ground
While big traders like Argus Resources and Penway Explorations lost ground this week, Calgary- based Gold Vessel added an impressive 50 cents to its share price. Gold Vessel, which closed at $1.70, r…
B&B proposes new mine in southern California
A new gold operation, the open pit, heap leach Castle Mountain project, is being proposed in southern California by B & B Mining of Vancouver, B.C. According to a plan of operations filed with the U.S…
Timmins Report Positive results on Puissance
The contribution of flow- through funding for junior exploration programs is still being felt in the Timmins area. One of the more interesting projects is known as the Puissance project of Orcana Reso…
Results in Manitoba encourage Golden Range
A $3-million exploration program at the Hudvam polymetallic property in Manitoba is producing some encouraging results for Toronto- based Golden Range Resources. Located 30 miles northeast of Flin Flo…
Another Carlin strike for Barrick Res.
They may have called it the “Screamer” deposit, but American Barrick Resources has kept very quiet about the latest discovery along the Carlin gold trend near Elko, Nev. While the Toronto company has …
Cusac draws healthy return from B.C. mine
Gold production of 21,840 oz was achieved in 1987 at the Table Mountain project near Cassiar, B.C., according to preliminary data released by Cusac Industries of Vancouver. The mine is operated by Tot…
Editorial No sale for Sudbury slag
You’ve no doubt heard of the “Pet Rock,” which a few years back made a fortune in the U.S. and here for its inventor. As P. T. Barnum said, there’s one born every minute, and we continue to fall for s…