Chapleau focuses on Purcell area
An exploration program is planned this year by Chapleau Resources on ground it holds in the Purcell mining camp of southeastern, British Columbia. The program, which could involve about 12,000 ft of d…
News
Lornex profits up
Profits keep climbing for Lornex Mining Corp., which reports 1987 earnings of $44 million, or $5.32 per share, up 61% from $27.3 million or $3.30 per share in 1986. Revenue rose to $209.3 million from…
Governments cooperate for B.C. mineral development
The Mineral Development Agreement (mda) between the governments of Canada and British Columbia is at the mid-point of its 5-year (1985-1990) term. It is, therefore, a natural time for review. Briefly,…
B.C. and Yukon had a good year
The level of exploration activity in British Columbia was up sharply last year, according to the B.C. & Yukon Chamber of Mines. Charles A. Aird, president, told the chamber’s annual meeting that 1987 …
Amir, Normine, Glamis form company for Idaho production
Joint venture partners Amir Mines, Normine Mines and Glamis Gold have agreed to form a new operating company, Idaho Gold Corp., to develop two Idaho heap leach properties. The new company will be own…
Homestake joins Pacific Sentinel
A joint venture agreement between Pacific Sentinel and Homestake Mineral Development gives the latter the right to earn a 60% interest in the Churchill gold project located 38 miles west of Churchill,…
Ok Tedi is marginal
OK Tedi Mining Limited has been dogged by misadventure. No one foresaw the hazards of building a mine so inaccessible, cursed by such a wretched climate, with an annual rainfall of eight to nine metre…
High River has successful drill program at Snow Lake
A successful 10-hole drill program has been completed by High River Resources at Nor-Acme Mines’ former producing property near Snow Lake, Man. The mine is being dewatered prior to continuing explorat…
Producing mines, exploration help boost economy of N.W.T.
What the Northwest Territories lack in people is more than made up for in size and abundance of natural resources. The sparcely- populated territories, claiming some 34% of Canada’s land mass, played …
Bishop Mintek re-open B.C. mine
Two Vancouver-based companies, Bishop Resources Development and Mintek Resources, which are in the process of merging have re- opened a small silver-gold-lead-zinc mine near Smithers, B.C., which last…
Financing of new mines theme of PDAC convention
The Prospectors and Developers Association of Canada (pdac) has chosen a timely theme for its convention in Toronto this year: Financing — the key to new mines. With the future of flow-through financ…
Quebec plans to introduce new explorer incentives
The province of Quebec started the resurgence in exploration when it introduced its Quebec Exploration Account dedution back in 1980. The federal government brought in the Mining Exploration Depletion…