News in Brief (March 07, 1988)
Atlas Yellowknife Resources has changed its name to PanAtlas Energy Inc. (pa:tse) on a 1-new- for-12-old share basis.
News
Gateford drills strong hole
A strong drill intersection has been completed by Gateford Resources on the company’s Cooper gold property. Located 10 miles northeast of Madoc, Ont., the property was partially developed by a shaft i…
Books A rags to riches saga
Rags to riches stories are not uncommon in the mining business, but few will match the feeling related in Silver Threads Among the Gold. Graphically told by author Mike Macbeth, it’s the Agnico story …
Copper industry is ready to reap reward of restructuring
There is no question but that virtually all sectors of the copper business are enjoying good times today after what were, for the producers, some pretty tough years. But as a direct result of those di…
Imperial Metals
Imperial Metals reports net income for the 9-month period ended Dec 31 of $766,000 or 4.5 cents per share on revenues of $2.7 million. This compares to a loss of $54,000 or 1.4 cents per share after…
Aur’s Hewfran bet looks promising
On the verge of becoming a gold mining company, Aur Resources of Toronto could become a larger concern much sooner than previously thought possible, the company says. That was the latest news from Aur…
Golden Zone and City Resources negotiate Alaskan joint venture
Negotiating for joint development of its Golden Zone property in south central Alaska, Golden Zone Developments has signed a letter of intent with United Pacific Gold Ltd., a private company partly ow…
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…
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…