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…
News
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 …
Editorial The Saskatchewan-China connection
The story of an overnight success that took years of effort is one that’s well known in the mining industry. A discovery, for example, must appear to many outside the industry as something that happen…
Westfield Minerals steps up drilling
Westfield Minerals has accelerated a 30,000-ft drilling program on its Big Island Lake massive sulphide discovery near Flin Flon, Man. Deep drilling is being concentrated on two massive sulphide zones…
Nortek drilling in Kirkland Lake
Nortek Minerals is continuing drilling on claims in the Kirkland Lake area of northeastern Ontario held by Shenandoah Resources and Miller-Independence Mining. To date 13 holes have been drilled for a…
Lencourt, Glencairn in a joint venture on Ontario gold bet
Exploration, to include ip surveys and diamond drilling, will start immediately to confirm and extend the mineralized zone discovered in the 1940s on the Goodfish property in Ontario’s Kirkland Lake c…
Mining industry plans increase in capital spending
Canadian businesses, including mining, expect increased profits and capital spending in 1988 over 1987 levels, according to a survey undertaken by the federal Ministry of Regional Industrial Expansion…
Monicor announces encouraging results
Drilling on the Monique property located east of Val d’Or, Que., has totalled 67 holes representing 15,000 m to date, Monicor Exploration reports. Three gold-bearing zones identified on the property, …
Calcium producer stocks equal to one-year demand
Producer stocks of calcium metal in 1987 were apparently equal to one year’s world demand or just under 2,000 tonnes, according to Roskill Information Services, a U.K.-based company specializing in mi…
Golden Star and Giant to explore Guyana bets
Joint venture partners Giant Resources of Australia and Edmonton-based Golden Star Resources say they will spend $2 million to continue exploration on three Guyana gold properties. Previous exploratio…
Cliff acquisitions in Arizona area
Cliff Resources has made two property acquisitions covering 14,000 acres near Yuma, Ariz. The ground is on the Mesquite-Picacho trend, a gold mining area producing more than 175,000 oz of gold per yea…
Canreos fortunes looking up under Belmoral Mines’ wing
Belmoral Mines, which has taken Canreos Minerals (1980) Ltd. under its wing and now holds a direct 40% share interest, has turned that junior firm into an active exploration company. And it now enjoys…