CIM awards
Donald McLeod, president of the Northern Group of companies (Northair Mines, Scottie Gold Mines, Newhawk Gold Mines) is the 1987 winner of the District 6 proficiency medal of the Canadian Institute of…
News
Revival in works for Hubert Lake
The new owner of Hubert Lake Ungava Nickel Mines has plans to revive the dormant mining company which was chartered in Quebec in 1957. Hubert Lake has been under a cease-trading order since May, 1985,…
Cheni doubles gold reserves at Toodoggone
Gold reserves at the Lawyers property have been almost doubled, project operator Cheni Gold Mines says. Located in the Toodoggone area of north central B.C., the property is being readied for producti…
Equity Silver profits higher
Profits for the first nine months for Equity Silver Mines rose to $3,916,000 or 13 cents per share on revenues of $60,593,000. This compares to a loss of $583,000 or 2 cents per share on revenues of…
Jonpol, T & H finish 18 holes
Partners Jonpol Explorations and T & H Resources have completed 18 diamond drill holes on their property 20 miles east of Matheson, Ont. Located in Garrison Twp., the property is being explored by thr…
Nevada, Noranda make significant find
The Grew Creek discovery of Noranda Exploration and Golden Nevada Resources appears to be the most significant gold discovery in the Yukon Territory in many years. And for Murray Pezim, Golden Nevada’…
Tusk in Cape Breton
Tusk Minerals has acquired a 100% interest in a 61-claim gold property on Cape Breton Island, N.S. Located 18 miles south of Sydney in the French Road area, the property was last explored more than 30…
Alberta Stock Exchange Del Rio diversifies
After weathering the October stock market debacle with its share price relatively unscathed, Calgary- based Del Rio Resources seems to be gaining some momentum again. The issue was up $1.38 to close a…
Redpath marks 25th anniversary
One of North America’s largest mining contractors and consulting engineers, J. S. Redpath, North Bay, Ont., recently celebrated a quarter century of service to the mining industry. In Canada alone, th…
Sydney crash batters stocks but Bain & Co. undeterred
If you think North American markets have been battered, take a look at the Sydney Stock Exchange where share values have depreciated by almost 50% or about $100 billion since the Oct 19 market crash. …
Novamin’s fiscal year-end to correspond to Breakwater
Following the recent takeover of Novamin Inc. by Vancouver-based Breakwater Resources, the former company has set a new date to end its taxation year. Before the takeover, Novamin’s fiscal year-end wa…
Montreal Exchange MSV among movers
Gains early in the week gave way to negative values on the Montreal Exchange, where light trading volumes continue to be the order of the day. The mining and minerals index managed to close ahead on t…