Micham gets option from Mono]]
Micham Exploration has signed an agreement with Mono Gold Mines giving it the right to earn a 51% interest in Mono’s Bannockburn gold property by buying 350,000 Mono shares at 72 cents per share plus…
News
Newhawk releases program results- 1 col 18TR
A total of 35,000 ft of surface diamond drilling has been completed this year by Newhawk Gold Mines on its Sulphurets project north of Stewart, B.C. The company recently obtained approval to increase …
Tap’s U.S. subsidiary in Golden Chest venture
British Columbia-based Tap Resources has entered a joint venture project at its Golden Chest project with Newmont Exploration, Golden Chest Inc. and Viking Resources. Due to B.C. tax laws which allow …
Noranda gold find on Destiny claims
Drilling by Noranda Exploration on a property shared with Destiny Resources has intersected a gold mineralized zone 65 miles east of Timmins, Ont. Known as the Windjammer project, the property covers …
Brenda improves profit (November 16, 1987)
Stronger copper and molybdenum prices were cited as the reason behind improved earnings at Brenda Mines. The company, which operates a large copper-moly mine in British Columbia, realized net earnings…
Novagold drilling
NovaGold Resources has started drilling the first of two deep holes on its Fifteen Mile Stream property in Halifax Cty., N.S. The first hole is targeted for a depth of 1,600 ft and the second will go …
Tashota-Nipigon raises funds]]
Tashota-Nipigon Mines has reached five separate agreements with various limited partnerships in order to raise up to $4,175,000 for exploration. In return the company will issue about 1.7 million flow…
Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
Correction (November 09, 1987)
Contrary to what was reported in our issue of Oct 19, Tony H. Ransom is president of Pamorex Minerals Inc.
Lornex ups earnings
Lornex Mining Corp. realized net earnings of $26.8 million or $3.25 per share for the 9-month period ended Sept 30. During the same period last year, the company earned $20.1 million or $2.43 per shar…
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …