Noranda results from B. C. bet
Noranda Exploration has announced assay results from three holes at Banbury Gold Mines’ Hedley property in south-central British Columbia. A 133-ft intersection in hole 87-13 graded 0.11 oz gold and t…
News
Granges options Almaden’s claim
Granges Exploration has optioned Almaden Resources’ Wampum claim block in southeastern Manitoba. The block comprises about 260 sq mi and covers the southwesterly extension of the Wabigoon greenstone b…
About-face into the black is achieved by Pine Point
Pine Point Mines, which lost $9.8 million in the first half last year, has completely reversed its fortunes in the similar period this year, with reported net earnings of $10.8 million. The profit thi…
Mineral Res. completes issue
Mineral Resources International has completed the issue of $24,450,000 of 6.75% convertible subordinated debentures by way of private placement through Sprott Securities. The debentures have a 10-year…
Goldstake plans tailings project
A tailings project to recover gold by heap leaching is being pursued by Goldstake Explorations in South Dakota. Goldstake’s U.S. subsidiary has entered into a proposed joint venture with Strawberry Hi…
Beaver Creek acquires option in old producer
A privately-held Montreal firm, Beaver Creek Goldfields, has acquired from its major shareholder, the American company Beaver Creek Explorations U.S.A., the rights to an agreement with Mesa Silver Cor…
Underground program near at Regional’s Midway bet dd
A $10-million underground program could begin later this year at Regional Resources’ Midway property on the B.C./ Yukon border. President Graham Farquharson emphasized at the annual meeting that under…
Canadian gold production jumps almost 20% in ’86
Production of metals, non- metallics and structural materials in Canada was worth $15.6 million in 1986, up slightly from the 1985 record value, the Mining Association of Canada reports. Last year was…
Drilling resumes at Bugow project
Drilling has resumed on Aber Resources’ Bugow joint venture gold prospect at Russell Lake, N.W.T. New York-listed Freeport- McMoRan Gold is currently earning a 51% interest in the 10,000-acre proper…
Echo Bay Kettle River bet heading for production
With four gold deposits already discovered, it’s not surprising that Echo Bay Mines has put its Kettle River project in Washington State on a fast track to production. Vancouver- listed Gold Texas Res…
Investment Comment London analysts like American Barrick
Flush with cash and waiting for increased production from some of its key properties, American Barrick Resources is a company which has caught the eye of London, England-based Barclays de Zoete Wedd R…
Rio Algom reports earnings decline
Potash problems combined with lower uranium prices were responsible for a drop in Rio Algom’s net earnings for the first six months of 1987. Rio Algom reported unaudited consolidated net earnings of $…