Pegasus Gold posts nine-month profit
Higher gold prices and increased production are the main reasons behind the positive financial statements posted by Pegasus Gold Corp. in the latest 9-month period. The company realized a net profit o…
News
A letter of intent has been signed between Covington Springs
and New Horizon Manufacturing. The deal, if completed, will result in control of Covington passing to New Horizon. In return for paying New Horizon 4.4 million shares, which is equivalent to 81.1% of …
Rule delay on asbestos criticized by institute
The U.S. Environmental Protection Agency says it is revising the studies on which its original proposal to ban the mining and use of asbestos was based. But the cost of the studies and the time requir…
Feasibility study started for Black Swan gold bet
A mining feasibility study is being prepared for Black Swan Mines’ Gabanintha project in Western Australia with a view to putting it into production by mid-1987. Arthur T. Fisher, president, says the …
Platinum glint catchs Heenan Senlac’s eye
The glint of platinum has caught the eye of Heenan Senlac Resources. The junior company has acquired two claim groups in the Lac des Iles area, north of Thunder Bay, Ont. Lac des Iles has become a pr…
Card Lake Copper Mines has amalgamated with Mission Harker (November 17, 1986)
Matona Resources and has been renamed Card Lake Resources. The outstanding capital is 2,535,207 common shares. As part of the amalgamation, the shares of Card Lake Copper were consolidated on a one-fo…
Correction Noranda Exploration
Contrary to an article in the Nov 3 issue of The Northern Miner concerning Total Erickson Resources and the Dome Mountain precious metals property in B.C., Noranda Exploration did not set up a numbere…
Silverside finds gold-bearing zone at Garrison Twp.
A new gold-bearing zone has been discovered on its Garrison Twp. gold property in northeastern Ontario, reports Silverside Resources. And on its Cobalt silver property work is continuing toward an ear…
United Reef/Canhorn form joint venture
A joint venture has been formed by United Reef Petroleum and Canhorn Mining Corp. to further explore the latter’s Baird Twp. property in the Red lake area of Ontario. Under the terms of the agreement,…
Hydra’s Johnsby property possible heap leach mine
An option deal has been completed between Hydra Explorations’ 50%-owned affiliate Johnsby Mines and a private company concerning Johnsby’s gold property in the N.W.T. Discovery Mines holds the remaini…
Big leap in tons, grade reported at Skyline bet
British investors are reported to be at least partially responsible for the heavy trading activity and price appreciation in Skyline Explorations. The stock has been a real mover lately and indeed The…
The common shares of Pure Gold Resources were posted for trading
Toronto Stock Exchange under the stock symbol PUG on Nov 12. The listing covers 10.5 million common shares of which 2.8 million are issued and outstanding and 7.7 million are reserved for issuance. Th…