Micham program encounters gold
Over 600 ft of underground decline has been completed at Mono Gold Mines’ (VSE) Bannockburn property near Madoc, Ont. Micham Exploration (VSE) has an option to earn a 51% interest in the project for a…
News
Abitibi Metals defining zone
A zone 1,100 ft long and about 1,500 ft deep has been defined on the Jolin gold property in Carpentier Twp., located about 30 miles northeast of Val d’Or, Que., Abitibi Metals Mines (ME) reports. Amon…
Northgate, Audrey team up to expand Mobrun operation
Toronto-based Northgate Explorations (TSE) has dipped into its treasury for the fourth time this year to pick up a 20% interest in Audrey Resources (TSE) of Rouyn- Noranda, Que. Under an agreement, No…
Exploration planning keeps Lac ahead of game
With gold production last year of 306,000 oz and earnings nearly triple what they were in 1986, Lac Minerals (TSE) isn’t about to forget the value of field work in uncovering new deposits. “Our explor…
Letters to the Editor Corrects Siscoe story
I read with great interest W. Babe Woollett’s April 11 “Odds ‘n’ Sods” article in The Northern Miner on the demise of Joe Siscoe. I knew Joe Siscoe and he was not a prospector. His brother, the late S…
Overcomss problems Gags gts gold from Crofoot
Viewing the finished product is always the highlight of any new mining operation whether it be base or precious metals. And it wasn’t any different for the “official” gold pour at Hycroft Resources & …
Denison plans extensive test of Creede, Colorado property
A deep drilling program is planned on Sutton Resources’ (VSE) Creede, Colo., silver prospect following an option agreement with Denison Mines (TSE). Denison has an option to earn a 55% interest in the…
Editorial Making use of the land
It’s not likely that conflicts over land-use policy will ever be resolved. The debate about how strict regulations should be governing extraction of natural resources on public land will always be in …
Alberta Stock Exchange Baslen leads again
For the third week in succession, investors placed their bets on International Baslen Enterprises’ 3,000- acre gold property in the heart of Val d’Or Que. With established reserves in place and explor…
Ennex’s 1987 revenues up despite mine interruption
Despite a work interruption at the Little Bald Mountain mine in Nevada, higher gold prices enabled Ireland-based Ennex International to report a slight increase over 1986 revenues. Ennex holds a 22% i…
INSIDER TRADES (April 18, 1988)
Bachelor Lake Gold — Quebec Sturgeon bought 25,000 to hold 3,866,666. Brenda — Noranda bought (private) 29,478 to hold 2,340,020. Canadex — J. Riddell bought 60,000 to hold 152,000. Carolin — J. B…
Conwest, Faraday, MRI report healthy earnings
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…