Queries Assets of Corona Mines acquired in 1930
Would you please provide some information on the current status of Corona Mines Ltd. As a holder of a Corona stock certificate dated Feb 24, 1928, I wonder if it’s worth anything? N.W. Elliot Lake, O…
News
Marker, Varna begin $2.5 m drill program (November 23, 1987)
Marker Resources and partner Varna Resources have started a $2.5- million diamond drilling program on projects in Newfoundland and Manitoba. Varna and Marker plan to amalgamate shortly. In Newfoundlan…
Ontex, Noranda making similar claims
Two lawsuits involving members of the mining community currently under way revolve around claims of withheld information. In the more recent of the two lawsuits, Noranda Inc. is suing Agnico-Eagle Min…
QUERIES Fort Knox report due next month
As a regular subscriber to The Northern Miner, and a registered shareholder of Fort Knox Gold Resources, I am curious to know why I have not received an interim report from the company. Rumor has it t…
Morono exploring two properties
An exploration program by Morono Mines is under way on two properties in northwestern Quebec, the Verneuil and Dufay, the company reports. The work is to be completed by late winter, 1988. Six drillin…
Gold thieves still sought
At presstime, Ontario and Quebec Provincial police had still not caught up with the thieves who some weeks ago robbed the Virginiatown, Ont. gold mine of Golden Shield Resources. The bandits made off …
Audrey enters first quarter in the black
After successfully bridging the gap separating explorers from production companies, Rouyn- Noranda, Que.-based Audrey Resources has reported positive net earnings results for its first quarter as a Ca…
Vancouver Stock Exchange The Pez is back with a bang
Looking at market activity in Vancouver this week, it’s safe to say “The Pez” is back. He’s been keeping a relatively low profile in the past year for personal and business reasons. Two discoveries, o…
Demand, low inventories send copper prices flying
When copper producers in the future look back at 1987, they will probably do so with some fondness. Steadily rising prices this year have seen the base metal touch $1.25(US) per lb on the London Metal…
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…
Glamis profit hurt by court decision
A lawsuit which went against Glamis Gold hurt the company’s bottom line for the fiscal year ended June 30. For the period, net earnings totalled $429,538 or 3 cents per share compared to earnings of …
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,…