Aber and Hemisphere drilling NWT prospect
Joint venture partners Aber Resources and Hemisphere Development have resumed drilling their Sunset Lake polymetallic project located 70 miles northeast of Yellowknife, N.W.T. Encouraged by initial dr…
News
Equity Silver profits higher
Profits for the first nine months for Equity Silver Mines rose to $3,916,000 or 13 cents per share on revenues of $60,593,000. This compares to a loss of $583,000 or 2 cents per share on revenues of…
Kidd Creek facing charges of environment violations
Although it claims to be North America’s lowest sulphur dioxide emitter, Kidd Creek Mines is facing charges relating to alleged violations of the Environment Protection Act. The charges follow a raid …
Industry profits near 1979-80 levels
Although base metal prices, in real terms, remain significantly below those prevailing during 1979-80, the rise in prices this year has restored industry profitability to levels approaching those earl…
United Minerals explores newly aquired BC claims
Preliminary work is under way at Canadian United Minerals’ recently acquired Fireweed polymetallic prospect 10 km west of Noranda’s Bell mine in central B.C. Trenching and sampling, along with geologi…
Jonpol, T & H finish 18 holes
Partners Jonpol Explorations and T & H Resources have completed 18 diamond drill holes on their property 20 miles east of Matheson, Ont. Located in Garrison Twp., the property is being explored by thr…
Australia closing in on Canada’s gold output record
From a standing start five years ago, Australian gold production has increased dramatically. Indeed, the country is now challenging Canada’s third-place position among Western gold producers — the No…
Freeport-McMoRan boosts earnings
Third-quarter net earnings of $7.3 million(US) (18 cents per share) were reported by Freeport-McMoRan Gold compared with $4.5 million (11 cents per share) for the same period in 1986. Revenues during…
Nevada, Noranda make significant find
The Grew Creek discovery of Noranda Exploration and Golden Nevada Resources appears to be the most significant gold discovery in the Yukon Territory in many years. And for Murray Pezim, Golden Nevada’…
Toronto Stock Exchange Traders unimpressed with budget deficit
A four-day winning streak on the tse during our review week was snapped by a 43.86-pt loss yesterday. Today, the composite index perked up, adding 11.35 pts to close at 2,922.67 pts. The generally slu…
First-phase work is completed on Golden Shadow bet
A phase I exploration program has been completed by Quinterra Resources and Pure Gold Resources on the Central Patricia property of Golden Shadow Resources at Pickle Lake, Ont. Elliott Rosenberg, pres…
All-North shareholders approve Galactic deal
Shareholders of All-North Resources have approved an agreement which gives Galactic Resources a 64% control position in their company. All- North will issue approximately 6.7 million shares to Galacti…