Duration, Thor sign agreement for exploration
A letter of agreement covering exploration of 48 claims in the Bamoos Lake area in northern Ontario has been signed by Duration Mines and Thor Lake Explorations. The property, located about 40 miles n…
News
Placer Gold largest contributor to Placer’s ’86 earnings
Reflecting the sale of a 21.4% interest in an Australian subsidiary, Placer Development reported net earnings of $70.3 million or $1.59 per share in 1986 compared to $35.3 million or 82 cents per shar…
Queries Interquest busy on both sides of border
I heard that Interquest Resources is doing some work in Arizona. What’s the story? I.M. Toronto Your information is quite right. Last summer Interquest Resources entered into an agreement with Stan We…
EXPLORATION ’87 DOME
The Dome Mines Group’s basic mineral exploration budget for 1987 will be $14.2 million, compared to about $13 million in 1986. The group will contribute an additional $700,000 to a proposed $2-million…
Teck/Corona mining to the max in Hemlo
It’s full steam ahead in 1987 for the Teck/Corona gold project here in the booming Hemlo camp. Though still in the development stage, the David Bell mine is already contributing to Teck’s and Corona’s…
People (February 23, 1987)
ST. JOE GOLD CORP. – John A. Wright elected chairman succeeding Peter J. Neff who has resigned.
Report from Calgary Dawson Eldorado options Nevada bet
Results of a diamond drilling program on the Lone Star gold property near Dawson, Yukon Territory, have been announced by Dawson Eldorado Mines. The program, operated by Arbor Resources, was conducted…
Dickenson profit up
Dickenson Mines realized earnings before extraordinary item of $4.1 million or 36 cents per share in 1986. This compares to earnings of $1.7 million or 16 cents per share realized in 1985. After an …
Four Seasons
Four Seasons Resources has negotiated a $100,000 flow-through share financing which will be used to fund exploration at its Nova Scotia gold property. The company has ground adjacent to and on strike …
Goldex hopes to complete mine evaluation this year
Goldex Mines is hoping to complete an initial underground evaluation at its gold property by mid- year, the company says in its annual report to shareholders. Located in Dubuisson Twp., Que., the prop…
Letter to the Editor Merrithew offers flow-through figures
I have read with interest your article in the Dec 15 issue of The Northern Miner (“Merrithew urges support of flow- through program”) and I am pleased to see that you have taken my message to the wid…
Lac signs agreement with union at Doyon
A 3-year collective agreement has been signed between Lac Minerals and the United Steelworkers of America local 9019, which represents hourly employees at the Doyon gold mine, in Quebec. Owned equally…