News

Silver production a go at Hellens- Eplett mine

Way back in late 1979, Toronto- listed Silverside Resources started working a high grade silver prospect in the famed Cobalt area of Ontario. Now eight years and about $5.5 million later, the company …


Beaver lists on TSE

The shares of Vancouver-based Beaver Resources were posted for trading on the Toronto Stock Exchange under the stock symbol “bgi” effective April 27. The original listing is in the mining category for…


Barrick drilling hot at Goldstrike

Deep drilling at the Goldstrike property in the Carlin gold belt area of Nevada by operator American Barrick Resources continues to produce significant results. Six holes have been completed since tha…


Skyline has new subsidiary

Skyline Explorations has incorporated a new subsidiary to hold its Inel claim group, situated near the company’s proposed mining operation in the Johny Mountain area north of Stewart, B.C. The subsidi…


Production rate goes up at Pioneer’s Puffy Lake

Ore reserves have nearly doubled at Pioneer Metals’ Puffy Lake gold project and with this increase comes an expanded mill throughput to 1,000 tons per day. As a result of a recently completed diamond …


Westar has quarter profit, gears for a tough market

Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …


Aussies give Cdn junior a facelift

Shareholders of Vancouver-listed Consolidated Reactor Uranium Mines have approved the take-over of their inactive, indebted company by Mineral Commodities Limited Group (mclg), formerly Woodsreef Mine…


Vancouver Stock Exchange Index flirts with 2000 mark

For the first time ever, Vancouver’s market index breached the 2,000 mark although it’s dropped back slightly and is now hovering around 1990. Trading volume has slipped somewhat but it’s still heavy …


United Keno has near-million loss in quarter

A loss of $961,000 or 30 cents a share is reported by United Keno Hill Mines for the 1987 first quarter. It compares with a loss of $697,000 or 24 cents a share in the similar period last year. The c…


Core Energy drops La Ronge option

Vancouver-listed Core Energy Corp. intends to drop its option on the 15,460-acre Conjuring River property, in the La Ronge area of northern Saskatchewan. The decision follows a 3-hole drilling program…


METAL MARKETS Metal snips

Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….


Production called for at Cheni’s Lawyers bet

The preliminary prospectus of Cheni Gold Mines outlines in considerable detail its plans for the Lawyers property north of Smithers, B.C. (N.M., April 13/87). A report by Wright Engineers recommends t…


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