Northgate takes control of Campbell Resources
Just three months after Northgate Exploration sold its Chibougamau, Que., gold/copper mines to Australia-based Western Mining Corp., the Toronto company has bought itself back into its old stomping gr…
News
Vitality of Canadian mining depends on flow through
The vitality of Canada’s exploration and mining industry depends heavily on the preservation of flow- through financing in a viable form. The tax reform measures announced by Finance Minister Michael …
In the black, Royex plans more exploration activity
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
Master rehabilitating Hunter mine, Timmins
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…
Gerle Gold encouraged by drilling
Encouraging diamond drill results are reported by Gerle Gold at its McConnell Creek gold prospect 150 miles north of Smithers, B.C. All of the 16 holes drilled intersected the main shear zone over wid…
Australian parent seeks complete control of Pamour
Turned into a mining house with no direct gold production of its own, Pamour Inc. looks like it is about to be transformed completely into a holding company. Pamour’s Australian parent, Giant Resource…
Hedley Pacific plans work on Nickel Plate
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Nicholson back with RFC
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…
Dickenson posts higher gains despite drop in gold output
Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
Chevron still operator BYG could revive Mt. Nansen
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
Editorial Never mind the subs, let’s get mines
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Radcliffe gets assays from North Lake drill
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…