Gibralter earnings improve in quarter
Gibraltar Mines had second-quarter net earnings of $288,000, reducing the company’s 6-month loss to $896,000 or 7 cents per share. The first- half loss in 1986 was $2.1 million or 18 cents per share….
News
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Kerr Addison reports small loss during half
Kerr Addison Mines has reported that high mineral exploration and interest costs contributed to a small loss from operations during the first half of 1987. The company reported net income of $17.3 mil…
Queries Black Hawk sold to Platinova
The Northern Miner has received a number of enquiries recently concerning the corporate restructuring of Black Hawk Mining. They wanted to know who are the principles behind this restructuring and wha…
Algo to drill at Adams Lake bet
Drill testing at Algo Resources’ Adams Lake plateau gold and silver prospect is expected to resume immediately. President Errol Hemingson said that under the phase 2 program, his company plans 4,000 f…
Cease Trading Orders
The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …
Alberta Stock Exchange Platinum boosts issues
While growing tensions in the Persian Gulf propelled gold prices to $467(US) per oz, it was platinum which had investors racing to buy up shares of two Alberta issues. Trading on a volume of 952,900, …
Canadian gold production jumps almost 20% in ’86
Production of metals, non- metallics and structural materials in Canada was worth $15.6 million in 1986, up slightly from the 1985 record value, the Mining Association of Canada reports. Last year was…
Echo Bay Kettle River bet heading for production
With four gold deposits already discovered, it’s not surprising that Echo Bay Mines has put its Kettle River project in Washington State on a fast track to production. Vancouver- listed Gold Texas Res…
Omni receives Skukum results
Preliminary results have been received from the underground program at Omni Resources’ Skukum Creek property 30 miles south of Whitehorse. By July 23 the adit was in a total of 2,850 ft and two zones …
Drilling resumes at Bugow project
Drilling has resumed on Aber Resources’ Bugow joint venture gold prospect at Russell Lake, N.W.T. New York-listed Freeport- McMoRan Gold is currently earning a 51% interest in the 10,000-acre proper…
General News & Comment Surveys released to B.C. prospectors
Geochemical survey data on the mineral potential of a 29,000-km area in the Smithers region of northwestern British Columbia, has been released to prospectors by the province’s ministry of energy, min…