Green Diamond gets Destor claims
Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…
News
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
Alaska Apollo retains Kilborn on Alaska bet
Alaska Apollo Gold Mines reports it has retained Kilborn Engineering to review exploration results and ore reserve calculations at its Shumagin property on Unga Island, Alaska. John Bogert, president …
Alberta Stock Exchange Argus bucks trend
Even in the midst of a market downturn, nothing makes investors sit up and take notice like a new gold discovery. That was proven this week when a little-known oil and gas explorer called Argus Resour…
Atlantic Report Newfoundland’s first gold rush
Every available diamond drill in Newfoundland is under contract as Canada’s youngest province continues to enjoy its first gold rush. Major mineral exploration and development projects are going on in…
Bureaucrats, academics, miners grapple with automation issue
“Is there anyone here who doubts there will a completely automated mine, somewhere in the world, in the near future?” panel member Ronald Woodbridge asked the 170 attendees of the second Canadian Symp…
Carlson drilling expands zone at Hemlo property (November 02, 1987)
Carlson Mines and partner Black Gregor Explorations have received some encouraging results from exploration at their Hemlo gold property north of Marathon, Ont. Located 12 miles northwest of the Lac-N…
Radcliffe and City in Graham venture
Vancouver-based Radcliffe Resources has concluded a joint venture agreement with City Resources involving Radcliffe’s Graham property on British Columbia’s Charlotte Islands. The Radcliffe property is…
Editorial IRA’s shadow over gold
The Irish Republican Army casts a long shadow — even over a possible new Irish gold mine. A Dublin-based company, Ennex International (in which Toronto’s Northgate Exploration has a 15% direct and …
Editorial Conference on computers is a good move
The Canadian Advisory Committee on Mining Automation, under chairman Jacques Nantel of Noranda, last week in Sudbury approved plans for the Third Canadian Symposium on Mining Automation. It will be he…