Pioneer uncovers new Bonito zone
Some relatively high grade gold values have been reported from a breccia feeder system at Pioneer Metals’ Bonito property near Ruidoso, N.M. President Robert D. Willis confirms the system is “only one…
News
Canuc, Orofino joint venture to explore Coronation project
Canuc Resources and Orofino Resources have concluded a joint venture agreement to explore Canuc’s Coronation Gulf gold property in Northwest Territories. Under the agreement, Orofino can earn a 70% jo…
Noranda to produce from Isle Dieu mine in July ’88
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
Moneta deals for properties near Timmins
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…
Tartan Lake cornerstone in Abermin’s growth plan
The goal of Abermin Corp. is to become a “major mining company by 1995,” Roger P. Taylor, president, told the annual meeting. He said the Tartan Lake project in northern Manitoba (N.M., June 8/87) “wo…
METAL MARKETS Palladium demand recovers
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…
News in Brief (June 29, 1987)
Echo Bay Mines recorded a net income during the first quarter of this year of $8.1 million (18 cents per share) compared with $5.7 million (14 cents per share) for the same period in 1986. Total rev…
The world mining industry turnaround – its implications
The following article was written exclusively for The Northern Miner by Mr Anderson, former chairman, Cominco Ltd. and now a director of Gensler & Schwab Inc., New York, management consultants, and Mr…
Cominco option from Silver Talon
Cominco Ltd. has an option to acquire a 60% undivided interest in the Tulsequah area property of Silver Talon Mines in northwestern British Columbia. Known as the Banker-Sparling prospects, the proper…
Lacana boosted by Mascot Gold purchase
Following a banner year in 1986, in which the company recorded net earnings of $9.6 million (80 cents per share) after extraordinary items, Lacana Mining is looking ahead to even better returns this …
Bankers buy bets
Bankers Petroleum has acquired 73 claims in Turnbull and Godfrey twps, near Timmins, Ont. One 43-claim block includes limited mine workings established between 1909-1911. A surface exploration program…
American Platinum starts exploration work for ’87
A trenching and surface diamond drilling program has been started by American Platinum Inc. on ground near Lac des Iles, Ont. Funded by a flow-through share offering with First Exploration Fund which …