Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
Articles by Northern Miner Staff
Cove falls short as Echo turns in results
A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…
Agassiz going underground at Lingman set to go underground
Geologists will soon be going underground again on the Lingman Lake gold deposit in northwestern Ontario. It has been about 40 years since someone has been underground there. But a Ned Goodman company…
Teething problems over at Mascot mine
It’s fair to say that Mascot Gold Mines’ Nickel Plate project near Hedley, B.C., has endured its share of teething problems. But for most new mines that’s all part of growing up — the school of “hard…
Metal Prices FUTURES PRICES (February 08, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 98.50 98.50 98.50 — 12.30 Mar 93.50 90.90 …
Initial reserves encouraging for Better’s Vancouver Island
An active drilling program on Better Resources’ Mt. Washington project on Vancouver Island, B.C., has indicated a healthy reserve potential for the property. Drill-indicated reserves, based on a 0.03-…
Good year for Lac, earnings nearly triple
Last year proved to be a good one for Lac Minerals of Toronto, with the company’s earnings almost tripling compared with 1986. A 9% increase in production, a higher gold price and higher interest inco…
Lake Ponask drilling
A 15,000-ft diamond drilling program has begun on the 234-claim property held by Lake Ponask Gold Corp. Located in northwestern Ontario, the property is being explored for precious and base metals. Dr…
Syngold reports good gold values
Significant gold mineralization in two of three drill holes completed in December at the Obalski mine property at Chibougamau, Que., has been reported by Syngold Exploration of Toronto. Hole 87-2, dri…
Bar Association to discuss Lac/Corona
The aftermath of the ongoing court battle by Lac Minerals and International Corona Resources over the Williams mine at Hemlo will be the subject of a meeting Feb 10 of the natural resources and energy…
Thierry equipment sale
The final equipment from the shutdown Thierry copper mine near Pickle Lake, Ont., is being sold by owner Umex Inc. Since shutting down in 1982 as a result of weak copper prices, the Thierry mine was k…
Noranda/Int’l. Impala drilling Paquet bet
Three holes have been completed in the diamond drilling program by Noranda Exploration and International Impala on their Bradley Option property on Newfoundland’s Baie Verte Peninsula. The drilling co…