T&H using two drills (November 23, 1987)
T&H Resources is busy with two drill rigs on its Garrison Twp., Ont., gold prospect. The work is testing sections of an easterly striking zone which has only been examined to a depth of 200 ft. The cu…
Articles by Northern Miner Staff
Declining platinum prices have little immediate effect at
** Madeleine sites ** Massive dumping of platinum contributed to the recent decline in spot prices for the precious metal, analysts say, following the collapse of world stock markets in mid-October…
Western Goldfields has good profit
Western Goldfields Inc has realized net income of 50 cents per share during its first nine months of operations. For the period, the Nevada gold producer earned $3.4 million. Operations at the Hog Ran…
Huntington pulls good drill hole David D.
Another good hole has been reported from Huntington Resources’ Brett claims, 15 miles west of Vernon, B.C. Hole No 87- 42 returned 9 ft of 0.99 oz gold including 4.75 ft of 1.8 oz. The gold is associa…
Coniagas to earn its way on northeast Ontario project
The latest round of drill results at Garrison Creek Consolidated’s 40%-owned Michaud property near Matheson in northeastern Ont., were released recently. As part of a plan to “earn its way into” a pro…
Metal Prices FUTURES PRICES (November 23, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. — — 102.35 — 2.85 Dec. 101.30 99.10 100.10 — 2…
Gold thieves still sought
At presstime, Ontario and Quebec Provincial police had still not caught up with the thieves who some weeks ago robbed the Virginiatown, Ont. gold mine of Golden Shield Resources. The bandits made off …
Audrey enters first quarter in the black
After successfully bridging the gap separating explorers from production companies, Rouyn- Noranda, Que.-based Audrey Resources has reported positive net earnings results for its first quarter as a Ca…
CIM awards
Donald McLeod, president of the Northern Group of companies (Northair Mines, Scottie Gold Mines, Newhawk Gold Mines) is the 1987 winner of the District 6 proficiency medal of the Canadian Institute of…
Revival in works for Hubert Lake
The new owner of Hubert Lake Ungava Nickel Mines has plans to revive the dormant mining company which was chartered in Quebec in 1957. Hubert Lake has been under a cease-trading order since May, 1985,…
Cheni doubles gold reserves at Toodoggone
Gold reserves at the Lawyers property have been almost doubled, project operator Cheni Gold Mines says. Located in the Toodoggone area of north central B.C., the property is being readied for producti…
Equity Silver profits higher
Profits for the first nine months for Equity Silver Mines rose to $3,916,000 or 13 cents per share on revenues of $60,593,000. This compares to a loss of $583,000 or 2 cents per share on revenues of…