Lencourt is positive on silver property
A positive feasibility study has been received by Lencourt Ltd. for the company’s silver property near Gowganda, Ont. The report concludes that the property be brought to production to yield 350,000 o…
Articles by Northern Miner Staff
Farady records healthy quarter
Faraday Resources of Toronto reported a net income for the first quarter of 1987, before extraordinary item, of $5.3 million (compared with $225,000 for the same period last year), and after extraordi…
COATS Trading Features (May 25, 1987)
Two of the companies involved in the Lac des Isle platinum play doubled this week. Led by TSE- listed Madeleine Mines, which reached a new high today of $11.25, Belleterre Quebec Mines rose to $1-$1.0…
Editorial “Odds” illustrations wanted
It has been quite some time since we last commented in this space on the somewhat remarkable — and certainly appreciated — flow of contributions we have had to our Odds ‘n’ Sods column, now carried …
Sonora mine in production
After a 2-year delay due to enviromental restrictions and bureaucratic red tape, the first gold bar was poured recently from Sonora Gold Corp.’s Jamestown Mine in California. Expected to produce aroun…
Lenora planning underground work
An underground exploration program is being planned by Lenora Explorations for the company’s Golden Harker property near Kirkland Lake, Ont. The program will enable sampling and testing of reserves to…
PEOPLE (May 25, 1987)
Association of Professional Geologists and Geophysicists of Quebec — France Goupil elected president succeeding Pierre M. Crepeault.
Malartic profit
Malartic Hygrade Gold Mines reports first quarter 1987 net income of $447,663, or 12 cents a share, against net of $459,498, or 13 cents a share, in the similar period last year. Revenue in the late…
Phase two work started by Vista
Vista Mines reports extensive exploration will be conducted on the WC-1 zone on its Bootleg Lake- Rio deposit mineral leases in northeastern Saskatchewan. The company started a phase II drill program …
HSK plans to raise $6 million
HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston G…
Minerals shipped world-wide
More than 80% of Canada’s mineral production is shipped to markets around the globe, making the country the world’s largest exporter of minerals, reports the Mining Association of Canada. The country …
Montana silver mine back in production
Production has resumed at the Black Pine silver mine near Philipsburg, Mont., Inspiration Resources reports. Operations were suspended at the U.S. mine site in March, 1986, because of low silver price…