Abermin has loss for year
Abermin Corp. reported a net loss of $1.1 million in 1986 before extraordinary items. The loss included an exploration expense of $534,000 resulting from the abandonment of its Bullfrog and Black Beav…
Articles by Northern Miner Staff
Lornex runs against trend, reports improved profit
Most people would have to look pretty hard to find a porphyry copper mine in North America that is making a decent profit. But the massive Highland Valley Copper project of Lornex Mining and Cominco i…
Big gainers
And how are your favorite stocks doing? A recent issue of Messel’s Mining Weekly lists the share price performances of a number of international gold producers from the start of this year up to the fi…
Information source on VSE companies
What must certainly represent the most comprehensive source of information on Vancouver Stock Exchange companies is now available from Mining Software Services (M.S.S.), of Delta, B.C. Titled the VSE-…
New Canadian company from Yuba Natural Res.
San Diego-based Yuba Natural Resources says its board has approved the formation of a new Canadian company called Yuba American Gold. Yuba is involved in gold dredging operations in alluvial gravels s…
Muscocho gets good results
A length of 511 ft of drifting on the main zone at the Magnacon joint-venture project has averaged 0.425 oz gold per ton over 6.8 ft, the president of Muscocho Explorations, J. T. Flanagan, reports. M…
Muscocho/Tashota start field work
Field work is now well underway on the 1,647-claim joint venture program in the Baie Verte area, Newfoundland, in which Muscocho Explorations (25%) and Tashota- Nipigon Mines (25%) are participating w…
Orcana negotiating on gold property
Toronto-based Orcana Resources is negotiating an agreement on a gold property in northern Ontario known to have intercepts of commercial gold values over modest widths, shareholders of the company wer…
Go-ahead on Ansil upcoming by Minnova
A production decision is expected to be made in the third quarter of this year on the high grade Ansil copper deposit in the Lac Dufault camp near Rouyn- Noranda, Que., with production slated to start…
New exploration program started by Chesbar Res.
A new $2.77 million exploration program has started at Chesbar Resources’s gold project in Chester Twp., near Gogama, in northern Ontario. The program calls for extension of the ramp by 1,300 ft to pe…
Nordac planning a share consolidation
Shareholder approval will be sought by Nordac Mining for the company’s plan to consolidate its common shares on a one new share for each 2.5 shares held basis. Nordac, which will have its name changed…
Shannon drilling near Matagami
A second-phase 16,500-ft drilling program has been started by Shannon Energy on the company’s property near Matagami, Que. The program is testing a geophysical anomaly thought to represent a conductin…