Aur eyeing production and big profits in 1988
Debt free and possibly into gold production by spring, 1988. No wonder James Gill, president of Aur Resources, was in an upbeat mood when he recently chaired his company’s annual meeting. The junior e…
Articles by Northern Miner Staff
Noramex evaluatinng potential heap leach
A potentially viable heap leach situation in Nevada is being evaluated by Noramex Minerals. President Brian D. Fairbank says probable reserves now stand at about 85,000 tons grading 0.074 oz gold, hig…
News in Brief (March 09, 1987)
Terratech Resources says arrangements have been completed to dispose of its remaining interest in Health Development Services. President Hugh Cameron says profit on the transaction will be reflected i…
More holes ‘click’ for North American, Dundee
Diamond drilling continues to meet with encouragement on the Casa Berardi joint venture gold property of North American Rare Metals and Dundee-Palliser Resources in Vezza Twp., 25 miles south of Matag…
Underground program in the cards for alevon
Some high grade gold values have been encountered in an underground drifting program at Levon Resources’ Congress property near Goldbridge, B. C. Assays from a 36-ft section in the Howard vein structu…
Lawsuit still hovers Lac’s drilling delivers at Doyon
The results are in on the second hole of the deep drilling program at the Doyon mine and they carry important tonnage implications for this northwestern Quebec gold mine. Joint venture partners Lac M…
Missanabie area could host half a dozen producers
Gold exploration areas in Ontario that have been known for years keep coming up with surprises and the potential for more and better mines. Hemlo was worked over pretty well before International Coron…
Platinova/ Cominco in U.S. gold play
Platinova Resources, a private company which is a wholly-owned subsidiary of Toronto-listed Black Hawk Mining has entered into an agreement with Cominco American, a wholly-owned subsidiary of Cominco …
Funds committed
Perrex Resources says it expects to spend most of its exploration funds — $2 million this year and $1 million in 1988 — in the Harker Holloway gold camp area in northeastern Ontario, on its property…
Potash of America takes $3.9m. loss
A 1986 net loss of $3.9 million, or 64 cents a share, is reported by Potash Co. of America, compared with restated net earnings, before extraordinary charge, of $3.4 million, or 4 cents a share, in t…
Golden Reward fight could be ended soon
An agreement in principle has been reached between the various parties involved in an ownership dispute over the Golden Reward gold project in South Dakota. Coin Lake Gold Mines says that all the part…
Black Swan Gold confirms tonnage at Australian bets
Recent drilling has confirmed the tonnage and grade of three gold deposits at Black Swan Gold Mines’ Gabanintha project in Western Australia. In addition, the drill program delineated approximately 16…