Royal Oak active at Maylac project
Alberta-listed Royal Oak Resources has entered into a flow- through private placement agreement with CMP 1987 Resource Partnership and Company Ltd. for proceeds of $325,000. As qualifying expenditures…
Articles by Northern Miner Staff
Portfield starts grassroots work
Grassroots exploration work has started on a 57-claim property in Sandra Twp, near Beardmore, Ont., held by coats-listed Portfield Industries Inc. The work is being funded by Bay Resources & Services …
Sulpides drilled by Gabriel Resources
Diamond drilling on the Ahbau Creek property by Gabriel Resources has encountered gold, silver and copper mineralization in a series of massive sulphide veins. Results from the first two holes cut 7.8…
Malartic earnings unchanged from ’85
For the fourth quarter of 1986, Malartic Hygrade Gold Mines realized net earnings of $448,784 or 13 cents per share compared to earnings of $338,977 or 10 cents per share during the same period of 1…
Letters to the Editor EDC defends sale
I am writing in reply to your editorial Still Another Bad Move Out of Ottawa in your Jan 19 issue. You criticized the decision by the Export Development Corp. to finance the sale of a sulphuric acid p…
Aur earnings improve
Aur Resources reports net earnings of $717,860 or 9 cents a share, for its fiscal year ended Sept 30, after provision for $700,000 in income taxes. This compares with a net loss of $159,450 in fiscal …
Baroque arranges private placements
Private placements for $700,000 have been arranged by Vancouver- listed Baroque Resources. Of that amount, $350,000 is with CMP 1987 Resource Partnership and Company, Ltd. and $350,000 is with CMP 198…
Dickenson reports better net earnings
Dickenson Mines reports preliminary net earnings for the year ended Dec 31, before extraordinary items, of $4,140,000 or 36 cents per share compared to $1,707,000 or 16 cents per share in 1985. Net e…
Montreal Exchange NAR resumes climb
The volume leader on the Montreal Exchange this week was, once again, North American Rare Metals. NAR traded 728,300 shares and moved up 23 cents to close at 78 cents as it continues to work on its …
‘Credibility problem’ still looms for Carolin
The history of Carolin Mines, an industry “soap opera” if there ever was one, has taken yet another turn. A new management group has now assumed control but the old guard has left them with a big cred…
Mascot in the driver’s seat on milling deals, Steen says
Mascot Gold Mines has spent or committed $44 million on its Nickel Plate project at Hedley, B.C., which is slated to begin official production this June. At the annual meeting Henry Ewanchuk, presiden…
Letters to the Editor Hemlo Gold potential
In the interest of keeping shareholders, investors and your readers properly informed, there are several corrections that should be made to your Page 1 story on Hemlo Gold Mines, in the Feb 9 edition …