Underground at Detour
After a brief but troubled open-pit phase, the Detour Lake mine in northern Ontario is pulling up gold from underground. Figuratively speaking at least, things look brighter from below the surface. …
News
Placer increases grass roots activity
Designed to increase its exposure to grass roots exploration, Placer Dome is participating in the formation of a new public company called QPX Minerals . According to Lawrie C Reinertson, senior vic…
Mining consultants views mixed on free trade
As the contents of the Canada/ U.S. Free Trade agreement continue to unfold, it’s clear that greater cross-border access will be offered to Canadian mineral producers. But the agreement may also provi…
Nuinsco deals base metal properties to Seadrift
In a bid to become a Canadian gold producer within 12 months, Nuinsco Resources has dealt some of its base metal properties to Seadrift International in exchange for a larger slice of the Cameron Lake…
Yellowjack options Lucky Boy claims
Yellowjack Resources has optioned the Lucky Boy property from Cominco Ltd. Located two km south of the H.B. mine near Salmo, B.C., the property covers showings of lead-zinc mineralization similar to t…
Copper prices boost HudBay Ruttan
As the operator at one of Canada’s less successful copper mines, Hudson Bay Mining and Smelting, doesn’t like to be overly optimistic about the prospects for its latest acquisition. But with copper pr…
Asamera Minerals shows profit
The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Dividend Briefs (December 14, 1987)
Ranchmen’s Resources has declared a quarterly dividend of 12.5 cents on its class A shares payable Dec 29 to shareholders of record Dec 14. The last quarterly dividend of 12.5 cents was last paid Jan…
People (December 14, 1987)
Interstrat Tesources inc. — James M. Carter appointed president and chief executive officer succeeding Ted Everett.
Bresea listed on ME
Calgary-based Bresea Resources was recently listed on the Montreal Exchange (symbol bsr). Bresea, incorporated in the province of Alberta in 1980, reports it is carrying out exploration programs on pr…
Flint Rock gets funds
A flow-through financing is being completed by Flint Rock Mines which will fund a drill program on the company’s 12-claim property at Shabu Lake. Located 43 miles east of Red Lake, Ont., the property …