Oz and Farboro option property
Two Quebec-based firms, Oz Exploration and Farboro Resources, have jointly obtained an option to acquire a 100% interest in property in Elmhirst Twp., in northwestern Ontario’s Thunder Bay mining divi…
News
American Pacific takes over Honduras mine
The El Mochito silver-lead-zinc mine in Honduras is back in production after a recent takeover by American Pacific Mining (formerly Westbridge Resources). American Pacific purchased the mine, along wi…
Nor-Quest high grade
Underground drilling by Nor- Quest Resources on the company’s Arizona gold property has outlined a high grade vein. Two stopes at the mine have advanced for 200 ft in vein material grading 0.54 oz acr…
St Joe drills off reserves on Kenora P & M property
Two quiet years of exploration by St. Joe Gold have resulted in another gold deposit for the company. An 18,440-m drill program has been completed on the company’s Shoal Lake property held under optio…
Orofino’s Scadding back in production
Milling operations have resumed at Orofino Resources’ Scadding mill near Sudbury, Ont. The operation was suspended on Oct 14 due to a damaged ball mill. A replacement unit has been installed and tuned…
News in Brief (November 30, 1987)
Concept Resources has changed its name to Skyline Natural Resources Ltd. (sku:ase) on the basis of 1 new Class A share for 1 common share. .N ** News in Brief ** Lansdowne Oi…
Toronto Stock Exchange Market responds to offshore interest rate
A round of interest rate cuts by West Germany, The Netherlands and France had the desired short- term effect of bolstering the bloodied U.S. dollar. Markets everywhere responded with modest enthusiam….
Springlake option in B.C.
Springlake Resources has acquired a 50% interest in a property in the Revelstoke area of B.C. The interest was sold by Albury Resources. Located in the Camborne mining camp, the area produced 17,487 o…
Beaufield, Falco cut strong sections
Encouraging drill results are coming from a broad 2,460-ft long strongly altered zone on the Lac Rouleau property, partners Falconbridge Ltd. (51%) and Beaufield Resources (49%) say. The claims are pa…
By ’91 Barrick could produce a million oz from North America
American Barrick Resources could be the first Canadian mining company to top one million oz in annual production with its output coming solely from North America, says a report by Merrill Lynch mining…
Cambior earnings (November 30, 1987)
Net income of $13.5 million (59 cents per share) on revenue of $64.4 million was recorded by Cambior Inc. during the first nine months of 1987. (Cambior was inactive prior to July 31, 1986.) In the th…
Westmin Resources boosts earnings
Net earnings for the first nine months of 1987 totalled $14.3 million compared with $5.4 million for the same period last year, Westmin Resources reports. Gross revenues during the same period amounte…