Yorbeau claims full ownership
Yorbeau Resources of Montreal has decided to take full ownership of the Ellison gold claims located in Bousquet Twp., in northwestern Quebec, between the Bousquet and Doyon mines, the company reports….
News
Ruttan mine deal closed by Hudbay
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
Richardson Lake drilling encourages Golden Terrace
Additional drill results have been released by Golden Terrace Resources from the company’s gold project at Richardson Lake. Located 70 miles east of Red Lake, Ont., the property consists of 144 claims…
Deep shaft on Lindsley Falco near-term option
Shaft sinking and underground exploration could begin within a year on Falconbridge Ltd.’s Lindsley property, chief project geologist David Comba tells The Northern Miner. Timing of the program “depen…
David Bell mine spurs earnings for Teck Corp.
Teck Corp reports net earnings of $9.5 million or 21 cents a share in the quarter ended June 30, up from $5.9 million or 11 cents a share in the comparable period a year earlier. Revenues were $52 mi…
Skyline announces updated reserves
Updated reserves have been announced by Skyline Explorations for its Reg property in northwestern B.C. Measured reserves are now 121,330 tons grading 1.25 oz gold and 2.1 oz silver. In addition, 161,9…
Omni receives Skukum results
Preliminary results have been received from the underground program at Omni Resources’ Skukum Creek property 30 miles south of Whitehorse. By July 23 the adit was in a total of 2,850 ft and two zones …
General News & Comment Surveys released to B.C. prospectors
Geochemical survey data on the mineral potential of a 29,000-km area in the Smithers region of northwestern British Columbia, has been released to prospectors by the province’s ministry of energy, min…
Significant gold discovery by Norands Expl. in B.C.
There are unconfirmed reports that Noranda Exploration has made a significant gold discovery northwest of Prince George, B.C., near Fort St. James. The Northern Miner has received information that at …
Noranda results from B. C. bet
Noranda Exploration has announced assay results from three holes at Banbury Gold Mines’ Hedley property in south-central British Columbia. A 133-ft intersection in hole 87-13 graded 0.11 oz gold and t…
Granges options Almaden’s claim
Granges Exploration has optioned Almaden Resources’ Wampum claim block in southeastern Manitoba. The block comprises about 260 sq mi and covers the southwesterly extension of the Wabigoon greenstone b…
About-face into the black is achieved by Pine Point
Pine Point Mines, which lost $9.8 million in the first half last year, has completely reversed its fortunes in the similar period this year, with reported net earnings of $10.8 million. The profit thi…