Noranda divisions report second quarter earnings
Across-the-board improvements in all of Noranda Inc.’s resource divisions made it an encouraging second quarter for the company. Second quarter earnings were $103.1 million, or 66 cents per share aft…
News
Glen Auden busy with several plays
Glen Auden Resources has completed a geophysical survey on over 100 claims in the La Peltrie area, Que. The ground protects the eastward extension of a gold discovery made by Rambo Exploration. Glen A…
Consort Energy
Drilling is scheduled to begin in August at Consort Energy’s West claim group near Echo Bay’s Lupin mine in the Northwest Territories. Surface gold values averaging 0.29 oz and 0.48 oz gold have been …
Westley leases claims
Westley Mines reports it has leased 34 claims in southwest Oregon known as the Burnt-Peak project, covering a one-and-a-half mile strike length of a broad, northwesterly-trending gold-bearing zone in …
Books (July 27, 1987)
The Fifth International Wollaston Basin Symposium Proceedings edited by C.G. Carlson and J.E. Christopher. Contains 25 full length papers and 4 abstracts. Softbound $43.50(C) ISBN 0-921547-17-X; Har…
Old Newcor mine gets second look by Colray, Vista
A joint venture program to explore the old Newcor mine property in the Flin Flon area of Manitoba has been announced by Colray Resources and Vista Mines. Colray can earn a 30% interest by spending abo…
METAL MARKETS Shareholders nix amalgamation plan
Preferred shareholders of Potash Co. of America recently rejected a proposal to amalgamate the company with Rio Algom, which controls almost 88% (all of the common shares) of the company. Potash Co., …
Investment Comment Conwest pins hopes on oil rebound
While a steep decline in oil and gas prices took a large bite out of Conwest Exploration’s 1986 cash flow, few natural resource companies can boast such an enviable track record. In business for 48 ye…
Golden Princess starts drilling
Drill programs are under way at two properties held by Golden Princes s Mining in Ontario. Noranda Exploration has commenced drilling on the Nickel Offsets property near Timmins. The objective of the …
Strong sections drilled by Power
Additional encouraging drill results have been received by Power Explorations from the company’s Dryden gold project held in joint venture with Van Horne Gold Exploration. The property is located five…
Potash price in bad slump
Reflecting the depressed price for potash, a loss of $103.4 million was recorded by the Potash Corp of Saskatchewan in 1986, the company’s 10th year of operation. The Crown corporation’s $810-million …
Rush mill building at Madeleine
Madeleine Mines has a major program in hand here that will see Canada’s first platinum-paladium mine in full scale production within a year. A big open pit orebody, this will be an extremely low cost …