Increased exploration in northern Saskatchewan
Mineral exploration expenditures in northern Saskatchewan will reach $55 million in 1987, with $18 million to uranium, $2.3 million to base metals and $34.5 million to precious metals. Exploration exp…
News
Torene defines zone at Harrigan Cove, N.S.
Drilling on a former producing property at Harrigan Cove, N.S., by Torene Gold Exploration has indicated 100,000 tons in three zones grading 0.36 oz gold per ton. Average depth so far is 300 ft. Signi…
Beaver expands Kramer zone
Beaver Resources says a recent trenching program has extended the ore zone at its producing Kramer Hills heap leach property in California. The zone has been expanded to the south and east with a subs…
COATS Trading Features (June 15, 1987)
High fliers for the week on the coats system continued to be Boston Bay Mines and Belleterre Quebec Mines. The issues continued at $pd $1.40 respectively. Boston Bay vended its Lac des Iles platinum g…
Development, mining costs give loss to Anglo Dominion
Anglo Dominion Gold Exploration reports a net loss in the first quarter of $1,400,000, compared with earnings in the similar period last year of $17,400. The company says the loss in the latest period…
Promising results from Joutel property
A 20,000-ft drilling program has started on Kerr Addison’s Joutel Twp. property in Val d’Or, Que. Following a promising gold discovery on the 1,066-acre property, project manager Onyx Resources can ea…
Lenora building reserve base, to double gold output
Lenora Explorations is preparing to increase gold production from approximately 5,000 oz this year to more than 10,000 oz by 1988. In order to achieve this objective and to position itself for further…
Kowkash plans drill program
A high sensitivity magnetometer survey has been completed by Kowkash Gold on its 38-claim O’Sullivan Lake gold property north of Geraldton, Ont. The survey confirmed the existence of significant struc…
Copper mine won’t reopen, Noranda says
About 400 workers are affected by the decision of Gaspe Copper Mines to suspend mining operations completely at its Murdochville, Que., mine, the site of two fires in April. Low copper prices are cite…
Davidson shareholders upset by mine delays
A production decision for the Tisdale gold project shared equally by Davidson Tisdale Mines and Getty Resources, is expected to be made by October, The Northern Miner was told after the annual meeting…
Granges, Hycroft sign agreement with syndicate
An agreement has been signed by Granges Exploration and Hycroft Resources and Development with a syndicate led by Bank Gutzwiller, Kurz, Bungener (Overseas) Ltd. for the sale to the syndicate by Hycro…
Toronto Stock Exchange Minews remain bullish at expense of weak U.
Amid all the rhetoric at the Venice economic summit, little concrete support is developing for the battered U.S. dollar. U.S. Treasury Secretary James Baker conceded that the Venetian pow-wow will do …