Coin Lake, Moruya plan consolidation
With the legal problems hampering work at the Golden Reward gold project in South Dakota, resolved, partners Coin Lake Gold Mines and Moruya Gold Mines, plan to bring the property to production. The f…
News
Merger gives Brohm Blackdome interest
Brohm Resources has acquired 3.9 million shares of MFC Mining Finance Corp. from Kerr Addison Mines and Ventures Trident Limited Partnership at a cost of $28,710. Brohm is now the majority shareholde…
Zone extended by Levon drilling
Underground drilling in the Howard tunnel in B.C., by Levon Resources has extended the No 2 zone, the company says. Levon drilled six holes above and below a 123-ft section which assayed 0.69 oz gold …
WHAT’S NEW MILLING EQUIPMENT En Masse Conveyor
Gerber Industries of Minnetonka, Minn., has designed a conveyor that it says simplifies maintenance and improves ease-of-operation. The en masse conveyor features reduced noise, dust, maintenance and …
RESEARCH PGM deposits: A new model
Before writing off that long-ignored nickel-copper-platinum prospect, consider a re-examination of the property in light of a new genetic model devised by Prof David Watkinson of Carleton University, …
LAW More straight talk on royalties
What is a royalty? In virtually all cases, it is a right to be paid money. Whether or not a royalty-holder will ever actually receive any payments may be open to question and will depend upon a number…
SUPPLIER’S NOTES Ranger Helicopters, Canada
To simplify its operations Ranger Helicopters, Canada will henceforth be operating only one licensed helicopter comp any and winding down its other three licensed companies. The continuing company w…
Sherritt Gordon to discontinue Ruttan operation
Sherritt Gordon Mines has announced its intention to discontinue operations at its Ruttan mine in Leaf Rapids, Man., in mid-September. Transfer of ownership of Ruttan Mine to Hudson Bay Mining and Sme…
Accord completes exploration phase
A preliminary exploration program has been completed by Accord Resources on the company’s 33-claim property in Legault Twp., Ont. Located near Beardmore, the property was tested by 6,237 ft of diamond…
Norex results
Norex Resources recently acquired all the shares of Triweb Resources for a purchase price of $4 million. Triweb has a working interest in reserves of 860,000 bbl of oil, 16 million cu ft of gas and 16…
Leap in profit for Hudson Bay
Sale of an interest in a nickel exploration property helped give Hudson Bay Mining and Smelting a first quarter profit of $14.8 million on revenues of $76.6 million, compared with a net loss of $3.8 m…
First-quarter profit slips for Laduboro
A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter w…