Aur has profit
Aur Resources, which has budgeted $18 million for exploration and development work this year on six properties, reports net income of $314,032 for the nine months to June 30, equal to 4.4 cents per sh…
News
Bruneau plans drill program in Estrades Twp.
Out to earn a stake in an Estrades Twp., Que., property, Bruneau Mining Corp. says it will immediately carry out a program of detailed geophysical surveys on the property. A drill program based on res…
Highland Valley spending $17m. on new plant
At a cost of $17 million, B.C.’s newly-formed Highland Valley Copper will install two semi- mobile in-pit crushing plants, equipped with gyratory crushers which will be among the world’s largest. The …
Mine share trading rises at Toronto Stock Exchange
Dollar value of trading in mining shares on the Toronto Stock Exchange in August increased to $570.3 million, a dramatic 102.7% increase over the $485.8 million traded in July. Share volume in mining …
Scintrex in China
Scintrex Ltd. says it has a $640,000 contract with China to provide a helicopter-borne geophysical system for aerial mineral exploration.
Drilling at Sumich
A surface drilling program has started on the New Beginnings Resources’ Sumich mine property in Nevada. The program will test for extensions of the zone along strike and at depth. Approximately 30,000…
Blackstone Expl.
Blackstone Explorations is venturing into the field of radon gas detection, the company says. Blackstone plans to sell a device to homeowners which detects radon gas accumulations in homes.
Obituary Leslie Hermiston
Leslie (Les) Hermiston, a prospector who like many others cut his teeth on silver during the heyday of Ontario’s Cobalt camp, has died at the age of 85. Mr Hermiston, a native of Cobalt, died at the h…
Newmont/G. Briar share drilling costs
Costs of a diamond drilling program near common boundaries between claims held by Newmont Exploration of Canada and Golden Briar Mines will be shared equally, the latter company says. The properties, …
Pancana profit slips
Pancana Minerals reports net earnings of $1,146,000, (24 cents a share after allowing for preferred share dividends) in the 6-month period ended June 30, compared with earnings of $2,008,000 or 50 cen…
Major exploration starts at Terramar’s Reid mine
Now that a prolonged fight with its Reid mine partners is over, Ter ramar Resource Corp. has commenced a major exploration program at the mine which will include dewatering the 800-ft level. The main …
MAPAO reports: Accidents are down but fatalities unacceptable
On the whole, Ontario’s mines are safer now than they’ve ever been, according to statistics published by the Mines Accident Prevention Association Ontario (MAPAO). Injuries resulting in lost time for …