Contractor selected for ERG project
A management engineering group has been selected by ERG Resources, for the company’s $65-million gold tailings project near Timmins, Ont. Kilborn Ltd., an engineering consulting company, will complete…
News
Accelerated program set on Marigold gold project
The 8 South Zone of the Marigold gold project near Battle Mountain, Nev., will be the subject of an accelerated exploration program this year that will include a completed feasibility study, says Davi…
Seabright subsidiary fishes for gold in Nova Scotia
While fish is still considered Nova Scotia’s most valuable natural resource, Seabright Explorations is hoping to net a fortune in the province’s reactivated gold mining camp. At presstime a final pros…
Lornex ups profit
Net earnings for 1986 were $27.3 million or $3.30 per share, Lornex Mining Corp. reports. That represents a 13% increase in profits over those realized in the previous year. Revenues, however, decline…
Exploration heats up Northwest Territories
With the resounding success of the Lupin gold mine which produced nearly 194,000 oz of gold last year at its site just 56 miles south of the Arctic Circle, many junior companies are following the exam…
Cdn mining not in hopeless state
Mining is a great Canadian success story and is, to a significant extent, responsible for the high standard of living enjoyed by Canadians. It hardly behooves me to tell experts in the mining industry…
United Reef buys platinum concession
A letter of intent has been signed between United Reef Petroleums and a private company for the purchase, by United, of a 32,000-acre concession in the Labrador Trough. Located in northeastern Quebec,…
Unique platinum play for Eldor, Ellen
A unique showing of platinum mineralization, associated with uranium and gold, is the focus of an exploration program operated by Eldor Resources and funded by partner Mary Ellen Resources. Known as t…
Editorial Ups and downs at the PDA convention
The mood at this year’s convention of the Prospectors and Developers Association of Canada will likely swing somewhere between exhilaration and apprehension. Among the 3,000 or so delegates expected…
Brohm to develop South Dakota bet
With a working capital of $4.3 million, Brohm Resources says it is in an excellent financial position to develop its Gilt Edge project in South Dakota. The company recently completed a private placeme…
Moneta acquires a base metals deposit
Moneta Porcupine Mines has acquired a 15-claim property in Blondeau Twp., near Belleterre, Que. The claims include a deposit which was explored by Kelly Lake Nickel Mines years ago. More than 62,000 f…
New gold zone for Snow Lake
A new gold zone discovery was recently announced by Snow Lake Mines on its Birch zone property located two miles from Snow Lake, Man. The new zone is approximately 4,000 ft north-northwest of the comp…