Ateba major player in Beardmore camp
Reactivated under well-known mining engineer Peter Howe, Alberta-listed Ateba Mines is making its mark in the Beardmore camp of Ontario, having optioned or acquired in that camp about 20 km of contigu…
News
Cambior receives exploration funds
Two agreements to finance exploration programs for 1987 have been signed by Cambior Inc. The first contract is with CMP 1987 (Quebec) Resource Partnership and Co. Ltd., for the financing of exploratio…
Steep Rock writeoff results in year loss
Steep Rock Resources has written off its $648,208 investment in the Lake St. Joseph iron ore property. The property is near Atikokan, Ont. As a result, the company realized a loss of $188,205 for 1986…
Pine Point reports profit but proceeding with closure
Somewhat ironically, Pine Point Mines reports that in 1986 the company had unaudited net earnings of $2 million, compared with a net loss from operations in the previous year of $2.2 million, before w…
Serem Inc. could be first to produce in Toodoggone area
Exactly when Serem Inc. will make a production decision on its Lawyers property is still uncertain. What is known, however, is the fact the company must decide by March 31 in order to qualify for gove…
Goldenbell to raise about $25 million for Pine Tree project
Goldenbell Resources Inc. says under a private placement arrangement Sonora Gold Corp. will purchase 9,259,000 shares of Goldenbell at $2.70(US) per share. Goldenbell says the deal is contingent on co…
Gold conference set for Vancouver
An international conference on Gold — Geology, Feasibility, Mining and Extraction will take place Nov 23-25 in Vancover, B.C. The conference will have sessions on geology and exploration, feasibility…
Nanisivik mine profitable for MRI
Mineral Resources International reports net income of $4.5 million or 30 cents a share, for the nine months ended Dec 31, compared with a loss of $700,000, or 5 cents a share at the end of 1985. The…
Montreal Exchange Mining issues shine (March 09, 1987)
The action wasn’t all resource companies, but mines and minerals shares had a significant, and favorable, impact on trading on the Montreal Exchange this past week. One of the most actively traded iss…
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…
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…