Big plan for Golden Pond West
A $23.7-million 2-phase underground exploration program is scheduled to start in early spring — if not sooner — on the Golden Pond West zone, of the Casa Berardi property held in joint venture by pa…
News
Early decision on Ketza imperative for Canamax
The feasibility study on the Ketza River gold project just south of Ross River in the Yukon should be ready by the end of this month, John Hansuld, president of Canamax Resources, tells The Northern M…
COATS Trading Features (February 23, 1987)
Probe Mines was a winner this week, climbing to 58 cents before settling back to 50 cents -55 cents at the close. The company’s main asset is a healthy 5% net smelter royalty in the Goldex Mines’ gol…
Editorial No engineering school lineups
From a letter to The Northern Miner from Gilles Barbery, director, department of mining and metallurgy, Laval University, Quebec. There is a clear need to optimize the performance of mining depart men…
Revenues and earnings records for Granges
Record fourth quarter and year- end 1986 results have been reported by Granges Exploration. The company says operating profits for the quarter rose 75% to $949,474, up from $541,629 in the comparable …
Raleigh subsidiary starts production
An Australian subsidiary of Raleigh Energy has commenced mining operations at its Blockade property in the Mount Isa region of Queensland. Powder Metals Australia, the subsidiary, raised $6.5 million(…
Two gold-bearing zones uncovered at Radcliffe bet
Diamond drilling has encountered two gold- bearing zones at Radcliffe Resources’ Valley View massive sulphide prospect in California. The single drill hole was put down as a follow-up to five rotary d…
Four Seasons
Four Seasons Resources has negotiated a $100,000 flow-through share financing which will be used to fund exploration at its Nova Scotia gold property. The company has ground adjacent to and on strike …
Onitap adding third drill rig
A third drill rig is being added on the Boston-Richardson property held by Onitap Resources. Located near Isaac’s Harbour, N.S., the property includes a former producing mine which yielded 50,000 oz o…
Investment Comment Three anaylsts look at Inco
The latest financials coming out of Inco Ltd. have clearly been hurt by the tumbling price of nickel. Though the company did manage to break even for the latest fiscal year ended Dec 31, it did so by …
Locator options Theresa property
Locator Resources has acquired an option to earn a 50% interest in the Theresa gold property near Geraldton, Ont. The 18-claim property was partially developed from 1948-1953 by three shafts to a dept…
SMDC and partners to drill Jojay bet
A $450,000 exploration program will be carried out on the Jojay joint venture project located north of La Ronge, Sask. Partners, the Saskatchewan Mining Development Corp. (51%), Claude Resources (34%)…