Magnacon yields strong results
The combination of a high percentage of visible gold and good continuity over drifted sections is yielding some pleasant surprises at the Magnacon project 50 miles west of here. Located north of Mishi…
1987
Northern Dynasty ups output at Nevada mine
The transition from open pit to underground mining will boost production at Northern Dynasty Explorations’ 42%- owned Little Bald Mountain gold mine in Nevada, President J. Glenn Simpson reports. With…
News in Brief (November 23, 1987)
Tropicana Resources has changed its name to Tropicana Development Corp. (tna:vse) on a share-for- share basis.
People (November 23, 1987)
Toronto Stock Exchange — Terry Popowich assumes position of vice-president domestic trading, succeeding Huntly F. McKay who is retiring for reasons of health.
COATS Trading Features (November 23, 1987)
One of the volume leaders this week was Findore Minerals which reached a high of 65 cents on 182,000 shares. The company has just acquired 21 claims in Garrison Twp., east of Matheson, Ont. Findore p…
Orofino completes flow-through issue
Toronto-based Orofino Resources has completed a flow-through share issue to raise $3.2 million to fund exploration and development of the company’s existing properties. Orofino says it realized $2.2 m…
Spanish help leach project near first pour: Thorco
A gold-silver heap leach project in southwest Spain is expected to have its first pouring of bullion at year-end, Toronto-based Thorco Resources reports. Thorco, through its 50% shareholding in Centur…
Marker, Varna begin $2.5 m drill program (November 23, 1987)
Marker Resources and partner Varna Resources have started a $2.5- million diamond drilling program on projects in Newfoundland and Manitoba. Varna and Marker plan to amalgamate shortly. In Newfoundlan…
Ontex, Noranda making similar claims
Two lawsuits involving members of the mining community currently under way revolve around claims of withheld information. In the more recent of the two lawsuits, Noranda Inc. is suing Agnico-Eagle Min…
QUERIES Fort Knox report due next month
As a regular subscriber to The Northern Miner, and a registered shareholder of Fort Knox Gold Resources, I am curious to know why I have not received an interim report from the company. Rumor has it t…
Morono exploring two properties
An exploration program by Morono Mines is under way on two properties in northwestern Quebec, the Verneuil and Dufay, the company reports. The work is to be completed by late winter, 1988. Six drillin…
Glamis profit hurt by court decision
A lawsuit which went against Glamis Gold hurt the company’s bottom line for the fiscal year ended June 30. For the period, net earnings totalled $429,538 or 3 cents per share compared to earnings of …