Correction (November 16, 1987)
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
1987
Atlantic Report NovaGold going to bulk sample
Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…
Newhawk releases program results- 1 col 18TR
A total of 35,000 ft of surface diamond drilling has been completed this year by Newhawk Gold Mines on its Sulphurets project north of Stewart, B.C. The company recently obtained approval to increase …
Carlin reserves rising to South Africxa proportions
From the rear seat of a helicopter it looks more like the backdrop to a spaghetti western than the site of North America’s latest gold rush. As the visitor hovers over the open pit mines along the Car…
Fargo, Brenda reach agreement on kaolin project
An agreement has been finalized by Fargo Resources and Brenda Mines covering the Lang Bay kaolin property at Powell River, B.C. Brenda, a member of the Noranda group, may earn a 50% interest in the pr…
Duration’s Theresa could produce in ’88
Pending the successful completion of an expanded underground evaluation of the Theresa mine property, equal partners Duration Mines and Locator Explorations could be in the gold mining business by the…
Financing for Glen Auden
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
News in Brief (November 16, 1987)
Cal-Denver Resources has changed its name to Carson Gold Corp. on a basis of one new for two old shares.
Three machines drilling on NovaGold’s property
Toronto-listed NovaGold Resources Inc. has put a third drill on its 32-claim Fifteen Mile Stream gold property located 60 miles northeast of Halifax, N.S. “Our geophysical surveys indicate the Plenty …
Westmin/Canacord announce more Big Missouri reserves
Partners Westmin Resources and Canacord Resources say they are currently re-estimating geological and mineable reserves at the Big Missouri property near Stewart, B.C. Previous reserves at the propert…
Pacific options Telesis property
Pacific Trans-Ocean Resources has purchased a 56.5% interest in the Gordon Lake property owned 43.5% by Telesis Corp. Located in the N.W.T., the property is two miles from Echo Bay’s Lupin gold mine. …
Hedman stakes near Matheson
Industrial mineral producer Hedman Resources, is getting into the grassroots gold exploration game. The company has completed a staking program which staked 560 claims in five blocks within McCool, Mi…