Timmins Report Positive results on Puissance
The contribution of flow- through funding for junior exploration programs is still being felt in the Timmins area. One of the more interesting projects is known as the Puissance project of Orcana Reso…
1988
High gold values found at McAdam Res. project
Toronto-based McAdam Resources has encountered some high gold values at the Spud Valley joint venture project on Vancouver Island, B.C., the company said recently. McAdam holds a 75% interest while pa…
Survey results Timmins area now available
Results are now available from a recently-completed airborne geophysical survey covering an area of 6,000 square kilometres surrounding the city of Timmins, and conducted by Ontario’s ministry of nor…
Queries Armistice committed at Larder Lake
As a shareholder of Armistice Resources, I am writing to ask for some information on this company. I am particularly interested in Armistice’s Larder Lake property and I would also like to know if Arm…
Letters to the Editor (March 21, 1988)
I do hope you plan to soon re-introduce oil stock quotations. Many of the oils have mining properties, for example, Barons Oil, in which I have an interest. Too, The Northern Miner is such a reliable …
Lac omits stats on Williams mine
Shareholders of Lac Minerals are sure to be pleased by the company’s 1987 earnings of $38.7 million. But when those same shareholders gather April 14 for the company’s annual meeting, there is bound t…
Colony incurs loss
A net loss of $12,000 is reported by Colony Pacific Explorations for the year ended Oct 31, 1987. This compares to a loss of $503,000 the year before. Operating income was $39,000 on revenues of $318,…
Another Carlin strike for Barrick Res.
They may have called it the “Screamer” deposit, but American Barrick Resources has kept very quiet about the latest discovery along the Carlin gold trend near Elko, Nev. While the Toronto company has …
Cusac draws healthy return from B.C. mine
Gold production of 21,840 oz was achieved in 1987 at the Table Mountain project near Cassiar, B.C., according to preliminary data released by Cusac Industries of Vancouver. The mine is operated by Tot…
Belmoral, Yorbeau complete agreement
Completion of an agreement whereby Belmoral Mines will spend $10 million to acquire a 50% interest in Yorbeau Resources’ Astoria gold property in northwestern Quebec, and $5 million to acquire Yorbeau…
Editorial Paying for municipal services
Mining has been good for the north, but as mines develop it is often difficult to ensure the north keeps its share of the wealth mines generate. Money spent on wages and services are generally recir…
Metal Prices FUTURES PRICES (March 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.30 101.10 101.10 + 1.60 May 97.00…