1988

Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…

After spending a decade building its placer mining base, Queenstake Resources is using cash flow from this sector to develop several hardrock properties. Gordon Gutrath, president, believes a producti…

Imperial Metals reports net income for the 9-month period ended Dec 31 of $766,000 or 4.5 cents per share on revenues of $2.7 million. This compares to a loss of $54,000 or 1.4 cents per share after…

A 12,000-ft drilling program is being carried out by Carlson Mines and its joint- venture partner Black Gregor Explorations on their Hemlo-Marathon property, north of Lake Superior, Ont. The program, …

With around $200 million in hand from the sale of its mining arm to Australia-based Western ining Corp., Northgate Exploration is well positioned to acquire some new gold properties. The Toronto outfi…

A local consulting engineer, Ronald B. Stokes, is organizing a safari to Australia which won’t require a rifle. However, a “riffled” sluice box might help because the safari is for gem collectors and …

Hecla Mining Co. of Canada has optioned the Mooseland gold property owned by Acadia Mineral Ventures. Under the terms agreed to by both companies, Hecla can earn a 60% interest by financing the projec…

As holder of a considerable royalty interests in American Barrick Resources’ Goldstrike property near Elko, Nev., Franco-Nevada Mining of Toronto finds itself in an enviable position. Franco-Nevada ho…

Partners NSR Resources of Toronto and Nova-Cogesco Resources say they are just two months from a feasibility study at the Rand Malartic project in Fourniere Twp., Que. The joint venturers are executin…

Inco Ltd. says its research program is continuing to indicate potential for further reductions in sulphur dioxide emissions from the company’s Sudbury smelter complex. In a report to the Ontario minis…

Levesque Beaubien Inc. will test the financial waters “in the next little while,” to raise exploration funds for NovaGold Resources, The Northern Miner has learned. The geological consulting firm Watt…

Australia-based Western Mining Corp. has named a new chief executive officer to run its Canadian subsidiary. Jim Lalor, Western’s general manager of investment projects, is scheduled to take up his ne…