Gold Bar completes Chester Twp. drilling
A drill program consisting of 5,000 ft in six holes has been completed by Gold Bar Resources (COATS) and Canadian Gold Resources (ASE) on their Chester Twp. property near Gogama, Ont. The recent progr…
1989
News in Brief (February 27, 1989)
South Pacific Gold has changed its name to Western Carlyle Concepts Inc. (WCL:VSE) on a share- for-share basis. *…
Earnings Reporty
Brunswick Mining and Smelting (TSE) reports net earning for the fourth quarter of $14.83 million or 41 cents per share. For the same period a year earlier the company reported net earnings of $7.8 mi…
Can Mac results from N.W.T. bet
A first phase 3,394-ft drill program has been completed by Can Mac Exploration (VSE) on the company’s Mon gold property. Located 30 miles north of Yellowknife, N.W.T., the Mon claims were originally a…
FirstMiss earnings
FirstMiss Gold (NASDAQ) reported net earnings of $1.7 million or 10 cents per share for the six months ended Dec 31, 1988 compared to $930,000 a year earlier. The increase was due to interest earned o…
Dickenson head …..para 12 insert…
Meanwhile, Dickenson has applied to the Ontario Securities Commission (OSC) for an order directing Corona (or, specifically, Corona Minerals, the company’s wholly-owned subsidiary which is making the …
High grade shoots found at United bet
United Gold Corp. (VSE), which recently became part of the Northgate Exploration (TSE) group, is carrying out additional exploration at its Clio gold property in California. The Clio property is situa…
Northern Dynasty plans follow-up
Follow-up exploration is planned this year by Northern Dynasty Exploration (VSE) on its Misenkow River project in Ontario’s Pickle Lake area. A joint venture consisting of Northern Dynasty, Westfield …
Pegasus earnings reflect higher gold production
A 24% increase in gold production boosted the net earnings of Pegasus Gold (TSE) to $17.8 million(US) or 75 cents per share in 1988. These results compare with a $14.5 million profit or 70 cents a s…
Deak Res. set to acquire old MacDonald zinc mine
Deak International Resources, a subsidiary of the New York metals trader Deak International Inc., is close to acquiring Noranda Inc.’s (TSE) 51% stake in the former West MacDonald zinc mine in Quebec….
Jerome sampling is encouraging
Initial chip sample results from the underground drift faces on the South zone at the 500-ft level of the Jerome project in northern Ontario averaged 0.28 oz gold per ton, across an average width of 5…
Improved gold production boosts Echo Bay profit
Improved gold production enabled Echo Bay Mines (TSE) to increase earnings in 1987 to $54.4 million (US) from $48.5 million(US) realized in 1987. For the year, Echo Bay produced 585,000 oz of gold com…