News


Bitech acquires Nfld. claims

Recently acquiring 24 claims near Dog Pond in south-central Newfoundland was Bitech Energy Resources of Toronto. The agreement calls for a 2% net smelter return and is subject to regulatory approval. …


Chesbar starts ramp extension

A 2,000-ft ramp extension program is under way at the Chester Twp. gold project in northern Ontario that will provide access to the 300-ft, 400-ft and 500-ft levels for underground exploration, Chesba…


1987 financial results, best ever for Northgate

Following the sale of its Chibougamau gold/copper mines to Western Mining Corp. of Australia, Northgate Exploration recently reported its best ever financial results. Northgate ended the year with app…


Letters to the Editor Ok Tedi ok

For the record, it would be appreciated if you could inform your readers that the title printed over my article in the March 7 issue does not reflect the views expressed in the article itself. The Ok …


Mining courses at Penn State

A series of short courses on mining and mining-related subjects is being offered from March through June of this year by the college of earth and mineral sciences at Pennsylvania State University. The…



No bull market for gold in `88: Shearson

Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…



Laurin named to head SOQUEM

The Quebec government mining company soquem (Societe quebecoise d’exploration miniere) has a new president and chief executive officer. Andre Laurin, formerly assistant deputy minister (mines) with th…


Production increases 11% at Audrey’s Mobrun

With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…


Minnova reports drop in income

Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…


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