An excellent fourth quarter helped Noranda Inc. boost its 1987 earnings almost eight times compared with the previous year. The metals giant reported earnings for 1987 of $343.5 million ($2.14 per sha…
With a first-quarter cash position of $8.4 million, Euro-Nevada Mining of Toronto considers itself well financed to seek royalty acquisitions in the Carlin gold belt near Elko, Nev. Incorporated last …
Two new mineralized zones have been discovered and the potential exists for a third gold showing at the Union Mining-New Bidlamaque gold property at Val d’Or, Que., Mazarin Inc. reports. Mazarin, whic…
Having whetted his appetite for gold during unsuccessful bid for control of Newmont Mining Co., Texas oilman T. Boone Pickens is back in the hunt for another major gold producer. The target this time …
Mineral exploration has been a boon to the Red Lake, Ont., district during the past year. In fact, the sum total of employment generated by those looking for mines rivals that of the Campbell Red Lake…
Drilling by X-Cal Resources on the company’s Snowbird gold property near Fort St. James, B.C., has doubled the strike length of the main gold mineralized zone to more than 4,000 ft. The additional str…
The mineral specimens were magnificent — massive magnetite- chalcopyrite, boulder-sized. The geologists had just brought them in from the field, 2000 miles by foot, helicopter and ‘plane. It was late…
Skarn-type deposits have been minor but steady producers of gold throughout history. More than one million kilograms of gold have been produced from 50 skarn deposits worldwide. This represents only t…
The Golden Harker gold property located north of here has Lenora Explorations excited, so much so that President Robert Kasner is hoping to make a production decision by June of this year, The Norther…
As a long-time resident of Red Lake, I saw large scale exploration carried out in 1945-49 when over 100 properties were being worked, with two prolific gold mines found — Campbell and Dickenson. Thes…
The following is a list of exploration in the Red Lake area over the past year and projected activities for 1988. Re-exploring known sites Much of the exploration activity in 1987 was dedicated to …
There was once a time when almost every home had a coalbin in the cellar. Shiny black nuggets rolled into the bin from the coalman’s truck providing fuel for the furnace. The coalbin held a certain fa…
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