Second drill working at Abitibi prospect
A second drill is now working on the Jolin gold property in northwestern Quebec, where encouraging results were obtained from the initial 10 drill holes, Abitibi Metals Mines reports. The company says…
News
Mineta drills sulphides
An 8-hole drill program has traced a sulphide horizon for 5,000 ft, partners Mineta Resources and Hyperion Resources say. Located in Casa Berardi Twp., Que., the property is south of the Golden Pond g…
Equity Silver improves its financial position
The past year was good for Equity Silver Mines. As well as paying off its bank debt and paying dividends to shareholders for the first time, the company reports it substantially improved its financial…
Glen Auden options three projects
The market crash doesn’t appear to have slowed down the deals being made by Glen Auden Resources. The junior explorer, which identifies project areas and then brings in partners to carry the company f…
Teck earnings up from last quarter
Teck Corp. has net earnings for the quarter ended Dec 31, of $17.2 million compared to $6.5 million a year earlier. After deducting preferred share dividends, net earnings were 42 cents per share, up…
Placement with Hemlo Gold helps Viceroy in California
A $10-million private placement with Hemlo Gold Mines will enable Viceroy Resource Corp. to purchase crushing, conveyor and stacking facilities for its Castle Mountain project in San Bernardino Cty., …
Uranium symposium (February 15, 1988)
The 13th annual symposium of the Uranium Institute is scheduled for Sept 7-9 in London, England. Uranium supply and demand is expected to be among the topics of discussion, along with political pressu…
Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
Western Quebec purchases stake in mining projects
Western Quebec Mines has signed an agreement with one of its major shareholders, Valmag Inc., to purchase Valmag’s interest in two mineral properties known as the Shawkey and Shawkey South. The Shawke…
TIMMINS REPORT Kidd Creek completes new silo
Work is nearing completion on a new cement silo at the Kidd Creek Mines minesite 15 miles north of Timmins city centre. Eric Belford, vice-president mining for the Falconbridge Ltd.-owned company, say…
Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
Lacana, Exador find new gold zone at Acad’or bet
A significant zone of gold mineralization has been located on the Acad’or gold-silver property in northern New Brunswick, near Bathurst, joint venture partners Lacana Mining and Exador Resources repor…