Faraway slates further drilling on B.C. claims
Additional drilling is slated in l988 on Faraway Gold Mines’ Sam claim group near Equity Silver’s mine southeast of Houston, B.C. Preliminary results from a $500,000 program carried out this year, in…
News
By ’91 Barrick could produce a million oz from North America
American Barrick Resources could be the first Canadian mining company to top one million oz in annual production with its output coming solely from North America, says a report by Merrill Lynch mining…
Rising copper prices boost Gibraltar profits
For the first time since copper prices began to weaken in 198l, Gibraltar Mines has reported a 9-month profit. Earnings were $963,000 or 8 cents per share, compared to a loss of $3,470,000 or 30 cent…
More drilling under way on Golden North claims
Following a successful $1.5-million spring program of drilling and development work, Golden North Resources is spending a further $617,000 to drill the Canty East target area of its Nickel Plate Mount…
New Mascot underground mine to augment surface production
Production at Mascot Gold Mines’ Nickel Plate operation near Hedley, B.C., has traditionally been from underground workings, despite the fact there is a major open pit mine there today. But Mascot has…
Cambior earnings (November 30, 1987)
Net income of $13.5 million (59 cents per share) on revenue of $64.4 million was recorded by Cambior Inc. during the first nine months of 1987. (Cambior was inactive prior to July 31, 1986.) In the th…
Minnova completes B.C. drilling
Minnova Inc. recently completed approximately 4,000 ft of drilling on International Maggie Mines’ Indian River property near Squamish, B.C. The drilling defined two mineralized exhalite horizons withi…
Abermin to drill NWT gold find
A high grade gold-bearing vein system discovered during the 1987 season by Abermin Corp. will be further investigated by field work and an extensive drilling program next spring. The Wombat zone is at…
Westmin Resources boosts earnings
Net earnings for the first nine months of 1987 totalled $14.3 million compared with $5.4 million for the same period last year, Westmin Resources reports. Gross revenues during the same period amounte…
Fairfield listed
Recently listed for trading on the Montreal Exchange was Fairfield Explorations of Rouyn-Noranda, Que. (symbol ffr). The company reports it is starting a $407,000 exploration program on three gold pro…
Utah option on Glencairn claims
Glencairn Explorations has signed an agreement in principle with bhp-Utah Mines, a U.S-based company. Utah has the right to earn a 55% interest in Glencairn’s 24- claim Blue Mountain gold property in …
Oz and Farboro option property
Two Quebec-based firms, Oz Exploration and Farboro Resources, have jointly obtained an option to acquire a 100% interest in property in Elmhirst Twp., in northwestern Ontario’s Thunder Bay mining divi…