Correction (November 30, 1987)
American Barrick Resources reported net income of $17.7 million for the first nine months of 1987. The Northern Miner printed an incorrect figure in the Nov 23 issue.
News
Perron Gold drilling H vein in preparation for drifting
In preparation for planned drifting on the 1,362-ft level at Perron Gold Mines’ Sleeping Giant project north of Amos, Que., a drilling program has been started to test the H vein, section by section b…
Kapalua planning drilling program
A drilling program to follow up on earlier exploration work is planned by Calgary-based Kapalua Gold Mines on its Briscoe-Bryce gold property in northeastern Ontario. President A. David Birkett report…
Cons TVX to buy interests in Chile
An agreement has been signed which will give Consolidated TVX Mining Corp. a 49% interest in mining concessions in Chile. The concessions include the La Coipa gold- silver property which was explored …
Field work to start at Coronado/Bourdeaux
Field work will begin immediately at Coronado Resources’ Davis Lake joint venture gold property in Saskatchewan’s La Ronge mining district, the company said. According to Coronado, the program will co…
Hector completes drilling B.C. gold/ silver claims
A 2,000-ft drill program on Hector Resources’ gold claims in the Iskut River area of northwestern B.C. has produced encouraging gold assays. Hector has a 100% interest in the claim group, which adjoin…
Hit the Jackpot
A large group of miners from Inco’s Frood mine in the Sudbury district of Ontario last week came up with the right number combination in the big Lotto 6/49 lottery, to win $1,600,000. The 58 people in…
Bitech drill program
A 14,000-ft diamond drill program has been started by Bitech Energy Resources on the company’s Tache Lake gold-zinc property near Chibougamau, Que. The program is designed to outline and confirm ore r…
COATS Trading Features (November 30, 1987)
Long suffering Carolin Mines shareholders saw some volume this week as 177,000 shares traded hands. The issue was unchanged at $1.70 after hitting a high of $1.80. Carolin owns a low grade gold deposi…
Queenstake doubles gold output
Production from Queenstake Resources’ placer mining operations in the Yukon doubled this year to l3,000 fine ounces of gold before royalties, President Gordon Gutrath reports. The production season in…
Visible gold found at Radcliffe’s North Lake
As Radcliffe Resources prepares to drill the fifth of a 10-hole program at its wholly-owned North Lake property 25 miles north of La Ronge, Sask., the company says it has encountered visible gold. Vic…
Prices, investment gains aid Placer Dome profit
Higher gold prices and recent gains from investments boosted Placer Dome’s earnings for the first nine months of 1987 to $184.6 million or 35 cents per share, on revenues of $603.1 million. This is u…