Gulf Intl. results
A drill program by Gulf International Minerals on the company’s McLymont claim group has cut 13 ft grading 0.82 oz gold per ton. Another hole assayed 7.7 oz of gold across 6.6 ft. The claim is located…
News
La Fosse has spent $5 million to date on PGM exploration
La Fosse Platinum Group, a company set up specifically to look for platinum group metals in the Labrador trough area near Schefferville, Que., in its first quarterly report says it has completed $5 mi…
United Reef samples Montana property
United Reef Petroleums is encouraged by underground sampling results from the company’s Alder Gulch gold property in Montana. Sampling of the Atlas vein returned an assay of 0.27 oz gold per ton acros…
Coxheath shooting for Feb decision at Tangier gold bet in Feb ’88
A mine production decision on the Tangier gold property, 100 km northeast of Halifax, N.S., could be made by Coxheath Gold Holdings as early as February, 1988. Underground exploration work is well adv…
Newmont has income drop in 1987 third quarter
While rebounding from the beating it took during the recent takover bid by corporate raider T. Boone Pickens, Newmont Mining Corp. has reported a drop in net income for the 1987 third quarter. Newmont…
Royex paper shuffle
Royex Gold Mining Corp. has signed a deal which will see affiliate company Mascot Gold Mines purchase 1.4 million shares of Golden North Resources from Royex. Mascot will issue Royex 450,000 of its co…
Lac acquires 85% interest in Chilean zine mine, properties
Lac Minerals, through its wholly owned U.S. subsidiary Lac Minerals (USA), has made a $19-million (US) investment in a zinc mine and several base and precious metals exploration properties in Chile. T…
Montreal Exchange Light trading week (November 16, 1987)
Light trading volumes and a declining market highlighted activity on the Montreal Exchange this week, where among the “top movers” were some of the larger resource-based companies, including giant gol…
Horsham extraordinary gain
The largest shareholder and parent company of American Barrick Resources, The Horsham Corp., posted a net profit of $42.3 million or 75 cents per share for the 9-month period ended Sept 30. The profi…
Breakwater shows a profit after production increase
After a 40% production increase and a 30% hike in the price of gold, Breakwater Resources has broken out the black ink to record its financial results for the first nine months of 1987. Vancouver-base…
Former Belmoral president busy with other projects
Mining executive J. Malcolm Slack isn’t running Belmoral Mines any more, but he’s not out of mining. The son and grandson of gold miners has other projects on the go, and has developed another interes…
Job vacancies surveyed
Mining is among industries cited by Technical Service Council in a quarterly survey of job vacancies among 1,700 firms across Canada. The survey, the Council says, represents openings in the mining, m…