Noranda gold find on Destiny claims
Drilling by Noranda Exploration on a property shared with Destiny Resources has intersected a gold mineralized zone 65 miles east of Timmins, Ont. Known as the Windjammer project, the property covers …
News
Brenda improves profit (November 16, 1987)
Stronger copper and molybdenum prices were cited as the reason behind improved earnings at Brenda Mines. The company, which operates a large copper-moly mine in British Columbia, realized net earnings…
Ecudor new name of La Pause Res.
Quebec junior-mining firm La Pause Resources has a new name: Ecudor Mining Society. The name change and a share consolidation, on a 10-old-shares- for-1-new-share basis, were approved at the company’s…
Equinox results from Muskox bet
Partial results have been released from a recent exploration program at the Muskox property in the Northwest Territories. The property is the subject of a joint venture agreement between Equinox Resou…
Brunswick scratches profit from extraordinary gain
Earnings from operations at Brunswick Mining and Smelting Corp.’s large zinc-lead operation near Bathurst, N.B., failed to materialize during the third quarter ended Sept. 30. For the period, the mine…
Sigma earnings
Net income of $4.8 million (59 cents per share) for the first nine months of 1987 has been reported by Sigma Mines (Quebec), compared with $4.97 million (42 cents per share) for the same period last …
Copper breaks $1-mark, best since 1980
Copper, which along with most other base metals has been enjoying an excellent year, has topped the $1(US)-per-lb-mark. Copper futures have also been “flying high” on Comex in New York. The “dollar” b…
Report from Calgary Getty/Noranda still No 1
As Canada’s northern lakes freeze over, Otter and Beaver aircraft are making the conversion from floats to skis in preparation for transportation support of winter drill programs in western Shield loc…
SOQUEM selling Seleine salt mine
SOQUEM, the Quebec Crown corporation involved in mining and mineral exploration, is selling its rock salt mining business. The salt mining operation, located on the Magdalen Islands in the Gulf of St….
Minerals play a vital role in society
Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …
New exploration records for Newfoundland in ’87
Mineral exploration activity in Newfoundland during 1987 will very likely set new records for (a) claim staking, (b) the number of claims held in good standing, (c) total exploration expenditures and …
Cominco, Platinova outlining wollastonite
Work by Cominco Ltd. on a wollastonite property near Tweed, Ont., has identified a zone striking for 1,000 m. Partner Platinova Resources says that the zone could host several million tons of the indu…