Omni launces underground work
An underground development program is under way at Omni Resources’ Skukum Creek gold property in the southern Yukon. A 1,500-ft adit is being driven into what is thought to represent the main gold-sil…
News
Little Stull results for Tanqueray/Westmin
Anomalous gold values have been intersected by Westmin Resources on the Little Stull gold property held in joint venture with Tanqueray Resources. Located in Manitoba, the Little Stull property was te…
SUPPLIER’S NOTES Unit Rig & Equipment Co.
The Magma copper mine, in San Manuel, Ariz., has bought three additional M-100 Lectra Haul trucks from Tulsa, Okla.-based Unit Rig & Equipment Co. The fleet rep resents the first complete factory re-m…
50 YEARS AGO –FEBRUARY, 1937– DIAMOND DRILLING PLANS REPORTED BY
It is probable that more diamond drilling will be done in Canada this year than ever before if the plans of a host of new mining companies materialize. This deduction is made after a preliminary surv…
Vancouver Stock Exchange U.S. dollar’s loss is gold’s gain
The Vancouver market hasn’t been able to match the gains posted on New York and Toronto, but not many others have either. Brokerage month-end, about a week ago, has put downward pressure on prices, bu…
Montreal Exchange Drilling pushes Aur up
Ore-grade gold values in 18 of 22 holes drilled on Aur Resources First Canadian property near Val d’Or, Que., boosted the company’s stock by about 13% during the week to close up 63 cents at $5.38 on…
St. Joe Gold’s profit improves in fiscal 1986
St. Joe Gold reports net income of $7.9 million or 25 cents per share for the year ended Oct 31 compared with $5.3 million or 17 cents per share for the same period a year earlier. The company, a unit…
EDITORIAL More Mining
A readership survey recently conducted by our editorial staff gave us some very important indications about what you want from The Northern Miner Magazine. Whil e those of you who replied to the surve…
Roxmark drilling Magnet mine bet
Half of a 10,300-ft drill prorgam has been completed by Roxmark Mines on the company’s property near Geraldton, Ont. Located in Errington Twp., the property includes the old Magnet mine shaft and unde…
Abermin should benefit from Aberford/Encor merger
A merger between Aberford Resources and Encor Energy (formerly Dome Canada) is expected to benefit Vancouver-based Abermin Corp. According to Roger P. Taylor, Abermin president, the proposed merger wi…
Annual Coal Review 1987 COAL REPORT TECK CORP-BULLMOOSE
The Bullmoose multiple-seam open pit coal mine is near Tumbler Ridge in northeastern British Columbia. Metallurgical coal is sold to nine Japanese customers under 15-year contracts. The contracted qua…
Barrick subsidiary issues innovative gold-backed bond
A wholly-owned U.S. subsidiary of American Barrick Resources has launched a $50 million(US) gold- indexed Eurobond guaranteed by American Barrick. The notes allow the company to borrow money at a low …