Two drill rigs on Perrex bet
Two diamond drill rigs will start drilling in early September on the northeastern Ontario Iris Gold claims of Perrex Resources, the company reports. President Alex Perron says stripping, trenching and…
News
NO HEADLINE (August 24, 1987)
TEXT: Cominco Resources International spent $1.9 million on various exploration projects during its first quarter of operation. Feasibility work was also in progress at three projects: Topaz berylliu…
Coal Conference (August 24, 1987)
The 6th Australian Coal Conference conducted by the Australian Coal Association will take place April 17-21, 1988, in Brisbane. Theme of the conference will be international challenge and response. Am…
Books (August 24, 1987)
The Saskatchewan Geological Society is holding a stock- reduction sale of several of its special publications. Book prices in effect as long as supplies last or until the end of the year (whichever is…
Overseas Platinum acquires interest in GUYANA gold bet
Overseas Platinum recently acquired the right to earn a 76% interest in a large gold property in the Republic of Guyana. The 354-acre mining lease covers the Hick’s vein, which was explored by Cominco…
Loss by potash firm cuts into Rio earnings
A substantial loss incurred by Potash Corp. of America was the principal reason for a decrease in consolidated net earnings for Rio Algom in the first six months. The company reports earnings in the p…
Amir buys control of Arizona Star
A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000. In addition, Amir acquired a one-year option to purc…
New Quintette Coal pit to boost output, revenue
Quintette Coal dug deeper into the black as it opened its new Shikano pit at a capital cost of $12 million. “This third production area will represent 20% of production output and, more importantl…
Elder property returns additional encouraging values
Additional good drilling results have been obtained from the Elder property in northwestern Quebec, west of the old stopes between the 12th (1,625-ft) and 14th (2,020-ft) levels, Aunore Resources repo…
Dolly Varden reactivating famed B.C. silver camp
An adit is expected to be collared by Dolly Varden Minerals at its Alice Arm, B.C. silver property by month-end. In doing so, the company will be reactivating one of B.C.’s most famous silver mining c…
120,000 oz gold in 1988 at Mascot’s nickel Plate
The Nickel Plate mine of Mascot Gold Mines here is among the largest open pit gold mining operations in North America and is producing the yellow metal for the third time since 1902. At the official o…
Hemisphere busy with four projects
Exploration programs are under way on four properties controlled by Hemisphere Development. In the Courageous Lake area, N.W.T., the company is drilling sections of a 14-km-long property which adjoins…