News

First-phase work at Favourable Lake gets under way

First phase of a $7.8-million underground development program at the joint-venture Favourable Lake gold-silver project in northwestern Ontario, north of Red Lake, is under way. Partners in the venture…


Queries There’s hope for O’Brien Energy

I have been a shareholder of O’Brien Energy and Resources for a good many years. I have followed its progress through news stories with interest and optimisim. Your reviews have generally been support…




Alotta plans drill program

New Mexico based Alotta Re- sources is set to begin work on a number of properties in the Val d’Or, Que., area. According to President Albert Applegath, the company has optioned 21 claims known as the…



WHAT’S NEW Open pit equipment More Loaders

Komatsu Canada (Mississauga, Ont., and Richmond, B.C.) has added four new wheel loaders to its existing line of small-size loaders. The new units have capacities of 1.2, 1.5, 1.8 and 2.1 cu m. All mod…



Lyon Lake enters into agreements on 3 properties

Three agreements concerning Quebec properties with gold- bearing potential have been entered into by Lyon Lake Mines. In consideration of a lump sum, Lyon has acquired a 100% interest in 158 claims in…


Plant start-up cuts earnings for Steep Rock

Steep Rock Resources reports net earnings of $83,600 in the first quarter this year, compared with net of $133,600 for the similar period in 1986. The earnings drop, the company says, is attributable …



General News & Comment Blasting conference

The third annual Pennsylvania Blasting Conference and Exhibit will take place Nov 12 and 13 at the Keller Conference Centre on the Penn State campus in the U.S. Papers will be presented on current dev…


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