Place Res. boosts 1st-quarter income
Net income for Place Resources during the first-quarter of this year was $348,700 (5 cents per share), up from $250,896 (3.5 cents per share) for the same period last year. Cash flow for the quarter…
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Gibralter quarterly loss about equal to last year’s
Gibraltar Mines reports a loss of $1,184,000 or 10 cents per share on revenues of $14,975,000 for the first three months of 1987. This compares to a loss of $1,141,000 or 10 cents per share on revenu…
Queries New Pascalis back to life
I’ve heard rumors that there is some drilling going on at the New Pascalis Mines property up near Val d’Or, Que. I’d understood that that property was just about out of the picture as far as any furth…
Pacific Trans closes $4.2 million financing
A total of $4.2 million has been raised by Pacific Trans-Ocean Resources, the company says. Approximately $1.4 million was raised via the issue of flow-through shares. Another $2.8 million came from a…
Getty, Fairfield to drill Logan
A $1.2 million exploration program will be conducted on the Logan zinc-silver property by partners Getty Resources and Fairfield Minerals. Located 65 miles west of Watson Lake, Yk., the Logan project …
Novamin takeover
The takeover offer by Breakwater Resources for Novamin Inc (N.M., April 13/87) will be presented to their respective shareholders for acceptance in early May. Both companies have signed a memorandum o…
“Operation Wawa” off and running for Galveston
A $1.5 million exploration program is scheduled to begin in the next few weeks on Galveston Resources’ Murphy Lake mine property in Ontario. Known as “Operation Wawa,” the joint venture includes Berle…
CIM presents many awards and medals at its major Toronto annual
Among the many awards and medals conferred at this week’s annual general meeting of the Canadian Institute of Mining and Metallurgy were the following: * Inco Medal, awarded to John C. MacIsaac, presi…
Metal Markets Canada hikes uranium output; global share almost one-
Canada increased its uranium production in 1986 to 30.4 million lbs U3O8 (up two million lb from 1985) and continued to lead the world in production, nuexco reports in its latest annual review. The co…
Good first quarter for Belmoral; new open pit project is planned
Everything seems to be coming up roses for Belmoral Mines. The Toronto-based resource company, which turned an annual profit for the first time in 1986, reports a first- quarter net income this year o…
Encouraging results for Skeena Resources
Skeena Resources says encouraging results have been received from drilling by operator Noranda Inc. on the Schroeder Mountain area of the Maggie Creek Ranch property at Carlin, Nev. Skeena is in a joi…
Bitech signs deal with Greenstone
Alberta-listed Bitech Energy Resources and a wholly-owned subsidiary of Vancouver-listed Greenstone Resources have signed a formal joint venture agreement regarding the Tache property near Chibougamau…