Phase two work started by Vista
Vista Mines reports extensive exploration will be conducted on the WC-1 zone on its Bootleg Lake- Rio deposit mineral leases in northeastern Saskatchewan. The company started a phase II drill program …
News
Alcan staging construction of new smelter
A new aluminum smelter for Chicoutimi, Que., has been announced by Alcan Aluminum, with construction to be phased in over a five-to-seven-year period. First phase of the Laterriere smelter, to be buil…
Campbell Res. shows profit in 1st quarter
A first-quarter net profit this year of $349,000 was recorded by Toronto-based Campbell Resources, compared to a loss of $4.6 million for the same period last year. Taking into account discontinued op…
Total Erickson shopping for another acquisition
With no bank debt and a $10-million line of credit, Total Erickson Resources is looking for a new acquisition in either the oil and gas or mineral sectors. President Jean-Pierre Januard also told the …
Lencourt is positive on silver property
A positive feasibility study has been received by Lencourt Ltd. for the company’s silver property near Gowganda, Ont. The report concludes that the property be brought to production to yield 350,000 o…
Farady records healthy quarter
Faraday Resources of Toronto reported a net income for the first quarter of 1987, before extraordinary item, of $5.3 million (compared with $225,000 for the same period last year), and after extraordi…
Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
Jascan drifting at Pansilver property
A, 2,000-ft drift being driven by Jascan Resources, is expected to be completed within three months, the company tells The Northern Miner. The underground work has progressed more than 400 ft on the c…
Drilling increases Estrades reserves
A drilling program on the Estrades project in the Casa Berardi area of Northwestern Quebec continues to produce some promising results. Golden Hope Resources and Golden Group Explorations said that …
Editorial Scotian Gold
The geology of Atlantic Canada is associated in the minds of many Precambrian geologists and Upper Canadian mining analysts with images of small-scale industrial mineral operations making little, if a…
HSK plans to raise $6 million
HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston G…
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…