Iron ore workers approve contract
Iron Ore Company of Canada workers at Labrador City, Nfld., members of USW Local 5795, have approved a new contract. Terms of the contract were not disclosed. The union local is the bargaining unit fo…
News
Profit on growth curve for Kerr Addison Mines
With two new high grade mines waiting in the wings, Kerr Addison Mines expects this year’s bottom line to look better than ever. This expectation is already unfolding as it should. Net earnings of $4….
Calpine completes five drill holes
Calpine Resources of Calgary has announced the completion of five holes (2,251 ft) on the DD zone at the Eisler Lake, Sask., gold property. Complete results are not yet available. Hole No 1, drilled …
Investment Comment Trader Resource Corp. is in the transition stage
Investors looking for exposure in a company which is making the transition from exploration and development to the producer stage might consider Vancouver-listed Trader Resource Corp. Trading at press…
Canamax closes in on gold production target
A mere five months after its Bell Creek project went into production, Canamax Resources has made two announcements which could bring the Toronto gold mining company closer to realizing its plan to pro…
Metal Snips (May 11, 1987)
Two American firms, A-Mark Precious Metals and Manfra Tordella and Brookes, have become official distributors of the Isle of Man’s platinum Noble bullion coins. Introduced in 1983, the coins are 99.95…
Queries Watson Lk. claims are near Sault Ste. Marie
Recently you described Operation Wawa. It was of interest to me as I hold stock in Watson Lake Mines which has a large claim between Sault Ste. Marie and Wawa, Ont. I have been through the last year…
Atlantic Report New N.S. company into gold action
Scotia Prime Resources, a new Halifax-based company that is entering the Nova Scotia gold play, has acquired several properties with gold potential in the Meguma Group of rocks. Among them are former …
Neptune claims in New Brunswick
Neptune Resources reports it has staked and recorded 40 claims on the Cape Spencer structure near St. John, N.B., in a project to be known as the Marigold project. President M. K. Witte says the compa…
Editorial Mining like shovelling snow?
Just when we thought the Mining Association of Canada was winning its battle of informing and educating our elected representatives in Ottawa, this gem comes across our desk: “Extracting minerals fr…
Diana buying 28 claims
A 2,800-acre, 28-claim property in Bearn and Dalquier Twps. in northwestern Quebec is being acquired, subject to regulatory approval, by Diana Resources. The property is one block removed and on strik…
Promising Moneta results
A 14,000-ft reconnaissance drill program has outlined two zones of gold mineralization, Moneta Porcupine Mines says. The work was completed on the company’s 100%- owned property in Michaud Twp., Ont. …