News

A reverse circulation drilling program is expected to start shortly on the Alameda and Clio properties recently acquired by United Gold Corp. Located in the Mother Lode area of California, the two pro…

A drastically reduced debt load is the key to Campbell Resources’ return to profitability, says President Richard Lister. For the fiscal year ended June 30, the company reported a net loss of $16 mill…

There has been a sharp increase in West zone reserves at the Sulphurets property in northwestern B.C. Newhawk Gold Mines and Lacana Mining’s combined 60% interest in the project has now been put into …

its Special shares payable Dec 1 to shareholders of record Nov 28.

under the latter name, both on a share-for-share basis.

Cassiar Mining reported a 9-month loss of $2.5 million compared to a profit of $677,000 for the corresponding period in 1985. The company’s third quarter loss was $1.6 million compared to $1.2 million…

Ltd. on a basis of 1 new for 3.5 old shares.

Increased profit and record gold production highlight the 9-month report of American Barrick Resources Corp. For the nine months ended Sept 30, net income of $11.3 million was posted before extraordin…

** gold property ** A 4,000-ft diamond drilling program is scheduled to start on the Lig htning Minerals gold property 50 miles northeast of Yellowknife, N.W.T. The drilling will follow up a positive…

A mining engineer who joined the Calgary-based Westmin Resources organization as general manager in 1982 to oversee that company’s major expansion of its Myra Falls base metals-precious metals operati…

Selling part of an Australian subsidiary boosted Placer Development’s net earnings to $113.7 million for the period ended Sept 30. The sale of a 21.4% interest in Placer Pacific, which represented a n…

Mark Waller who has resigned. RESOURCE COMMUNICATIONS — Dennis Nagata appointed president.