1987

“There is no better place to look for ore than right in your own back yard,” says Paul Penna, who is arranging $3.5-$4 million in new financing for a new underground program at the Cobalt area silver …

Encouraging results have been had in the extensive drilling campaign underway at the Rouyn, Que., property of Senator-Rouyn Ltd., according to W. A. Gamble who is in charge of operations. Interesting …

Dr Owen White, of the Ontario Ministry of Northern Development and Mines has been elected to a 4-year term as president of the International Association of Engineering Geology. The iaeg is an associat…

From an address by Walter Curlook, Chairman of The Mining Association of Canada, at the Association’s annual meeting in Ottawa: We in the mining industry can show that productivity improvement and saf…

Cove Energy Corp. recently announced several corporate developments including options on two former precious metals producers near Nelson, B.C., a private placement with a European financial instituti…

The reactivation of Brenda Mines’ base metal operation near Peachland, B.C., is proving to be quite a success story. Net earnings for 1986 totalled $1.84 million or 40 cents per share and the situati…

Cliff Resources will acquire the Olinghouse gold mine northeast of Reno, Nev., the Toronto based company announced recently. According to Chairman Gary Last, the open pit mine will resume operations i…

Four years ago, at about the Fsame time it decided to market continuous mucking machine, Inco Ltd. laid plans to develop a rapid truck haulage system to keep up with these high production rates. The m…

Card Lake Resources continued to perform on the coats system, trading to a new high of $2.30. News from the company’s gold play in the Harker-Holloway area east of Matheson, Ont., continues to be good…

In addition to a previously announced flow-through financing of $540,000, Sunmist Energy has secured $600,000, at 65 cents per share, from First Exploration Fund l987 and Co. The amount will be spent…

It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers. The exploration company continued a two-wee…

Jobs at all levels of mining are being slashed in the headlong rush to improve productivity and cut costs. As a result, corporate loyalty is dying. Although money has been saved in the short term, the…