1987

Red ink for Sherritt Gordon

Unable to withstand the unrelenting pressure of weak fertilizer prices, the bottom line of Sherritt Gordon Mines has caved in with a loss, before unusual item, of $3.2 million for the year ending Dec …


Alberta Stock Exchange Naneco continues climb

Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…


Hemlo Gold shares flood back to Canada

As much as $20-million worth of stock in Hemlo Gold Mines, one- fifth of the shares sold by Noranda Inc. in Europe, came back to Canada within two days of the initial public offering, estimates one in…


Royalty trust considered by Franco Nevada Mining

A study has been commissioned by Franco Nevada Mining Corp. to determine the feasibility of placing the Goldstrike and Post claims located in the Carlin area of Nevada into a U.S. Royalty Trust, says …


Cortez rediscovers magnesite deposit

A proven, high grade magnesite ore deposit on and adjacent to the Deer Trail mine property in Stevens Cty., Wash., has been rediscovered, L. George Reynolds, chairman of Cortez International, has anno…


Teck drilling Estrades ground

Drilling has started on the Estrades property in the Casa Berardi area by operator Teck Explorations and joint venture partners Golden Hope Resources and Golden Group Explorations. The drilling is aim…


Drilling this month planned by X-Cal

A follow-up diamond drill program is scheduled to start this month on X-Cal Resources’ Snowbird gold property in central B.C. The 5,400-ft drill program was prompted by encouraging results derived fro…


Dundee/NAR results from Vezza property

Several encouraging intersections have been completed by partners, Kennco Explorations, North American Rare Metals and Dundee-Palliser Resources on a 203-claim property in Vezza Twp., Que. Located app…


Northair drilling `Spectacular’ intersection

Recent drill results from Northair Mines’ Willa gold project in southeastern B.C. included one spectacular intersection grading 1.4 oz over 59 ft. According to Donald A. McLeod, president, check assay…



Queenstake options California gold bet

Queenstake Resources has optioned its Argus gold property near Bakersfield, Calif., to Childs International, a subsidiary of an Australian mining group. The company will be able to earn a 60% interest…



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