1987

David Bell mine helps Teck boost annual earnings

Net earnings (unaudited) of $33.6 million (70 cents per share) on revenues of $203 million were recorded by Teck Corp. for the 1987 fiscal year ending Sept 30. Teck’s fourth-quarter earnings during th…


Alberta Stock Exchange Investors like Argus

It’s two weeks now since Argus Resources revealed its massive sulphide discovery near Contwoyto Lake in the Northwest Territories, but the Argus issue is still attracting considerable investor interes…


Queries Escrow shares are Goldbeam connection

I would like some information with regard to some shares I own in Goldbeam Mines Ltd. I want to know if the shares are still in good standing, where the mine property is located, and anything you can …


Fourth drill expected soon at Lamaque site

Miners are working on three levels and there are three drills operating, with a fourth expected shortly, at the Lamaque joint venture project at Val d’Or, Que., Tundra Gold Mines reports. Tundra is ea…


Metal snips (November 16, 1987)

The Soviet Institute of Metallurgy says it has a substitute alloy that could replace gold in its jewelry and industrial applications, Metal Bulletin reports. Named inpal and made from a combination of…


Books in Review (November 16, 1987)

The Prospect for Gold: the view to the year 2000 by Timothy Green; ** published by Rosendale Press, 140 Rosendale Rd., Dulwich, London SE21 8LG; available in North America from Walker & Co., 720 Fifth…


United Reef samples Montana property

United Reef Petroleums is encouraged by underground sampling results from the company’s Alder Gulch gold property in Montana. Sampling of the Atlas vein returned an assay of 0.27 oz gold per ton acros…


Battle Mountain defers offering

A public offering of 5.25 million common shares of Battle Mountain Gold has been postponed by the company. Chairman Douglas Bourne said the company made the decision because of the current volatility …


Drilling by Galactic, Quartz Mountain tops 400 holes

More than 400 holes representing more than 150,000 ft of drilling were completed by the end of October by Galactic Resources and Quartz Mountain Gold at their south-central Oregon property. The compan…


Malartic OKs gold production from Orion mine

A production decision has been made for Malartic Hygrade Gold Mines’ wholly-owned No 8 gold zone, to be called the Orion mine, on the company’s property near Malartic, Que. Mining is expected to start…


New pilot plant at Killick’s Adams bet

Killick Gold of Salmon Arm, B.C. has completed exploration at its Adams Plateau mineral claims near Kamloops B.C., the company announced recently. An 1,800-ton bulk sample was assayed recently at the …


Newhawk and Lacana deal gets shareholder approval

The reverse takeover of Newhawk Gold Mines by Lacana Mining Corp. has been approved by Newhawk shareholders. The deal will see Newhawk acquire Lacana’s 30% interest in the Sulphurets gold project in B…


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