Horsham extraordinary gain
The largest shareholder and parent company of American Barrick Resources, The Horsham Corp., posted a net profit of $42.3 million or 75 cents per share for the 9-month period ended Sept 30. The profi…
The largest shareholder and parent company of American Barrick Resources, The Horsham Corp., posted a net profit of $42.3 million or 75 cents per share for the 9-month period ended Sept 30. The profi…
The 1987 drilling program at the New World gold project near Cooke City, Mon., confirmed current reserve figures and raised the possibility of additional tonnage, Crown Butte Resources and Noranda Exp…
Marker Resources and partner Varna Resources have started a $2.5- million diamond drilling program on projects in Newfoundland and Manitoba. Varna and Marker plan to amalgamate shortly. In Newfoundlan…
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 102.10 102.10 105.20 + 16.60 Dec. 102.50 94.50 102.40 + 16.8…
Watching river water corrode an old tin-plated cooking utensil has provided the inspiration for Australian scientist Dr William Baker to develop a new technique for the exploration of mineral deposits…
A 1,000-ft development program has been completed at Better Resources’ Mt. Washington gold project on Vancouver Island. About 700 ft of underground development was completed in the ore zone and also 3…
A $2-million 15,000-m drill program is being proposed by partners Inco Gold and Golden Knight Resources for their jointly held Golden Pond property in Quebec’s Casa Berardi area. The program will test…
The latest drilling campaign of J.A.G Mines is under way on the Malartic property in northwestern Quebec and core logging has already indicated interesting results, the company reports. A new gold zon…
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…
An agreement has been finalized by Fargo Resources and Brenda Mines covering the Lang Bay kaolin property at Powell River, B.C. Brenda, a member of the Noranda group, may earn a 50% interest in the pr…
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
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