Lornex ups profit
Net earnings for 1986 were $27.3 million or $3.30 per share, Lornex Mining Corp. reports. That represents a 13% increase in profits over those realized in the previous year. Revenues, however, decline…
News
$4.5 million programs in Massive group plan
Massive Resources and associated Master Resources, and Sands Minerals have adjacent claims in the Favourable Lake, Pickle Lake and Pangis-Batchawana areas of Ontario. Recently, Massive acquired an opt…
Pezim out; Corona carries on
With or without Murray Pezim on its executive committee, and notwithstanding a legal challenge by Mr Pezim, International Corona should continue showing good results in its gold-mining activities, two…
Eider bulk sampling
A bulk sampling program is under way on Eider Mining Resources’ Lac Rose gold property. Located in Quevillon Twp., Que., the Lac Rose property is being examined by an underground exploration program. …
Cons. TVX acquires more S.A. interests
Toronto-listed Consolidated TVX Mining Corp. has signed letters of interest whereby TVX will issue shares from treasury to purchase interests in three Brazilian gold mining companies as well as an opt…
Gold conference set for Vancouver
An international conference on Gold — Geology, Feasibility, Mining and Extraction will take place Nov 23-25 in Vancover, B.C. The conference will have sessions on geology and exploration, feasibility…
Giant Bay will start process test in N.W.T.
The first large- scale test of Giant Bay Resources’ biotankleach process should commence this April in the Northwest Territories. The company recently concluded a joint venture agreement with Giant Ye…
Bruneau, Montclerg near property deal
An agreement whereby Bruneau Mining may earn a 60% interest in Montclerg Resources’ 475 acres of gold property in Walker and Clergue Twps. near Timmins, Ont., has been reached in principle. To earn it…
Exploration programs under way for Preussag
Exploration programs of Preussag Canada are continuing in northwestern Ontario and Mattagami, Que. The Ontario program is a grassroots play to follow up input airborne surveys which have indicated an …
Duthie mine top priority for Bishop Resources in ’87
The Duthie mine property near Smithers, B.C., will be a top priority for Bishop Resources Development this year. The company acquired its interest in the project from Duthie Holdings, a family concern…
Equity agreement
Equity Silver Mines of Vancouver reports it has entered into an agreement with Nim and Co., Ltd. Partnership — 1987 under which Equity will obtain up to $5 million in exchange for issuing up to 422,7…
Alberta Stock exchange Gold issues surge
Junior gold issues bounced back with strengthening gold prices. One of the best gainers continued to be Monte Carlo Resources which added another 85 cents to $2.80 — that’s up $1.80 in three weeks. …