Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
News
MSV’s recalculation ups grade, cuts tons
Some number crunching done by MSV Resources, a star performer on the Montreal Exchange in recent weeks more than doubling in value, has reduced tonnage but increased grade of reserves on the Eastmain …
Augmitto, Bay outline reserves on Quebec bet
A preliminary reserve calculation for the Fourax II property shared equally by Augmitto Explorations and Bay Resources and Services, concludes the property has possible reserves of 675,000 tons gradin…
Audrey to spend $8 m. on Mobrun
A commerical production decision is expected on Audrey Resources’s optioned Mobrun property near Rouyn, Que., once an $8 million exploration program is completed this June, reports president Guy Heber…
Galactic output off, company predicts gain
Despite some serious difficulties which caused a large production shortfall last year, Galactic Resources has managed to continue leaching through the winter months at its Summitville gold property in…
Drilling progressing at Norbeau property
Two holes of a planned 6-hole surface diamond drilling program have been completed by Norbeau Mines on its property at Chibougamau, Que. The first hole, located 850 ft east- northeast of the old Norbe…
Second phase drilling by Wesley/Radcliffe in Nevada
The second-phase drilling program is slatted to start next month on the Independence property near Elko, Nev., by joint venture partners Westley Mines and Radcliffe Resources. Evaluation of the result…
Fort Knox plans program on two Ontario gold bets
A $250,000 exploration program is slatted by Toronto-listed Fort Knox Gold Resources on the Crow Lake property, southeast of Kenora, under the supervision of Inco Ltd. The program on the 329-claim pro…
Major underground effort set by Placer at Seabee $4.2 million
A $4.2-million underground exploration program at the Seabee gold project has been given the go ahead by Placer Development. Held under option from Claude Resources, the Seabee property is located 78 …
Gold output is notable for Total-Erickson
With two mining operations running only part of the year, 1986 gold production for Total Erickson Resources amounted to 35,633 oz. The company’s Mt. Skukum project south of Whitehorse, Yukon, came on …
Shutdown plan is detailed by Pine Point Mines
Mining will stop by July of this year, and milling operations by year- end, under a plan to shut down Pine Point Mines’ zinc and lead mining operations at Pine Point, N.W.T. Shipping and sales of conc…
Torene drilling (January 26, 1987)
Torene Gold Exploration reports it plans a 10,000-ft drilling program on its Harrington Cove gold project in Halifax Cty., N.S. The drilling, to be financed through sale of 320,000 flow- through share…