B.C. geologists get forum’s approval
An independent forum of 13 major earth science societies has given geologists with the British Columbia government a positive review. The Canadian Geoscience Council said after its review that the B.C…
Articles by Northern Miner Staff
CANMET plans to open new research lab near Val d’Or
The Canada Centre for Mineral and Energy Technology (CANMET), the research and technology arm of Energy, Mines and Resources (EMR) Canada, will establish a mining research laboratory near Val d’Or, Qu…
Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…
Glamis debenture for working capital
Vancouver-based Glamis Gold (TSE) has entered into an agreement with Toronto investment firm Loewen, Ondaatje, McCutcheon & Co. relating to US$8-million worth of convertible debentures. Under the agre…
PEOPLE MEGASTAR VENTURES
Pantelis Tasperas appointed director succeeding Nicolaos Panos.
LETTERS TO THE EDITOR Walli nomination receives support
Regarding the article “Haileybury teacher should be recognized” (T.N.M., Apr. 22/91), I fully support Russell Thompkins’ nomination of Ozzie Walli to the Canadian Mining Hall of Fame. I met Ozzie shor…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …
Kingswood bullish on Mattagami bet
Kingswood Exploration (TSE) President Wayne O’Connor is encouraged by results from an 8-hole program on the company’s La Gouchetiere Twp. claims west of Matagami, Que. The Toronto-based company has b…
Metall outlines one million tonnes at high-grade Dikili gold
Exploration on the Dikili gold prospect in western Turkey has outlined a high-grade, shallow reserve of over one million tonnes. Eurogold, a joint venture between ACM Gold of Australia and Toronto-bas…
NovaGold to buy Mt. Pleasant bet
A letter of intent has been signed by NovaGold Resources (TSE) with Billiton Metals Canada and LAC Minerals (TSE) which will permit NovaGold to purchase the Mount Pleasant tin-molybdenum-tungsten prop…
U.S. REPORT Amax Gold output down
A drop in production due to adverse climatic conditions at the Sleeper gold mine in Nevada resulted in lower output and earnings for Amax Gold (TSE). The Colorado company reported first quarter net e…
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …