Kemess drilling cuts wide values
Drilling on the South Kemess project continues to expand the area of mineralization with assays from all the holes in the recent winter program intersecting wide copper-gold values. The South Kemess p…
Articles by Northern Miner Staff
Loki reports reserves for Brewery Creek project
Results from an initial reserve study on the Brewery Creek project were released by Loki Gold (VSE), a juniopr holding an option to earn a 40% working interest in the Yukon gold project from a unit of…
Quote, Watson plan to capitalize on large magnesium-rich stock
A large ultrabasic intrusive in Riggs Twp., near Wawa, Ont., is the focus of an intriguing industrial mineals play managed by Quote Resources (VSE) and Watson Lake Mines (ASE). The equal partners (T.N…
Teck’s earnings decline despite boost Hemlo interests
As expected Teck (TSE) reported a healthy boost in operating profit for 1990 from its 50% interests in the David Bell and Williams gold mines at Helmo, Ont. Gold production from the Hemlo mines totall…
Kerr, Minnova benefit from B.C., Quebec mines
Toronto-based Kerr Addison Mines (TSE), the 51% owned Noranda (TSE) affiliate, reported a significant increase in 1990 earnings, thanks largely to strong production performances at its mining operatio…
Noranda drilling at Monument Bay
A drilling program is expected to start shortly on the Monument Bay property in northeastern Manitoba. Bellex Mining (VSE) recently completed an option deal with a unit of Noranda (TSE) allowing it th…
Denison, Potacan in default on potash mine loan payment
Denison Mines (TSE) is attempting to persuade its lead bankers to reschedule payments on a US$209.4-million loan arranged to finance development of the company’s potash mine in New Brunswick. After fa…
Financing falls through despite boost in reserves
A financing package arranged by Central Crude (TSE) for the Moss Lake and Eagle River gold projects has fallen through, even as recent calculations show an increase in reserves at Eagle River. Citing …
Silverside acquires Tully Twp. property
Silverside Resources (TSE) has received the second $346,987 instalment of the price that Deak Resources (TSE) agreed to pay for Silverside’s 87.5% stake in the Garrison gold project near Kirkland Lake…
Matachewan spill: Letters to the Editor
Your coverage of the Matachewan spill is welcome by all concerned parties in the Ontario mining industry. A full discussion of the facts concerning this case may result in a better understanding of a …
MSV, Meston combine for Eastmain financing
A joint venture agreement aimed at aquiring the financing required to place the Eastmain gold deposit in northern Quebec near James Bay into production has been signed by MSV Resources (ME) and Meston…
Newfoundland amends Act: Letters to the Editor
The article “Newfoundland doubles tax on claims” (T.N.M., Jan.21/91), particularly the headline, gave an unclear and incorrect impression of the purpose and effect of recent amendments to the Mineral …