Equity questions mine closure cost estimates
The British Columbia government and Equity Silver Mines (TSE) are still discussing the amount of a reclamation bond for Equity Silver’s mine near Houston, B.C., slated to close in late 1992. Equity Si…
Articles by Northern Miner Staff
International Platinum seeks $5 million to fund exploration
When International Platinum (TSE) President John Hansuld goes to the risk capital markets in New York and London this year, he hopes to come away with more than $5 million. “Our priority is to maintai…
Uranium price rise first in three years
The spot price of uranium underwent its first increase in three years in May when the range for bids and offers stood at US$8.90-9.35 per lb. U/c3h/O/c8h/, NUKEM reports. The company, which provides n…
Avondale to drill Inel claims
Exploration activity is heating up in the Iskut River district of northwestern British Columbia, particularly now that road access seems a certainty in 1991. Iskut pioneer Gulf International Minerals …
Aurizon acquiring additional claims
An option to purchase a 100% interest in claims adjacent to the Sleeping Giant gold mine north of Amos, Que., has been acquired by Aurizon Mines (TSE) from George Venne of Val d’Or, Que. The claims li…
PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…
VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …
Placer Dome in exploration venture with Skyline
A number of gold prospects on the Reg claims held by Skyline Gold (TSE) will be jointly explored by Skyline and Placer Dome (TSE) under the terms of a recent agreement between the two mining companies…
Shares acquired
A wholly owned subsidiary of Aitken Lees Capital Ltd. of Toronto, a merchant banker and consulting firm, has become a shareholder of gold producer Consolidated TVX Mining (TSE). The subsidiary, 881096…
St. Genevieve drilling deep to south of Wrightbar bet
Deep drilling has resumed at Wrightbar Mines’ (ME) Bourlamaque Twp. property where St. Genevieve Resources (TSE) has the option to earn a 50% project interest by spending $1.5 million. To find a depos…
$6 million to study the earth’s crust
Some $6 million will be given to the Trans-Hudson Orogen Transect research project over four years. The funding comes from the Natural Sciences and Engineering Research Council and the federal Departm…
Athletes to compete for gold in Timmins
The 7th annual Great Porcupine Gold Rush Triathlon will be held July 28 in Timmins, Ont. Contestants will cycle, canoe and run from Kelso to the Porcupine Camp — the trail used by the early prospecto…