Deak Res. completes Kerr mill purchase
Total consideration paid to creditors of bankrupt Golden Shield Resources by Deak Resources and GSR Mining is valued at about $10.6 million, Deak reports. In addition, eight million shares of GSR are …
Articles by Northern Miner Staff
Glen Auden active on Noranda claims
The latest phase of a diamond drill program consisting of seven holes (5,216 ft.) has been completed on the Joburke Mine project, west of Timmins, Ont. Glen Auden Resources (TSE) says targets previous…
Accident rates down in Ontario mining
Ontario’s mining industry in 1989 had the lowest injury rate ever recorded in its history, reports the Mines Accident Prevention Association Ontario (MAPAO). Injuries requiring medical attention fell …
Kennecott plans to earn into four High Frontier properties
A letter of intent has been signed which, if carried to a final agreement, would allow Kennecott to earn a 40% interest in four properties owned by High Frontier Resources (VSE). Kennecott, a wholly o…
Australian Report Small iron ore deposit has appeal
An interesting small mining venture in New South Wales has just been sold. Doral Resources has been mining about 30,000 tonnes per year of magnetite at its mine near Mudgee in east-central New South W…
Homestake drift
A US$23-million underground exploration program has been announced by Homestake (NYSE) for gold showings three miles north of the company’s mine near Lead, S.D. Gold mineralization has been found at a…
Garbage in — Garbage out
Consider the opportunity to invest in one of two mine development projects. Both are gold mines in northern Ontario, both have the same grade, the same reserves and the same operating conditions. The …
Imperial earnings still in black
Results for the three months ended Dec. 31 show Imperial Metals (TSE) still in the black with net earnings of $13,000 on revenues of $1.2 million. Earnings for the comparative quarter in 1988 were $90…
Letters to the Editor Prospector faults Bill 71
I am writing to you in answer to the statements put forth by Ontario Mines Minister Hugh O’Neil (T.N.M., March 19/90). I would ask on what basis he thinks setting high rates will encourage the submiss…
Pamorex detects second gold zone
After conducting some further assaying on drill core from a recently completed exploration hole on the Upper Beaver property near Kirkland Lake, Ont., Pamorex Minerals (TSE) says it has detected a sec…
Princeton gains control of Cliff
By selling its wholly owned asbestos unit to Cliff Resources (TSE) in exchange for common equity, Princeton Mining (TSE) has effectively gained control of Cliff. Princeton estimates that it will own 7…
Editorial Gold price unlikely to stay down long
One can’t help but get the jitters watching gold drop $US20 in a single day as it did this past week on the London market. In New York the April futures contract sank almost $30 March 26, its steepest…