Rogi raises funds for exploration
An agreement has been negotiated by Exploration Rogi (ME) with Societe en Commandite Miniere McGill whereby the latter will subscribe for 445,313 flow-through shares of Rogi at 32 cents per share, an…
Articles by Northern Miner Staff
IOCC GOLD OPTIONS (October 09, 1989)
Options Open SeriesVolumeLastInterest Nov 370 C 69 8.001,998 Nov 380 C 76 3.203,129 Nov 400 C 150 1.002,528 Nov 420 C 129 0.60 650 Feb 380 C 5711.50 496 Feb 390 C 61 6.00 437 May 390 C 219…
Rayurock foresses long life at Marigold
The official opening of the Marigold mine near this small town owes much to a solid bank of exploration and mine development expertise quietly amassed by Rayrock Yellowknife Resources (TSE) since its …
Spinoffs from mining benefit Northwestern Ontario
Ever since the first big gold rush to Red Lake, Ont., back in the 1920s, the vast expanse of Ontario’s northwestern region has presented a curious mixture of challenge and opportunity to the mining in…
Hidden Lake Gold seeks JV partner on NWT gold bet
A summer exploration program on Hidden Lake Gold Mines’ (VSE) Wheeler Lake property in the Northwest Territories has detected at least six gold showings along a 7-mile stretch of iron formation rocks….
Vancouver Stock Exchange Maqrket frowns on Calpine deal
The market continued its retreat again this week, with the VSE Index off a further 4.38 points to 779.09 at presstime. Brokers say trading remains sluggish, with 9.7 million shares valued at $11.3 mil…
Selection committee ponders next Hall of Fame inductees
Nominations have been received and the selection committee of the Canadian Mining Hall of Fame (CMHF) is busy working to select the eight inductees who will be honored in the second round of induction…
Bonanza gets good zinc values in first hole at Poirier
The first results from a drill program currently under way on Bonanza Metals’ (ASE) Poirier zinc- copper property near Joutel, Que., include a 20-ft (6.1 m) intersection grading 4% zinc, along with su…
Windy Mountain drilling yields copper values
Assay results from the first four holes on Windy Mountain Explorations’ (COATS) MacLeod Lake property in northern Quebec include 29.1 metres grading 1.49% copper and 0.08% molybdenum. The property is …
Royal Oak eyes Gunsite’s porphyry deposit potential
What’s after Colomac? For Margaret Witte, president and chief executive officer of Royal Oak Resources (TSE), the answer just might be the Gunsite property situated between Anchorage and Fairbanks, Al…
Skyline boosts production, cuts costs by $55 (US) an oz
Gold production is up and costs have been reduced at the Johnny Mountain gold mine in the Iskut River region of northwestern British Columbia. Skyline Gold (TSE) said production costs at its 100%-owne…
Glamis tallies year-end loss
Despite record gold production of 29,248 oz, Glamis Gold (TSE) reported a net loss of $5.2 million or 32 cents per share on revenues of $14.05 million for its 1989 fiscal year ended June 30. In its p…