Goldbrook in Beardmore area
Goldbrook Explorations has acquired an option to earn a 50% interest in a 65-claim property 50 miles north of Beardmore, Ont. Located near the Onaman River, the property covers several polymetallic de…
Articles by Northern Miner Staff
St Andrew finances Stock Twp mill
Toronto-based St Andrew Goldfields (TSE) has raised approximately $22.1 million through a European financing for construction of a 500-ton-per-day mill at its Stock Twp. property near Timmins, Ont. Un…
Cliff’s Green Hill mine in production
Toronto-based Cliff Resources (TSE) is putting one of North America’s biggest placer gold mining operations through its paces as it attempts to locate additional reserves along the Olinghouse mining d…
Michele Gold seeking funds for three drilling programs
VSE-listed Michele Gold Mines is attempting to raise funds for exploration on three properties, all in Ontario. The company has an option to earn a 49% interest from TSE-listed Cathedral Gold Corp. in…
New Privateer Mine to start operating
New Privateer Mine says permission has been received for the treatment of the first 10,000 tons of ore in the recently-completed concentrator. Progress is under way with both primary and secondary cru…
Flush with 1987 successes, future bright for drillers
Members of the Canadian diamond drilling industry has just completed their twelve busiest months on record. The ’87-’88 drilling season caps a 5-year period in which there has been an estimated 220% i…
Platinova sees cash flow from wollastinite in ’89
Platinova Resources (TSE),is a fast-moving 2-year-old company whose credo is to explore for and develop specialized commodities with high growth potential. One of the first of such projects to possibl…
Brohm Gilt Edge reserves
An independent analysis of reserves has been prepared by a U.S. consulting firm for Brohm Resources’ (TSE) Gilt Edge project in South Dakota. Proven and probable oxide reserves now stand at 6.2 millio…
Strengthened Noranda looks for even better year in ’88
First-quarter results by Noranda Inc. (TSE) picked up where they left off at the end of 1987, with the diversified resources company recording net earnings of $129 million, or 66 cents per share, com…
Metal Prices PRODUCER PRICES (May 16, 1988)
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
Control block of Falconbridge worth $500m.
Anyone with $500 million and an urge to purchase the controlling block in Falconbridge Ltd. (TSE) is advised to talk to Placer Dome (TSE). The giant gold producer says it wants to unload its Falconbri…
NIM Management files prospectus
Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource …