No bull market for gold in `88: Shearson
Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…
Articles by Northern Miner Staff
Skukum Creek to be developed by Omni and Skukum Ventures
A joint venture agreement between Omni Resources and Skukum Ventures will hasten development of the Skukum Creek gold property located in the Wheaton River area of southern Yukon. To earn a 40% intere…
Valentine, Tenquille to develop Ashlu bet
Two Vancouver companies, Valentine Gold and Tenquille Resources, have agreed on a joint venture to finance development of the Ashlu gold property near Squamish, B.C. To earn a 50% interest, Valentine …
Falconbridge considers shaft for Craig orebody
By the end of 1988, Falconbridge Ltd. will know whether or not copper/nickel ore reserves in the Craig orebody, north of Sudbury, will be sufficient to justify driving a new shaft to provide a means o…
Proteus gold discovery
Drilling by Proteus Resources, an affiliate of Silverside Resources, has intersected a new mineralized zone on the company’s Garrison property. Located in Garrison Twp., Ont., the property is subject …
Computer conference shows Canadians’ lead
It’s called the first Canadian Conference on Computer Applications in the Mineral Industry, but it’s actually an international first. And, according to one of the organizers, the event shows that Cana…
PDAC’s convention sets attendance record
The annual convention of the Prospectors and Developers Association of Canada (pdac) just keeps on growing. This year’s edition at Toronto’s Royal York Hotel drew more than 4,000 delegates (surpassing…
Coxheath plans Tangier production
Another gold property in Halifax Cty., N.S. will likely start pouring gold at a commercial rate July 1, 1988. Toronto-listed Coxheath Gold Holdings announced at its annual meeting in Halifax this week…
Atlantic Report Midas invades Nova Scotia
A relative newcomer to Nova Scotia gold action is Midas Minerals. President Karl Skobe has said that although the company is based in Toronto, its largest investor base is in the Sudbury area of Ontar…
Ashton options Freewest platinum property
Australian mining company Ashton Operations Inc., an affiliate of Ashton Mining Ltd., has acquired an option to earn an interest in claims held by Freewest Resources. Ashton can earn a 65% interest in…
Central banks’ gold holdings usually greatly undervalued
The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…
Esperanza’s Tillicum nears production
The Tillicum Mountain gold property of Esperanza Explorations should see production early in 1989. The property is near Burton in southeastern British Columbia. The project, to cost an estimated $5 mi…