Normetal Mining options 72 claims
An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration. The option, acquired from C. Salmis…
Articles by Northern Miner Staff
Kootenay King starts work at Erie Creek
Preliminary exploration work has started at Kootenay King Resources’ Erie Creek gold prospect near Salmo, B.C. The company completed part of a $37,000 Stage 1 program, consisting of line cutting and g…
McChip/Noranda venture showed good results
Under the terms of the joint venture agreement between McChip Resources and Noranda Exploration, a successful exploration program costing approximately $400,000 was carried out during the latter part …
Metall Mining close to deal on Australia metals acquisition
It has yet to announce the major acquisitions which were promised during a June, 1987, launching, but executives from Toronto-based Metall Mining were far from subdued during a recent press conference…
Gold search leads in Ontario
The search for gold remains pre- eminent among Ontario’s prospectors and developers. More than $153 million or 44% of the provincial expenditures on exploration and development was spent on the search…
Chelsea debenture
The placement of a $500,000 convertible debenture has been completed by Chelsea Resources. The debenture was placed with Lufer Corp. and is convertible at $2.35 per share over a one-year period. Chels…
Fired Inco Ltd. miners are back on the job
Inco Ltd. has reinstated seven miners who were fired from the company’s Frood Mine in Sudbury last October for dangerous mining practices, the company said recently. Inco says the miners, found taking…
Bear Lake purchases Greenwood crown grant
Bear Lake Resources has signed an option agreement for the purchase of the C.O.D. Crown Grant claim in the Jewel Lake area of British Columbia’s Greenwood mining division. Bear Lake will pay J. A. San…
REPORT FROM CALGARY Echo Bay may have a new mine
Good gold camps do not die — they just keep on living through the discovery of new mines. Such is the case of the Republic gold camp in northern Washington State, immediately south of Grand Forks, B….
Mosquito gold mine may reopen
Rising gold prices could well put Mosquito Consolidated’s Mosquito Creek gold mine near Wells, B.C., back in action. An intermittent producer since it opened in 1980, the mine was closed in 1986. The …
VSE plans to start computerized trading early in ’88
Computerized trading is coming to the Vancouver Stock Exchange early this year. The exchange started to investigate automated trading over two years ago to keep pace with rapid changes in the securiti…
Battle Mountain’s income soars 78%
While stressing that the figures are preliminary and unaudited, Battle Mountain Gold Co. says it expects 1987 net income to be $48 million, or 73 cents per share. That’s up 78% from the $27 million, …