Estrades reserves increased by Teck
Drilling by Teck Explorations on the Estrades polymetallic deposit shared with partners Golden Hope Resources and Golden Group Explorations, has elevated reserves above the minimum tonnage required fo…
Articles by Northern Miner Staff
Hemlo decision imminent says Lac
As this issue of The Northern Miner went to press, Lac Minerals said it had been informed that the Supreme Court of Canada was to give its decision Dec 17 on Lac’s application to appeal an Ontario Cou…
Lacana expects 50,000 oz a year from Santa Fe
Production from Lacana Mining’s 100%-owned Santa Fe gold property about 32 miles east of Hawthorne, Nev., is expected to begin in September, 1988. The open pit, heap leach operation is expected to tur…
Ontqario majors brace for tighter polution laws
In a bid to find more efficient ways to reduce sulphur dioxide emissions without increasing its operating costs, Toronto-based Inco Ltd. spent $105 million between 1980 and December 1986 on pollution …
Vista files prospectus
Vista Mines has filed an offering prospectus with the Toronto Stock Exchange. The underwriter is Davidson Partners. The issue will raise a maximum of $750,000 for Vista’s gold mine project near the Sa…
Perron Gold raises exploration funds
An exploration agreement has been entered into between Perron Gold Mines and emq (1987) Exploration and Co. Ltd. Partnership whereby Perron will receive $1.05 million in return for 350,000 flow- throu…
Toronto Stock Exchange Large swings in golds, underlie market
The triple whammy of crashing oil prices, a crumbling U.S. dollar and profit-taking by gold bullion investors, took their toll on the Toronto Stock Exchange this week. More than ever, the rapid collap…
Dundee-Palliser pushes for Vezza production
In an effort to bring the Vezza Twp. properties to a production mode, Dundee-Palliser Resources and partner North American Rare Metals have spent approximately $2.8 million on exploration since Septem…
Lynx discovery in Casa Berardi
A gold discovery has been made by Lynx-Canada Explorations on the company’s Massicotte property in Quebec’s Casa Berardi area. The final hole in the program cut 23.79 ft grading 0.23 oz gold per ton. …
Musacocho bucks market trend with $18 million offering
While the Black Monday market debacle has forced other companies to cut back on their equity financing activities, Toronto-based Muscocho Explorations is going ahead with a plan to raise $18.87 millio…
Camindex Mines awaits name change approval
While production has resumed at the Valdez Creek placer gold mine in Alaska, Camindex Mines is still waiting for regulatory authorities to approve the company’s decision to change its name. At a meeti…
Alberta Stock Exchange Beardmore issues up
In a week when Alberta volumes were generally low, three companies with properties in the Beardmore and Schreiber areas of northwestern Ontario, proved to be significant performers. They included San …