Tashota-Nipigon raises funds]]
Tashota-Nipigon Mines has reached five separate agreements with various limited partnerships in order to raise up to $4,175,000 for exploration. In return the company will issue about 1.7 million flow…
Articles by Northern Miner Staff
Mine shutdown hits Minnova Inc.
Minnova Inc. realized net income of $900,000 or 6 cents per share for the first nine months of 1987. This compares with earnings of 23 cents per share realized in the same period last year. The large…
Forbex reports gold intersections at Rouyn property
Three of four holes drilled by Cambior Inc. on the Stadacona-East property at Rouyn-Noranda, Que., have returned gold values, Forbex Mining Resources reports. Forbex and Cambior have signed a joint ex…
EDITORIAL Spotting the flaws in gold
The fact that a dentist a few years ago discovered tungsten illegally included in some gold he was using for tooth repair, has led (indirectly) to a new Canadian-built ultrasonic system for detecting …
Barrick drilling
Drilling by American Barrick Resources on the Worvest option immediately west of Barrick’s Holt-McDermott gold mine has increased drill-indi cated reserves to more than one million tons grading 0….
COATS Trading Features (November 09, 1987)
At a time when most companies were finding their proposed financings being pulled, one new issue managed to get off the ground. Glencairn Explorations completed a 1.1 million share offering at 32 cent…
Montreal Exchange Trading volume slows
Turbulent trading continues to be the trademark of the current market, where the weakened state of the U.S. dollar seems to be the focus of everyone’s attention, as well as that country’s huge deficit…
EDITORIAL Can we learn from Black Monday?
What really happened on Oct 19? What caused the sharpest stock market decline in history and could it happen again? How much insider trading occurred? Who gained, who lost? Should we even care conside…
Silvera, Placer Dome enter joint venture
A joint-venture agreement involving the Wapiyao Lake and Bing Lake properties in the La Ronge gold belt of northern Saskatchewan has been entered into by Silvera Resources and Placer Dome. The agreeme…
Underground operations planned at MacMillan-Granges prospect
A $4.5-million preliminary budget, including $2.5 million for an underground decline to the 820-ft level, for the balance of 1987 and up to June 30, 1988, has been established for the MacMillan Energy…
Drilling resumes at J.A.G. prospect
Drilling has resumed at the Malartic gold property of J.A.G. Mines in northwestern Quebec, the company reports. The company says its 1986 drilling campaign delineated a mineralized structure along 3,9…
Supreme Court rejects motion filed by Metalore
An application filed by Metalore Resources to have certificates relating to a claim filed by Ontex Resources against Metalore removed, has been rejected by the Senior Master of the Supreme Court of On…