Sigma earnings
Net income of $4.8 million (59 cents per share) for the first nine months of 1987 has been reported by Sigma Mines (Quebec), compared with $4.97 million (42 cents per share) for the same period last …
Articles by Northern Miner Staff
Golden Star adds to portfolio in Guyana
Edmonton-based Golden Star Resources has increased its exposure to gold exploration in Guyana by signing mineral agreements for three permissions with the Guyanese government. According to Golden Star…
Queries Chetwynd active near Hope Brook mine
Please provide me with some information on Chetwynd Resources and Glen Roy Resources. Although they appear to be active, I haven’t read anything about the these two Toronto companies recently. P. K. S…
Atlas Yellowknife private placement
Shareholder approval has been received for a private placement of shares by Atlas Yellowknife Resources to Channel Resources. Channel will take down 15 million Atlas shares at 15 cents per share and …
Gulf Intl. results
A drill program by Gulf International Minerals on the company’s McLymont claim group has cut 13 ft grading 0.82 oz gold per ton. Another hole assayed 7.7 oz of gold across 6.6 ft. The claim is located…
Coxheath shooting for Feb decision at Tangier gold bet in Feb ’88
A mine production decision on the Tangier gold property, 100 km northeast of Halifax, N.S., could be made by Coxheath Gold Holdings as early as February, 1988. Underground exploration work is well adv…
Micham gets option from Mono]]
Micham Exploration has signed an agreement with Mono Gold Mines giving it the right to earn a 51% interest in Mono’s Bannockburn gold property by buying 350,000 Mono shares at 72 cents per share plus…
Breakwater financing
Breakwater Resources plans to raise $2 million via a private placement of flow-through common shares. The issue will be handled by Canarim Investment Corp. The proceeds of the issue will fund explorat…
Newhawk releases program results- 1 col 18TR
A total of 35,000 ft of surface diamond drilling has been completed this year by Newhawk Gold Mines on its Sulphurets project north of Stewart, B.C. The company recently obtained approval to increase …
Tap’s U.S. subsidiary in Golden Chest venture
British Columbia-based Tap Resources has entered a joint venture project at its Golden Chest project with Newmont Exploration, Golden Chest Inc. and Viking Resources. Due to B.C. tax laws which allow …
Metal Briefs
The Royal Canadian Mint reports a dramatic increase in sales of the Gold Maple Leaf coin following the shakeout of world equity markets in mid-October. During the last two weeks of October, sales of t…
Noranda gold find on Destiny claims
Drilling by Noranda Exploration on a property shared with Destiny Resources has intersected a gold mineralized zone 65 miles east of Timmins, Ont. Known as the Windjammer project, the property covers …