Quinteko raises funds for work at McWatters
Two exploration financing agreements totalling about $1 million have been entered into by Quinteko Resources. The proceeds will be used to help fund the company’s 25% interest in the gold exploration …
Articles by Northern Miner Staff
Noramco absorbs affiliates
An amalgamation proposal has been made which will see Noramco Mining Corp. acquire all the assets of affiliate companies Emerald Lake Resources and Highland-Crow Resources. The amalgamation, which has…
Geomaque uncovers two parallel zones
Two parallel gold-bearing zones have been discovered at the Bourlamaque Twp. property near Val d’Or, Que., being explored by Geomaque Explorations. President A. Leith Hellens reports hole No 3 interse…
Cambior spends $22 million to confirm Mouska reserves
Cambior Inc. has given the green light to a $22.8-million underground exploration program on its wholly- owned Mouska property near Cadillac in northwestern Quebec. The property is located in Bousquet…
Silverside mill, tailings pond almost ready
Final construction of the mill and tailings pond is under way at the North Cobalt silver property being developed in a joint venture by Silverside Resources and International Platinum Corp. Production…
Production looks possible at Aur’s Quebec gold bets
Toronto-based Aur Resources has intersected what the company calls very high-grade gold mineralization at two of its Quebec exploration projects. The 3-claim property is adjacent to the Norlartic mine…
Vancouver Stock Exchange Rising interest rates spell trouble
The downtrend in Vancouver has become much more pronounced and with interest rates heading higher it could get worse. Japan has been raising its rates which in turn has forced the U.S. to react. Histo…
Uranium supply in Canada rises to 576,000 tonnes
Total known uranium supply (measured, indicated and inferred) in Canada at the end of 1986 was estimated to be 576,000 tonnes, the ministry of energy, mines and resources reports. That total is up fro…
Golden Terrace has two drills set for program
Two drill rigs have been mobilized to carry out 30,000 ft of diamond drilling in stage 2 work on the gold project of Golden Terrace Resources at Richardson Lake, some 70 miles east of Red Lake, Ont. T…
Toronto Stock Exchange Higher rates fueling downward correction
There’s nothing quite like a major market correction for knocking the euphoric wind out investors. These are nervous and tense days indeed, which have witnessed a 120-pt five day losing streak gain st…
Ferris, associates selling shares in Kewagama Gold
A deal has been struck by A. N. Ferris, president of Kewagama Gold Mines and related parties, whereby they will sell to a numbered company, 731559 Ontario Ltd., 1.4 million shares (representing more t…
Editorial Here’s to you, jack-of-all-trades
The days of specialty labor jobs in the mining industry are fast coming to an end. In today’s dynamic underground working environment, the “jack-of-all-trades” is in high demand. The multi-skilled min…