Northfield bets heavily on Kirkland West claims
Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…
Articles by Northern Miner Staff
New financing for Wrightbar
A new flow-through financing worth $4 million has been arranged by Wrightbar Mines, with Imex 1987 Ltd. Partnership, for exploration work on the company’s Bourlamaque property in northwestern Quebec. …
Minieres du Nord plans decline at Isle-Dieu bet
Encouraging results have been reported by Explorations Minieres du Nord from its Isle-Dieu gold property in the Matagami Lake area of northwestern Quebec. Among the better assays was hole 837W-1, whic…
Panorama set to evaluate potential of two projects
With two advanced-stage gold properties now under option, Panorama Petroleums is moving quickly to evaluate its production potential. Reflecting its new emphasis on mining, the company also plans a na…
Investment Comment Bull market in late stages: Analyst
During a week when a number of prominent gold issues were rocked by a sudden drop in the price of gold bullion (from $460(US) to $454.90), a prominent investment publication had some more bad news. In…
Norbeau, Northgate in Lemoine venture
Under a joint venture agreement with Northgate Exploration of Toronto, Norbeau Mines can earn a 60% interest in a former producer called the Lemoine mine property within four years. Located approximat…
Metal Prices (October 12, 1987)
FREE MARKET .HLondon Metal Exchange .LSpot closing prices in Pound Sterling per tonne Date Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 Copper 1156-1157 1159-1160 1131-1133 1138-1140 11…
tusk minerals aims to acquire New Que. Platinum
Tusk Minerals tsk-ase of Calgary has entered into an agreement to make an offer to acquiree all of the shares of New Quebec Platinum, a Calgary-based mineral exploration company. Under the terms of th…
Augmitto pleased by drill results
Recently completed underground drilling in the central portion of the Beauchastel property near Rouyn-Noranda, Que., has returned encouraging values, Augmitto Explorations reports. Hole 87-B5-53, over…
Chelsea Resources mine to boast record grade
The old axiom that mines are made and not found rings true for the Spotted Horse project of Chelsea Resources, 20 miles from Lewistown which locals claim is the geographic centre of Montana. The proje…
New junior exchange looming closer?
Ontario would appear to be moving closer to a junior mining stock exchange with the formation of National Quotes Inc., an outgrowth of the coats system (short for Canadian Over-The-Counter Trading Sys…
Vancouver Stock Exchange Tundra Gold unchanged
There’s been a significant downturn in Vancouver, reflecting in part the seasonal nature of exploration throughout much of the country and uneasyness over the 91 point free-fall in the Dow Jones Tuesd…