A gold loan will be used by International Corona Resources to repay its share of the financing of the David Bell mine in the Hemlo area of northern Ontario. The company reports a wholly- owned subsidi…
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …
Junior-mining firm Lencourt Ltd. has signed an agreement to acquire a 50% working interest in the Slate Creek chrysotile asbestos deposits in Alaska from Tanana Asbestos Corp. along with a royalty int…
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
Two separate property deals in northwestern Quebec have been struck involving Mazarin Inc. and Dufresnoy Inc. In the first deal, Mazarin has acquired an option to purchase a 50% interest in Teck Corp….
An agreement has been signed by J.A.G. Mines and Halex Resources under which Halex may acquire up to 60% of the former’s Belleterre property in northwestern Quebec by spending not less than $3 million…
While a drop in gold bullion prices has forced Canadian gold issues to swallow some temporary losses, Alberta investors appear to be betting on the price of silver. That appears to explain why Jascan …
Work on the Barraute property in northwestern Quebec is to resume, Barexor Minerals reports. The Hughes-Lang group, project operator, through Arbor Resources and Kangeld Resources, plans a $4-million …
The sinking of a 3-compartment, 2,500-ft shaft for an advanced stage of exploration and development of the Francoeur property near Rouyn-Noranda, Que., has been announced by Rouyn Mining Resources. Th…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 86.25 86.25 85.70 + 2.60 Dec. 86.15 84.50 85.25 + 2.25 Mar. …
Ekaton Industries reports it has raised $2,040,000 through sale of 1.2 million shares of Ekaton, at $1.70 per share, to Tap Mineral Management. Ekaton says the funds will be expended on the company’s …
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