Rambo initiates drilling program
A 15,000-ft drilling program is in progress on the Coleraine property in Quebec’s Eastern Twps., near Thetford Mines, to test for chromium, platinum and gold, Rambo Explorations reports. While no assa…
Articles by Northern Miner Staff
Trader gets results
Vancouver-listed Trader Resource Corp. has released partial diamond drilling results from its Tel deposit on the Yellow Giant property at Banks Island, B.C. The company says it has completed 61 holes …
Neptune gets $12 m for Colomac
Neptune Resources has completed an issue of one million shares on a flow-through basis. The issue will raise $12 million for additional exploration work on the company’s 60%-owned Colomac gold project…
Metal Prices PRODUCER PRICES (September 14, 1987)
ALUMINUM: MW U.S. Market 78.00 cents -81.00 cents per lb. (Sept 3, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CA…
$10m. exploration for Glen Auden
With interests in 24 gold exploration projects, Glen Auden Resources will be exposed to $10.2 million of exploration this year. A majority of the funds are being contributed by 14 joint venture partne…
Letters to the Editor U.S. 2nd biggest gold producer?
Your editorial in The Northern Miner of Aug 24 raised the question “Who really will be No 2 gold producer?” in the Western World. Perhaps we can help clarify this issue from figures taken from the soo…
Polestar outlines platinum anomalies
Anomalous zones of nickel, copper and platinum group metals values have been identified by Polestar Exploration on the company’s Kluane Lake claims in the Yukon. A stripping program is under way in ad…
Syngold joins with Minnova to explore bet
An agreement has been reached between Syngold Exploration and Minnova Inc. whereby the former will participate in an underground exploration program at the Delbridge/Kerralda property near Rouyn-Noran…
Acadia bullish on Millstream Fault area near Bathurst, N.B.
One and a half million dollars is to be spent by Acadia Mineral Ventures on gold exploration in the Bathurst area of northern New Brunswick this year. Noranda Inc., through Noranda Exploration, by com…
News in Brief (September 14, 1987)
Dasher Resources reports sale by way of a private placement of 1,500,000 of its units at 30 cents a unit, with each unit consisting of one common share and one non- transferable share purchase warran…
T. Boone Pickens ups bid for Newmont to $6.3 billion
In a bid to stave off a hostile takeover bid by American corporate raider T. Boone Pickens, Newmont Mining Corp. — one of the largest gold miners in North America — just got bigger. The company, whi…
Ronrico has $7m. program to reopen Louvicourt mine
Another gold mine in the booming Val d’Or area is to be reopened. Culminating lengthy negotiations, Ronrico Explorations has come to an agreement under which it can earn up to a 75% interest in the Lo…