Letters to the Editor Disputes Newfields claims
An article in the June 29 issue of The Northern Miner titled “Newfields sees cash flow start by late 1987” contains numerous erroneous and totally misleading statements. Newfields Minerals states that…
Articles by Northern Miner Staff
Malartic completes test, going to feasibility stage
Having successfully completed a bulk sample test on its wholly- owned Orion gold project near Val d’Or, Que., Malartic Hygrade Gold Mines (Canada) says it is now proceeding to a final feasibility stag…
First platinum and palladium available next week, Stillwater
The first platinum and palladium sponge produced from the Stillwater Mining mine’s sulphide concentrates will be available to sell on the open market in about a week. It was produced by the Metallurgi…
Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
Gibralter earnings improve in quarter
Gibraltar Mines had second-quarter net earnings of $288,000, reducing the company’s 6-month loss to $896,000 or 7 cents per share. The first- half loss in 1986 was $2.1 million or 18 cents per share….
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Montreal Exchange New market high
With the price of gold on the rise, surging resource issues pushed the Montreal Exchange’s market portfolio and mining and minerals indices to record levels this past week in moderate trading. The mar…
Gunnar, Mill City earning option in Tyranite mine
A joint-venture agreement has been entered into by Gunnar Gold and Mill City Gold with Tyranex Gold on the Tyranite Mines’ gold property in Tyrrell and Knight Twps. in the Matachewan area of northern …
Freewest, Noranda in a joint venture
Freewest Resources and Noranda Exploration have entered into a joint-venture agreement whereby Freewest has the right to earn a 30% interest in the Cline Lake property at Wawa, Ont., by providing $777…
States picks up PGM bet in Que
Toronto-based States Exploration has acquired two platinum group element (pgm) properties near Baie Comeau, Que. The ground covers a major structure at the contact between the southern extension of th…
Norex amalgamation (August 10, 1987)
Consolidated Norex Resources plans to amalgamate with its 100%-owned affiliate Triweb Resources. The former name will remain. The proposed effective date of amalgamation is Aug 31. The deal remains su…
$25 million issue by Asamera Minerals
Asamera Inc. announces that the previously reported sale of 2,500,000 units by its subsidiary Asamera Minerals Inc, to Dominion Securities and Midland Doherty for resale to the public, closed as sched…