Wharf Resources buys Homestake’s claims
Following an option agreement with Homestake Mining, of Vancouver, Wharf Resources has purchased Homestake’s 50% interest in 19 claims in South Dakota. Under the agreement, Wharf receives 28 patented …
Articles by Northern Miner Staff
Sullivan directors reject offer by Ste Genevieve
Directors of Sullivan Mines have come out against a takeover bid by Ste. Genevieve Resources and are proposing a merger with Cambior Inc., which currently has a 31% stake in Sullivan and has expressed…
Redpath publishes mining cost book (July 20, 1987)
Junior mining companies wishing to estimate the preproduction capital costs of a small underground exploration project can do so themselves with the help of a new publication prepared by the experienc…
Ateba drilling in Munro Twp.
Ateba Resources has commenced a program of overburden drilling on a 52-claim property straddling the Munro and McCool twp. boundary, 100 km east of Timmins. This ground is held under option from Arkro…
Canadian consortium plans to become rare earth king
Being in the right place at the right time is the aim of every mineral exploration company with a view to earning a handsome return on its investment dollars. But for a consortium of Canadian companie…
Metal snips (July 20, 1987)
Diamond sales during the first six months of 1987 were 28% above sales for the same period last year, the Central Selling Organization of De Beers Consolidated Mines reports. Sales of rough stones tot…
Drilling confirms gold structure
The first phase of a drilling campaign undertaken by Essor Exploration on the Aiguebelle property in northwestern Quebec has detected a gold-bearing structure, President Guy Morissette reports. Essor …
Jascan to drill Cobalt silver bet
Some encouraging results have been received from Toronto-based Jascan Resources’ underground exploration program at its 70%- owned Pansilver joint venture project in Cobalt, Ont. According to Presiden…
Editorial Free trade deal runs treacherous waters
Evidently believing he sees the writing on the wall, federal Liberal leader John Turner calls on the Canadian government under Prime Minister Brian Mulroney to quit the free trade talks with the U.S.,…
METAL MARKETS Base metals to pump industry profits
Base metal prices will on average be some 25% higher next year than in 1986, boosting mining industry profits substantially in North America, the latest Metals Analysis and Outlook publication from Lo…
PRODUCER PRICES (July 20, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (July 1, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). C…
Hidden Lake
An agreement under which it would acquire a 62.5% controlling interest in Hidden Lake Gold Mines has been reported by Ardic Exploration and Development, a private company based in New York. Ardic hold…