Joutel plans big effort at Stewart
More than $1 million will be spent by Joutel Resources and partners on exploration this year, Joutel shareholders heard at the annual meeting. A major effort will be made at the company’s property nea…
Articles by Northern Miner Staff
Noranda to produce from Isle Dieu mine in July ’88
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
Royex’s remarkable growth guided by Goodman’s hand
The rapid growth and successful transformation of Royex Gold Mining Corp into a major mining investment house over the past three and a half years has been nothing short of remarkable. However the ver…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 29, 1987)
June 23 June 22 June 19 June 18 June 17 Gold London Bullion Dealers afternoon (morning) $US per oz. 440.20(448.10) 438.00(443.60) 449.00(452.25) 452.20(451.10) 451.25(448.25) Gold Bank of Nova Scotia…
Geodome on TSE
Recently accepted for listing on the tse was Geodome Resources, which has completed a final feasibility study for its Sunbeam mine in Idaho. President Herman Whiton Jr. reports the feasibility study e…
Judge’s death could complicate Lac-Corona suit
The death on June 19 of Mr Justice Bert James MacKinnon, Associate Chief Justice of Ontario, could complicate the already intricate Lac Minerals, International Corona lawsuit. Judge MacKinnon, who die…
Viceroy encouraged by Calif. drilling
Drilling results continue to be encouraging at Viceroy Resource Corp.’s Castle Mountain property in California. Step- out drilling on the west side of the Oro Belle deposit yielded some impressive dri…
Yorbeau high on Astoria bet
Encouraging drill results have been reported this year on the Astoria property near Rouyn, Que., by Yorbeau Resources which, pending completion of a mine feasibility study, is hoping to have the proje…
Balcor assays look promising
Significant assays have been reported from another three holes at Balcor Resources’ Lasthope property southeast of Lynn Lake, Man. The holes included 7.5 ft of 0.83 oz gold per ton, 10.8 ft averaging …
Metal Prices FREE MARKET London Metal Exchange (June 29, 1987)
Spot closing prices in Pound Sterling per tonne Date June 23 June 22 June 19 June 18 June 17 Copper 971-972 959-960 965-966 975-976 975-976 Lead 376-378 …
Power plans big drilling program
Power Expllorations plans to complete approximately 100,000 ft of diamond drilling by year-end. The large program, scheduled to begin in August, will test several properties held by the company in Ont…
Tax Angles The 1987 Tax Reform a quagmire for investors
Last week, the Minister of Finance, Michael Wilson tabled the government’s long-awaited proposals for tax reform. In general terms, the proposals call for a broadening of the income tax base for both …