Alberta Stock Exchange Disputes affect stocks
On a week when Alberta gold stocks awoke from recent slumbers, allegations of fraud and breach of contract affected a couple of issues quite differently. News that Mohave Gold will retain a 100% of it…
Articles by Northern Miner Staff
Construction work gets under way at Ketza River
Construction work has started on the Ketza River project of Canamax Resources and Pacific Trans Ocean Resources. Camp facilities are being installed, clearing of the mill site is under way, and road a…
Energy ups holdings adjoining Owl Creek
Energy International Overseas Corp. has now acquired 16 contiguous claims in the Timmins area adjoining Falconbridge’s Hoyle Pond and Owl Creek gold mines on the north, Geo. S. White, president, advis…
NSR helps finance exploration work on Rand Malartic
Toronto-based NSR Resources has obtained regulatory and shareholder approval to finance about half of a $4.4-million exploration program at the Rand Malartic property in Quebec. The balance of the fun…
owl Creek, Hoyle Pond are attracting interest
There’s been a lot of potential buyer interest since it was reported that Falconbridge Ltd. was considering selling off its Owl Creek and Hoyle Pond gold mines at Timmins, Ont., according to Falconbri…
Northair fends off hostile takeover bid
As anticipated, Northair Mines successfully defended a hostile takeover bid by Nanaimo-based Nor-Quest Resources. At the annual meeting a relieved Northair President Donald A. McLeod announced almost …
New gravel road to access Canamax and Magino mines
Construction of a 14-km all- weather commuter road, linking two new mine sites in the Goudreau-Lochalsh area near Wawa, Ont., is scheduled to begin later this year. While construction rests on the res…
ATLANTIC REPORT Noranda hits significant values
Noranda Exploration continues to be active in the Atlantic provinces. On its Tally Pond-Duck Pond project in central Newfoundland the company has intersected significant precious and base metal values…
Cominco steps up pace of property evaluation
Turning a supertanker around in a narrow channel is tricky business. Sometimes you have to come to a full halt to change direction, an analogy that probably applied to Cominco before it was taken over…
Toronto Stock Exchange High-flying market given big boost by gold
A market rally pushed the tse to record levels for the second week in a row, with metals and other resource issues counting for their fair share of the trading activity. The tse composite 300 index, w…
Reserves increased for Cominco Resources
Cominco Resources International says it has increased potential copper-cobalt reserves at its Sheep Creek project in Montana. The property falls under a joint venture agreement with BHP-Utah Minerals …
Underground work starts at Esperanza Tillicum bet
An underground development program is under way at Esperanza Explorations’ Tillicum gold property in the Nelson area of B.C. By the first w eek in July, the 2,112 level had advanced another 220 ft and…