Moneta deals for properties near Timmins
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…
Articles by Northern Miner Staff
Tartan Lake cornerstone in Abermin’s growth plan
The goal of Abermin Corp. is to become a “major mining company by 1995,” Roger P. Taylor, president, told the annual meeting. He said the Tartan Lake project in northern Manitoba (N.M., June 8/87) “wo…
Alberta Stock Exchange Most issues lower
After a burst of activity in recent weeks, some of Alberta’s most active precious metal stocks took a well earned breather. At least that’s how it looked after recent movers like Suffolk Resources and…
McFinley gains 100% interest in Red Lake bet
Its joint-venture agreement terminated on the Bateman Twp. project at Red Lake, Ont., McFinley Red Lake Mines now holds a 100% interest in the property. McFinley, which had a 50% interest in the proje…
Metal Prices FUTURES PRICES (June 29, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July…
Editorial Thank Wilson for small mercies
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…
HSK plans aggressive program for Queenston acquisition
In investment circles there’s a well-known adage which states that a good deal helps to sell a deal. In a bid to get the financing for its recent Queenston Gold Mine acquisition, Hugh Harbinson, presi…
Noront completes program at Olive
An underground examination of the Preston Olive mine property near Fort Frances, Ont., has been completed by partners Noront Resources and HSK Minerals. The program confirmed the presence of two miner…
METAL MARKETS Base metals beat summer doldrums
Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …
People (June 29, 1987)
M. A. Hanna Company — Garth W. Henry elected vice-president and comptroller.
Pioneer uncovers new Bonito zone
Some relatively high grade gold values have been reported from a breccia feeder system at Pioneer Metals’ Bonito property near Ruidoso, N.M. President Robert D. Willis confirms the system is “only one…
METAL MARKETS Palladium demand recovers
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…