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…
Articles by Northern Miner Staff
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 …
J.A.G. confident about gold bet
J.A.G. Mines continues to feel confident about its Malartic gold property in northwestern Quebec, President Pierre Gevry writes in the annual report. A new drilling campaign this year is following up …
Queries No, Handley does not have a mine
I would like some information with regard to some shares I own in Handley-Gerlach Mines. They were given to me by my brother-in-law in his will and I would like to find out if: the shares are any good…
Nor-Quest bid for Northair a “property grab”
A formal offer has been made by Nor-Quest Resources for control of Northair Mines which is now preparing a fairness opinion on the proposal. The hostile takeover bid has already been denounced by Nor…
Montreal Exchange Abitibi Metal active
While trading activity was generally moderate this week on the Montreal Exchange, one mining firm, Abitibi Metal Mines, managed to turn over more than 900,000 shares. Abitibi Metal, which closed down …
Lacana boosted by Mascot Gold purchase
Following a banner year in 1986, in which the company recorded net earnings of $9.6 million (80 cents per share) after extraordinary items, Lacana Mining is looking ahead to even better returns this …
Redpath publishes mining cost book (June 29, 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…
Glamis and Gold Fields sign a lease agreement
A formal lease-purchase agreement has been signed between Glamis Gold and Gold Fields Mining for 2,400 unpatented mining claims in Imperial Cty., Calif. The claims cover approximately 75 sq miles in t…