News in Brief (June 22, 1987)
Tyranex Gold reports it has acquired three properties comprised of claims in Knight, Deloro and Pifher twps., Ont. Aggregate consideration for all three properties, the company says, was $10,400, paya…
Articles by Northern Miner Staff
Abitibi receiving exploration funds
Abitibi Resources will receive between $1 million and $2 million for exploration work on properties, including the company’s Recher- Casa Berardi property, under an agreement signed with Sofimines 198…
EDITORIAL Mining has a story to tell
The following is from a recent speech by W. R. A. Aitken, executive vice-president, Inco Ltd., to the Mines Accident Prevention Association of Ontario, We need to get people excited about the (minin…
Denn’or considers further exploration
Currently studying the results of an exploration program on the former Val d’Or East Sullivan concession in Bourlamaque Twp., Denn’or Exploration is considering a second program. The company reports i…
Essor plans to explore Black Cliff property
Exploration Essor of Rouyn, Que., will begin a major underground exploration program in July on Black Cliff Mine’s Malartic Twp. property in northwestern Quebec. Exploration Essor has an option to ear…
Vancouver Stock Exchange Rae continues to benefit from find
Still feeling the positive effects of the polymetallic mineral find by Minnova Inc. on its Adams Lake property near Kamloops, B.C., Rea Gold closed up 25 cents to $5.38 this week on a volume of 816,6…
Montreal Exchange Market takeover talk
A couple of takeover bids, one confirmed and the other a rumor, highlight activity this week on the Montreal Exchange, where the mining and minerals index has been in decline and trading in general ha…
Cash flow from Zeballos seen soon
Cash flow is expected this summer from New Privateer Mines’ Zeballos gold property on Vancouver Island. In the annual report Harvey H. Cohen, president, says that initial mill feed will be taken from …
NovaGold raises $2.75 million for work on N.S. gold property
Another gold exploration company in Nova Scotia appears to be headed for an underground exploration program. Soon-to-be-listed (on the tse) NovaGold Resources Inc. says a $6.6-million program is recom…
EDITORIAL Leave well enough alone in boom times
At a time when Saskatchewan, along with much of the rest of Canada, is enjoying one of the greatest exploration booms in the history of the province, it appears less than wise for the Saskatchewan gov…
Mazarin drilling on 3 properties
Diamond drilling programs have been commenced on three Quebec properties — Scheffor, Wilco and Samson — by Mazarin Inc. The Scheffor property is located 30 km northwest of Schefferville and is 1,000…
Place hopes are riding on Golden Rose property
Despite the apparent lack of shareholder interest in the activities of Place Resources, chairman Michael Butler expects 1987 to be a banner year for the Toronto company. Only six shareholders attended…