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 …
Articles by Northern Miner Staff
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…
Juniors are the backbone of the mining industry
Mighty oaks from little acorns grow. Very broadly, that well-known phrase sums up the importance to the Canadian mining industry of its junior mining sector — that large group of small companies that…
Tex changes name, raises financing
Alberta-listed Orex Resources has raised $310,000 in a rights offering and intends to raise $1 million more in an exchange offering this month. The money will be used to finance work on three interest…
More drilling starts for Consolidated TVX on Brazil pgm bet
With eight holes already drilled on a platinum-palladium property in Brazil, Consolidated TVX Mining Corp. says a further 28-hole program is under way on the property, with results expected shortly. T…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 15, 1987)
June 9 June 8 June 5 June 4 June 3 Gold London Bullion Dealers afternoon (morning) $US per oz. 452.65(452.05) 456.55(454.40) 453.50(454.70) 452.75(450.25) 453.00(453.35) Gold Bank of Nova Scotia, …
Seabright milestone in N.S. mining history
Several hundred people recently witnessed an historic event in Nova Scotia’s mining industry, the return to gold production after 40 years. The last significant commercial production in the province w…
Hemlo hoping for reduced production cost
An average cost of $120(US) per oz of gold produced is not good enough for Hemlo Gold Mines. The company, a subsidiary of Noranda Inc., believes it can drop that cost to $110 or lower. During the firs…
Maritime juniors in the search for gold
Exploration activity was up sharply in the Maritimes during 1986, and this year is shaping up to be even busier. More than 30 junior exploration companies are at work in Nova Scotia, New Brunswick and…