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…
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…
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…
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…
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, …
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…
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…
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…
Making its first venture outside New Brunswick, Gordex Minerals has acquired a gold property 60 mi southwest of Halifax, N.S. Gordex, New Brunswick’s first primary producing gold company, will spend $…
Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines. The company says it will raise u…
There’s nothing quite like a new discovery to add some sparkle to a market — especially one that’s so close to home. The big news this week of course is the Minnova/Rea Gold find north of Kamloops, B…
The amalgamation of Quebec Cobalt & Exploration with Arrowhead Gold Mines has been approved by the shareholders of both companies, Quebec Cobalt President Richard Evarts said recently. The new company…
In the June 8 issue of The Northern Miner, it was mistakenly reported that Pamour Inc. owns 50.2% of Australia based Giant Resources. In fact the reverse is true.
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