General News & Comment Field meeting
The Geological Association of Canada will conduct a summer Field Meeting in the Northwest Territories Aug 31-Sept 5, titled Yellowknife ’87. The me eting will consist of two days of technical session…
Articles by Northern Miner Staff
METAL MARKETS Don’t count copper out: Strauss
Don’t count copper out, delegates to a recent meeting of the American Copper Council in Toronto, were told by a metals marketing field expert. Simon Strauss, who has an extensive knowledge of the Amer…
Malartic, Barrick to drill Pinto project
Diamond drilling is planned this summer on the Pinto (north) project of Consolidated NRD Resources in the Malartic area of Quebec, according to Malartic Hygrade Gold Mines (Canada). Malartic reports i…
Investment Comment Growth oriented Canamax, is still a buy
A highly qualified management team equipped with the financing to open a mine per year by l991 makes Toronto-based Canamax Resources a definite buy according to Gordon McCreary, mining analyst with Al…
Sullivan Mines target of St. Genevieve offer
A takeover bid has been made by St. Genevieve Resources for control of one of Quebec’s most famous and respected mining companies. The Montreal-based junior exploration company is offering $6.62 per s…
Franco-Nevada sale likely after Carlin gold success
A recent decision by the directors of Toronto-based Franco-Nevada Mining Corp. to transfer all of its non-producing assets to a new sister company, means that Franco-Nevada is up for sale next year. A…
Lac denies rumor
Ian Hamilton, senior vice-president and general counsel for Lac Minerals says there is no truth to a suggestion that Lac has an interest in Scintilore Explorations. A street rumor reported in the stoc…
Toronto Stock Exchange Gold shares continue downward correction
Although the tse composite index advanced sharply by 21.99 pts today to 3,719.11 pts, golds continued to decline losing more than 114 pts to 7,935.12. Good news however, is that gold bullion prices ar…
Muscocho reports high gold values at Magino bet
Three raises being driven from the 200-ft level in the West zone at the Magino joint venture gold project in northern Ontario are returning some high gold values, project manager Muscocho Explorations…
Fleck Resources signs Marathon property deal
Vancouver-based Fleck Resources recently agreed to participate in a number of Ireland and Canada-based joint ventures which could add to its reserves of gold and platinum. In the first of three agreem…
Greenstone, Canamax in Que. joint venture
By spending $1 million over three years, Canamax Resources can earn a 50% interest in 50 Gwillim East claims of Greenstone Resources, located near Chibougamau, Que. Greenstone President Ian Park, says…
Brookbank development remains stalled by suit
The legal wrangle which is stalling the sinking of a 1,800-ft shaft on the Brookbank property near Beardmore, Ont., is far from being resolved, Metalore Resources says. Following announcement in The N…