Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
Articles by Northern Miner Staff
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…
CORRECTION (May 25, 1987)
Courageous Lake map run in May 18 issue of The Northern Miner incorrectly identified Getty Resources Ltd.’s trading symbol as GBY. Getty Resources trades on the Toronto Stock Exchange and their tradin…
Drilling increases Estrades reserves
A drilling program on the Estrades project in the Casa Berardi area of Northwestern Quebec continues to produce some promising results. Golden Hope Resources and Golden Group Explorations said that …
Editorial Scotian Gold
The geology of Atlantic Canada is associated in the minds of many Precambrian geologists and Upper Canadian mining analysts with images of small-scale industrial mineral operations making little, if a…
Slumping oil prices hurt Conwest earnings
While admitting that the recent oil price collapse wasn’t in Conwest Exploration’s business plan, Chief Executive Officer John Lamacraft is quietly hoping that an oil industry rebound could boost his …
Delaware options Ungava prospects
Calgary based Delaware Resources has signed a letter of intent to option four of the Ungava region prospecting permits in Northern Quebec to Beaufield Resources Inc. Delaware holds a 50% working inter…
Vancouver Stock Exchange Market succumbs to profit-taking
The market has lost some of its earlier strength and appears to be consolidating for its next upward move. Trading volume has dropped sharply and not surprisingly many stocks have succumbed to profit-…
Eldorado’s debt precludes positive uranium benefits
At a time when the worst appears to be over in the uranium industry, Eldorado Nuclear finds itself unable to enjoy the benefits of a firming market for its product. The banks, which financed Eldorado’…
Black Cliff Mines options Malartic property.
Nearly seven years after it reopened the former Vinray gold mine in Malartic Twp., Quebec, Black Cliff Mines of Toronto has optioned the property to Rouyn, Quebec-based Exploration Essor. Exploration …
Pine Point seeks interest in mine
With operations in the Northwest Territories expected to cease in 1988, Pine Point Mines is negotiating a 40% interest in Cominco’s Polaris mine in the High Arctic. Noting that the company is now in t…
Brosnor plans exploration work on 3 properties
A $3-million exploration program for 1987 has been announced by Brosnor Exploration for three Quebec properties. The Louvicourt Twp. gold property in northwestern Quebec will be the site of most of th…