Multinational gets $1m. from Japan
A large Japanese trading house will provide $1 million for exploration and development of Multinational Resources’ Toodoggone gold property in northwestern B.C. Two Canadian subsidiaries of Nissho Iwa…
Articles by Northern Miner Staff
Debt-heavy Sherritt to sell mining assets
After some 60 years in the mining business, Sherritt Gordon Mines is putting its mining assets on the selling block in hopes of easing its debt load which at $134 million is proving to be just too cum…
Denison earnings slip
Weak potash markets knocked down earnings this first quarter for Denison Mines, says President J. D. Fowler. Its 60% owned potash project near Sussex, N.B. reached commercial production status on Jan …
Montreal Exchange Onyx, Oasis active
Two companies belonging to Groupe Minier of Val d’Or, Onyx Resources and Oasis Resources, each traded more than a million shares during the past week on the Montreal Exchange. Onyx, which closed up 10…
Merger proposed for 2 companies
The directors of Golden Rule Resources and Goldsil Resources are recommending to their shareholders that the two companies merge. The amalgamated company will issue each shareholder of Golden Rule 1.5…
Editorial Prescription for a mineral policy
The following guest editorial is from George Miller, managing director, The Mining Association of Canada, Ottawa. The Honorable Gerald Merrithew, Minister of State (Forestry and Mines), is expected …
Terra Mines defers Bullmoose decision
A net loss of $13.9 million has been reported by Terra Mines for 1986, compared with a net loss of $1.9 million for the previous year. Of the 1986 total, a writedown of the Bullmoose Lake gold propert…
Toronto Stock Market Golds drop after a wild ride on a
It was a turbulent week for gold shares as the price of the yellow metal on commodity markets swung wildly as hope for more stability in the U.S. dollar took hold. On Monday, the price of gold shot up…
Aber encouraged at Russell Lake
Encouraging assay values have been received by Aber Resources from the company’s S.P. property near Russell Lake, N.W.T. Two holes in the main zone intersected multiple gold-bearing zones. Hole 36 cut…
Savanna drilling cuts sulphides, gold
In-fill drilling by Savanna Resources on the company’s Turner Albright massive sulpide deposit has cut wide sections of sulphide and gold mineralization. The property is located in Oregon. Hole 60 int…
Decline is completed at La Ronge Jolu bet
An underground decline has been completed at the Jolu property in the La Ronge area of Saskatchewan. Royex Gold Mining is operator for the joint venture which includes Canadian Premium Resource Corp. …
Energy to drill in Timmins area
A program of line-cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…