Break-neck activity keeps market hopping
For the third straight month, records were shattered on the Toronto Stock Exchange making March the all-time top month for both dollar value and share volume traded. Dollar value traded rose to a reco…
Articles by Northern Miner Staff
Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…
Storimin is set to resume work on Moss Twp. bet
Storimin Exploration says it will resume exploration immediately after breakup on its Moss Twp., Ont. gold prospect, about 70 miles west of Thunder Bay, where a 30,000-ft drill program has been comple…
Batle Mt. plans a Canadian office
Battle Mountain Gold has a problem. With a steady cash flow, healthy profits and no debt, the Houston-based gold producer is trying to decide where best to spend its growing cash reserves. It could be…
Northern Dynasty lists on TSE
The common shares of Northern Dynasty Explorations were posted for trading on the tse on April 10. The company is listed in the mining category with 5,437,500 common shares, of which 5,125,000 shares …
Fast pace at Duport by Cons. Professor
Underground driling will continue at a fast pace at Consolidated Professor Mines’ Duport gold property near Kenora, Ont., reports President G. R. Cunningham-Dunlop. The underground program will includ…
New projects for Glen Auden Res.
The new projects undertaken by Glen Auden Resources this year include: * Ground geophysics are planned on the 51-claim joint venture with Mineta Resources. The property adjoins Rambo Exploration’s pro…
Seabright sits on jewel of east
On the threshhold of crossing that magic line which separates exploration companies from gold producers is Toronto-listed Seabright Resources. This Halifax- based company plans to produce from its Bea…
President bullish Lacana looks to a good year
He may be new to the job, but that’s no reason Gil Leathley should remain a stranger. The new president of Toronto-based Lacana Mining believes in getting out to meet his workers. “I spend about 40% o…
La Teko start
Development work has begun at La Teko Resources’ Ryan Lode heap leach project near Fairbanks, Alaska (N.M., Feb 16/87). The company hopes to produce 13,000 oz gold this season from agglomerated materi…
Metals industry must compete in an active materials market
It won’t be an easy task but the metals industry can fight back in the marketplace. “Yes, but it’ll be tough,” George Jewett, of the Toronto consulting firm Jewett & Associates, told a luncheon meetin…
Merger terms okayed for Cdn Premium, Mahogany Minerals
The boards of directors of Canadian Premium Resource Corp. and Mahogany Minerals have approved an amalgamation ratio for the merger of the two companies. An independent consultant has placed a thresho…