Four Seasons holes cut low grade assays
Drilling by Four Seasons Resources failed to intersect economic gold mineralization on the company’s Beaver Dam property in Nova Scotia. The 2-phase drill program tested sections of the main slate hor…
Articles by Northern Miner Staff
PEOPLE (April 20, 1987)
ONTARIO PETROLEUM ASSOCIATION — M. R. Hayhow elected president for 1987.
Lacana completes sale of shares
Lacana Mining says it has completed the sale of five million common shares, represented by deposit receipts, at $12 each. The proceeds have been used to reduce the debt incurred from Lacana’s recent p…
Madeleine gets grant for road construction (head)
Madeleine Mines has received a commitment from the Ontario government to conditionally contribute up to $25,000 per kilometre for an access road to its Lac Des Iles project in northwestern Ontario. Cl…
Letters to the Editor Resents slur on Indonesians
I have had the article by Keith McCandlish (Odds ‘n Sods, Feb 23/87) on coal exploration in Indonesia pointed out to me. Only the threat, at the close of the article, that there might be more of this …
Mining taxation
A one-day seminar, providing an update and overview of the taxation of the Canadian mining industry, will be offered May 5 at the Four Seasons Hotel (Yorkville), Toronto. Topics to be discussed includ…
Noranda, Placer both looking at Dome Mines shares
Noranda Inc. and Placer Development both admit they have an interest in the possibility of buying the shares of gold-producer Dome Mines held by Dome Petroleum, but neither Noranda nor Placer appear t…
Newhawk back at Sulphurets
Underground development work has begun at Newhawk Gold Mines Sulphurets project north of Stewart, B.C. Freight and equipment have been transported to the site for a $5 million 2-phase program, the fir…
Toodoggone project affected by Serem (now Cheni Gold Mines Ltd)
The decision by Serem Ltd. to proceed with its Lawyers project, north of Smithers, B.C., will effect a number of properties in the Toodoggone area, including the Mets project of Manson Creek Resource…
Editorial Stock hot-line
Three gold exploration companies had trading of their shares halted this week in Vancouver and Toronto for a rather unusual reason. It appears that over the weekend, a Toronto-based penny stock invest…
Hudbay bottom line better despite weak metal prices
Even though base metal prices continued at depressed levels last year, Hudson Bay Mining and Smelting was able to improve its bottom line, but not enough to boost it into the black. The company’s net …
CFC changes corporate name to Minnova Inc.
Innovation in mining will characterize the new Corporation Falconbridge Copper, so the company has taken that phrase and fashioned a new name for itself — Minnova Inc. Since control of the company –…