Lenora calculates Worvest reserves
Reserves have been calculated by Lenora Explorations for the company’s Worvest property, held in joint venture with American Barrick Resources. Located immediately west of Barrick’s Holt-McDermott min…
Articles by Northern Miner Staff
Canamax budget to hit $11 million
A total of $11.5 million is budgeted by Canamax Resources on Canadian exploration this year. Of that amount, $8 million comes from certain agreements reached with Amax of Canada Ltd., Amax Inc. and NI…
Rio’s default felt in Spain
Fallout from Rio Algom’s decision to default on a $155-limited non- recourse loan to build its East Kemptville tin mine in Nova Scotia is being felt elsewhere in the world. In November Rio handed over…
range tables error
Readers may have noticed that some of the 1985 high-lows in the 1986-1985 price range tables published in last week’s edition of The Northern Miner were the same as for 1986. This was due to a techni…
COATS directory an aid for investors
The Canadian Over-the-Counter Automated Trading System (COATS), is getting an assist in the form of a new directory. Now available, the new COATS directory is described by its publishers, COATS Direct…
News in Brief (January 19, 1987)
Acadia Mineral Ventures says it has completed a private placement of flow-through shares, to raise a total of $400,000, at a price of $1.95 per share. President Donald Smith says the funds raised will…
Vancouver Stock Exchange Trading heavy as gold moves up
The Vancouver market has become extremely active and there are signs it could get better yet. Gold prices have been moving higher in response to weaker American dollar and to the Iran-Iraq war, which …
Mascot “operation wawa” off the starting block
It has taken a few years but Murray Pezim’s “Operation Wawa” is off the starting block and about $2.5 million will be spent on the project this year. Mascot Gold Mines, the exploration arm of the Inte…
Nexus spending to soar on St. Joe Red Lake bet
Mine finding — like development — is capital intensive and the availability of exploration funding has always been a key ingredient in discovering new mines. Today that funding is often provided by …
Sherrgold and MMR plan Manitoba exploration blitz
Exploration in the Lynn Lake, Man., area is expected to heat up this year following a concerted effort by SherrGold Inc. and Manitoba Mineral Resources to seek more joint venture partners. The two com…
Company executive describes hole as “geologist’s dream”
A 600-ft-wide zone of strongly sericitized and sheared felsic tuffs containing 1% to 10% pyrite and, locally, visible gold, has been intersected right in the middle of Toronto-listed Wilco Mining’s 6-…
Beaufield drilling cuts gold values
Anomalous gold mineralization has been encountered by drilling on the Douay and Joutel twps., Que., gold property owned by Beaufield Resources. The best results from the three-hole program assayed 0.0…