Savanna/Bow Valley Courageous Lake bet
A joint venture agreement has been reached between Courageous Exploration and Bow Valley Industries. Courageous is held 65% by Savana Resources and 35% by American Chromium Ltd. Under the terms of th…
Articles by Northern Miner Staff
News in Brief (February 09, 1987)
Malartic Hygrade Gold Mines has arranged financing for $3.1 million via an issue of flow-through shares to two funds in Quebec. The funds will finance exploration in the company’s Orion property in Qu…
People (February 09, 1987)
CONCERT RESOURCES – John C. A. de Wit appointed chief financial officer.
Vancouver Stock Exchange Dollar’s rise fuels market volume
Recognizing that a stronger Canadian dollar will lead to lower interest rates, investors are scurrying into equities — both blue chip and speculative. Market volume on Vancouver has been climbing ste…
Mary Ellen signs letter of intent
Mary Ellen Resources has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) whereby Mary Ellen and Lenora Explorations have agreed to joint venture a 17,000-acre Lodge…
Two rigs at work on Novamin ground
Based on 15 intersections from the Tonawanda property in northwestern Quebec, Novamin Resources has determined that the newly discovered zone has an average grade of 0.25 oz gold per ton across 9.9 ft…
New Beginnings gets funds for exploration
A $1-million flow-through- share-funded exploration program will be conducted this year on two properties held by New Beginnings Resources. At the 59-claim Oskabukuta property east of Hemlo, Ont., New…
New find at Tisdale project made by Getty, Davidson
Surface drilling on the S-zone at the Tisdale property held by Getty Resources and Davidson Tisdale Mines has intersected a new zone which could lead to an increase in reserves, the companies say. Loc…
All-North encouraged by PGM assays in Yukon
Some very encouraging platinum group metal assays have been returned from All- North Resources’ Wellgreen property, 220 miles northwest of Whitehorse, Yukon. What is particularly attractive about the …
COATS Trading Features (February 02, 1987)
The two stars of the COATS system this week were Goliath Minerals and Golden Sceptre Minerals, which both opened trading at $1. At the market close they hovered around $1.55 each. Stripped of their va…
PCA closes Saskatoon mine due to heavy water inflow problem
After nearly 22 years of operation, Potash Co. of America is stop- ping operations at its Saskatoon mine, with resumption not anticipated until mid-1988. Heavy inflow of water is the cause, says Ken C…
CROSS CUTS TOO LITTLE, TOO LATE
Last year the south face of the Afton open pit mine, near Kamloops, B.C., experienced what is known to mine engineers as a “severe toppling failure.” In other words some 7.3 million tons of rock broke…