COATS Trading Features (February 09, 1987)
The most glamorous gold issue of the decade hit the markets this week. Hemlo Gold Mines, which was issued at $19.25, opened up at $20.63 and closed at $20.75. The issue traded as high as $21 on good v…
Articles by Northern Miner Staff
Drilling under way at Schell Ranch bet by Colony Pacific
Drilling is under way at the 100%- owned Schell Ranch property in Calaveras Cty., Calif., says Colony Pacific Explorations President Pierre Lebel. Five holes, SR No 16 to SR No 20, were drilled at 100…
Star Lake mine pours first gold
After a 50-year absence, primary gold production has returned to Saskatchewan. In January, the Star Lake gold mine poured its first gold bar, weighing in at 712 oz. The bar had a value of $350,000. Sh…
Teck Chairman wins B.C. Chamber award
Two awards were presented at the B.C. & Yukon Chamber of Mines annual meeting, one to Dr N. B. Keevil Sr and the other to James McDougall, for their contribution to the province’s mining industry. Mr …
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…
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…