Rights offering
In a bid to eliminate its long- term debt, Mineral Resources International is planning a rights offering to common shareholders. The offering is being designed to raise up to $12 million for MRI which…
Articles by Northern Miner Staff
Aur sees higher grades on Que. bet
Underground drilling by Aur Resources on its First Canadian property near Val d’Or has indicated grades could be significantly higher than originally estimated from surface drilling. The arithmetical …
St. Joe Gold’s profit improves in fiscal 1986
St. Joe Gold reports net income of $7.9 million or 25 cents per share for the year ended Oct 31 compared with $5.3 million or 17 cents per share for the same period a year earlier. The company, a unit…
50 YEARS AGO –FEBRUARY, 1937– RICH ORE AT LITTLE LONG LAC’S LOW
Winding up the year 1936 with great improvement in all departments, Little Long Lac Gold Mines appears destined to achieve new record heights this year, The Northern Miner can say after visiting the p…
Dolphin plans $3 million surface/underground work
Significant gold and silver mineralization has been discovered by Dolphin Exploration on its Cape Ray project in southwestern Newfoundland. The best results were from two drill holes in the Windowglas…
Vatican in the gold business
Investors should soon be able to buy 3-ounce gold reproductions of gold seals that are iconographic treasures, found in secret archives in the basement of the Vatican in Rome. The seals, said to make …
Cusac is set to produce at a new gold structure
Cusac Industries says a second major structure has been scheduled for production at its Table Mountain property near Cassiar, B.C. The company says this is one of six gold-bearing veins found in 1986 …
Editorial Duncan R. Derry
With the passing this week of Duncan Derry, this country has lost a highly respected ambassador of Canadian economic geology — the very engine that powers this mining industry of ours. Certainly his …
THE GRADUATING CLASS
The gold exploration boom that began in the late 1970s continues to beget new mi nes — 12 of them in the latest graduating class. Considering the thousands of p roperties explored each year and the m…
Malartic drift entering Orion ore
The No 8 zone at the Orion gold property is expected to be reached by an underground drift within days, Malartic Hygrade Gold Mines says. Located less than a mile northeast of the Camflo-Malartic gold…
Omni launces underground work
An underground development program is under way at Omni Resources’ Skukum Creek gold property in the southern Yukon. A 1,500-ft adit is being driven into what is thought to represent the main gold-sil…
Toronto Stock Exchange Market prices take another wild spin upwards
The market chalked up yet another wild week with the composite 300 tacking on 107.81 pts to new- high at 3,354.3. Golds provided part of the impetus mid-week as the price of gold on commodity markets …