Between a Rock and a Hard Place
As you read this story there is probably not a single idle exploration rig in the country. Flow-through financing and some excellent exploration results have made sure of that. But the uncertain futur…
Articles by Northern Miner Staff
Managing A Case for Product Development
The 1985 report to the federal government by the McDonald Royal Commission on the Economic Union and Development Prospects for Canada stated: “In the past, research and development (R&D) in exploratio…
Timmins tailings plan gets OK
Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…
COATS Trading Features (December 29, 1986)
The share price of Comstock Keno Mines, a long inactive company, con tinued to trade in the 37 cents -40 cents range. The company is being reactivated by a financicl company which has plans to seek a…
Manridge financing
Manridge Explorations says it has completed a private placement to r aise a total of $175,000 which it will use to acquire new resource properties, as well as do further work on its silver property in…
Correction (December 29, 1986)
In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…
Golden Caribou relinquishes Holman option
Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…
People (December 29, 1986)
SKYLINE EXPLORATIONS — Norman Anderson appointed to the board of directors.
Terramar progresses at Calif. gold mine
The dewatering phase of the exploration program at the Reid mine pro ject near Redding, Calif., is well advanced, reports Terramar Resource Corp. President Louis P. Starck. So far, some 220 ft of the …
Toronto Stock Exchange Investors take breather on quiet holiday
With investors taking a breather over the holiday period, the market ends this short Christmas week on a quiet note. At noon the widely followed composite 300 was off 1.91 pts to 3,042.66, but that’s …
Giant Bay to test-mine Gordon Lk. gold deposit
Some 10,000 tons of mineralized rock grading 0.62 oz gold per ton wi ll be mined and processed at the Gordon Lake property near Yellowknife, N.W.T., early next month, according to Claus Jensen, presid…
Almaden options Steep Rock bet
Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…