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…
Articles by Northern Miner Staff
First gold production from Grandview’s Carson Hill mine
The first gold pour has taken place at Grandview Resources’ Carson Hill project, 120 miles east of San Francisco, Calif. The dore bar contained 254 oz gold, says the company. Grandview forecasts 1987 …
Hudson Bay to redeem debentures
Hudson Bay Mining and Smelting plans to redeem its 9% debentures mat uring on June 15, 1991, and its 10.5% sinking fund debentures maturing on Dec 15, 1995. The redemptions will be made at 101% of the…
Experimental work by Mosquito Creek
An experimental mining program is under way at the Mosquito Creek Gold Mining property in the Wells- Barkerville area of B.C. The work follows closely the termination of its option agreement with Hecl…
Silvera drilling in Saskatchewan
Drilling on the Wapiyao Lake gold property held by Silvera Resources is expected to produce results by February, the company says. Located in Saskatchewan, the property has yielded encouraging results…
Odessa looks for early cash flow
Developing early cash flow from its Birchville property in California is the prime objective of Odessa Explorations which says about $200,000 will be spent on the project in 1987. The property hosts s…
Imperial Metals to sell interest in uranium venture
Imperial Metals Corp. says for $1,750,000 it will sell a 10% partici pating interest in the company’s Saskatchewan Wheeler River uranium joint venture. Imperial says the transaction would result in a …
Our Man of the Year
Walking through the Toronto offices of Selco, the minerals division o f BP Canada Inc., one gets a nagging suspicion that many eyes are following you. On closer examination, one’s suspicions are prove…
Placer benefits as Australia drops tax plan
The Australian government has decided not to proceed with proposals to tax the profits of the country’s gold mines or levy a compensatory tax on dividends distributed by Australian companies. The gove…
Gunsteel aims for 100 tpd at its B.C. gold project
Despite its name the Nugget Vein at Gunsteel Resources’ gold property seven miles southeast of here contains little or no visible gold. So it’s safe to assume the vein was named by someone who thought…
St. George seeks private placement to start gold mine
St. George Minerals says a private placement is being arranged to bring the company’s Fisher gold project into production in 1987. The property is 1.5 miles northeast of its Dean mine property in Neva…
Moneta completes flow-through offer
A first closing on a flow-through share offering by Moneta Porcupine Mines will raise $1 million for the company. The funds will finance exploration on several properties held by the company. In Micha…