Petromet/RCI reach agreement
An agreement has been reached between Petromet Resources and Resource Capital International (RCI) whereby RCI will subscribe for 150,000 units of Petromet for a total price of $360,000. Each unit cons…
Articles by Northern Miner Staff
X-Cal drilling on Snowbird bet
A 10-hole, 3,000-ft diamond drilling program has been completed on the Snowbird property in the Omineca mining district of B.C. by X-Cal Resources. The drill program indicates that the Snowbird gold/a…
Editorial The Christmas spirit
Last week we carried a story on this page about Christmas in a northern mining camp in the early 1930s, in which painted macaroni and tinfoil from tobacco tins served as tree decorations, and partridg…
Alberta Stock Exchange Goldhunter Soars
An option deal between Goldhunter Expolorations and Gallagher Explorations provided a shot in the arm for the former company, as it surged to a new high of 90 cents before correcting to 73 cents on …
Two significant veins hit by Black Swan
A mining feasibility study is being prepared for Black Swan Mines’ Gabanintha project in Western Australia with a view to putting it into production by mid-1987. According to Arthur T. Fisher, preside…
Blue Moon project reserves increased
Ore reserves and grade have increased at the Blue Moon project in California, reports Imperial Metals Corp. President Pierre Lebel. Total probable reserves stand at 2.1 million tons grading 0.060 oz g…
COATS Trading Features (December 22, 1986)
Errington Industrial was changed into Goldteck Mines on a one for one share basis. The new company, Goldteck, continued trading at $1.25-$1.30. The company is exploring a gold prospect near Matachewan…
Queries Spirit recharging
I understand that Spirit Lake has acquired some property in the Wawa area. Please fill me in. D. H., London, Ont. Not much has been heard from Spirit Lake Exploration since the late 1970s, but it seem…
Madeleine arranges additional funding
Additional funding has been arranged for Madeleine Mines, which is developing a large paladium-platinum-nickel-copper deposit in the Lac Des Iles area of northwestern Ontario. The company reports that…
Getty, Davidson launch program
A $2.6-million exploration program covering the balance of the 1986 flow-through year has commenced at the Tisdale gold project of Getty Resources and Davidson Tisdale Mines near Timmins, Ont. Getty h…
Wilco options N.S. property
Toronto-listed Wilco Mining has acquired an option to explore and, if feasible, to bring to production, a 960-acre gold prospect at Wine Harbour, near Sherbrooke, Guysborough, N.S. Wilco acquired the …
Anomalous platinum assayed by Stockmen
Anomalous platinum values have been assayed following a reconnaissance geochemical survey of claims held by Stockmen Energy in the Ungava area of northern Quebec. Of 125 grab samples collected, 80 wer…