McChip gains option on Garrison ground
McChip Resources has obtained an option from Noranda Exploration giving McChip the right to earn up to 50% of Noranda’s interest in a property in northeastern Ontario’s Garrison Twp., north of Kirklan…
Articles by Northern Miner Staff
Metals Report Gold starts ’87 with bang
That oppressive U.S. trade deficit just won’t go away. On a downtrend since August, it seemed like the deficit was slowly coming under control. Then November’s deficit was announced — $19.2 billion, …
Belmoral looking for buyer to take control position
Within five months Belmoral Mines hopes to find a buyer willing to spend about $24.9 million for two blocks of shares that, combined, represent up to 27.4% of the company’s equity. In a twist on the W…
Letters to the Editor Minicipalieies back flwo-through
The following letter has been sent to Finance Minister Michael Wilson at Ottawa. I would like to take this opportunity to convey to you some of the very strong feelings that many of our member municip…
United Keno funding
United Keno Hill Mines reports it has an agreement with NIM and Co., Limited, Partnership — 1987, for the provision to United Keno of flow-through exploration funding. United Keno says it will issue …
Budget fears fuel frenzy for flow-through shares
“A feeding frenzy” is about the only way to describe it, William F. White, senior vice-president of corporate finance at Merrill Lynch Canada says of the public’s rush for the new issue of flow-throug…
D’Or Val cuts new vein on Beacon gold property LD
A 20 ft section of gold quartz mineralization has been pulled by D’Or Val Mines in the Discovery vein at its Beacon mine just east of Val d’Or, Que. The vein material in this diamond drill hole, No. 1…
Alberta Stock Exchange Golds spur volumes
Volumes, fuelled by a gold price which sailed past $417(US) per oz, returned to the Alberta Stock Exchange this week. One of the week’s best gainers was Citadel Gold Mines, which advanced more than a …
Search for King Sol’s mine
Some people dream of waking one morning to find a million dollars on their doorstep. Others buy expensive advice on how to pick lottery numbers. And yet others, a little more daring and, needless to s…
TSE Short Positions (January 19, 1987)
The semi-monthly report as of Dec 31 showed 12,476,508 shares of 642 issues compared with 15,239,477 shares of 626 issues on Dec 15. Larger individual positions included: Amer. Barrick 30,900; Bow Va…
Chesbar Murgold ramp to be completed by month end
An exploration ramp being put down by operator Chesbar Resources on Murgold Resources’ Chester Twp. property about 70 miles southwest of Timmins, Ont., has reached 1,082 ft and is expected to reach it…
Montreal Exchange Radisson rallies
A drill hole on Radisson Mining Ressources’ Douay Twp property in northwestern Quebec’s Casa Berardi area reversed a decline in the new issue that saw its stock price fall to as low as 30 cents . This…