Discovery, Midcon plan amalgamation
An amalgamation has been approved by the boards of directors of Disc overy Mines, Midcon Oil & Gas and Yellowknife Bear Resources. The companies will form Discovery Corp. Discovery shareholders will r…
Articles by Northern Miner Staff
Metals Report Gold trading in the Far East
For most of us, gold trading is a mysterious business at best. From the five bankers who set the bullion price in London twice each day to gold smugglers in Bangkok, most North Americans know very lit…
Noranda intersects narrow mineralization
Narrow mineralization has been intersected by Noranda Exploration on the company’s optioned gold property near Silverton, B.C. The ground is held under option from Andaurex Resources. Noranda complete…
Production imminent, Royex eyes Hedley
With production from its Mascot gold mine scheduled for mid-1987, Royex Gold Mining has moved decisively to expand its land position around Hedley in south-central B.C. Royex will take a share positon…
Forest Hill adds zest to Seabright’s potential
Underground development work at Seabright Resources Inc.’s gold property here is advancing rapidly to put ore reserves into the proven category. While an investment research report by Levesque, Beaubi…
American Platinum assays platinum at Lac des Iles
Platinum and palladium mineralization has been assayed on ground tyi ng on to the eastern boundary of the Madeleine Mines platinum-palladium Roby deposit in the Lac des Iles area, north of Thunder Bay…
Teck will not proceed on Fleck’s platinum bet
In a move that has left Fleck Resources in the words of President Jo hn McGoran”not in the best position,” Teck Corp. has not picked up its option on the former’s 100%-owned platinum group metals (PGM…
Whiff of flow-through death emanates from Finance Dept.
Statements made last week by Finance Minister Michael Wilson are the closest thing yet to a requiem for flow-through share financing. Preaching tax reform to a congregation of corporate executives and…
Mono Gold Mines boosts reserves
Additional drilling has enabled Mono Gold Mines to increase reserves on the company’s Madoc, Ont., area property to 249,940 tons grading 0.446 oz gold per ton. The reserves, which are not broken up by…
Letter to the Editor Westmin correction
It seems you were just a touch presumptuous in “promoting”our George Flumerfelt to the head of the class in our Mining Division, (N.M., Nov. 17/86). He’s a very capable guy but we still have Dick Ostr…
United Reef/Canhorn in joint venture
A joint venture has been formed between United Reef Petroleums and Canhorn Corp. to further explore the former’s Nickel Offsets mine acquired by Canhorn through its recent amalgamation. Under the term…
People (December 01, 1986)
EQUINOX RESOURCES — W. W. (Chuck) Carlton appointed director succeeding Mark Waller who has resigned.