Gold output tumbles at Galactic project
The production shortfall at Galactic Resources’ Summitville gold project in Colorado is having significant impact on the company’s share price. Galactic recently reported that November production was …
Articles by Northern Miner Staff
Vancouver Stock Exchange Waiting for the year-end rally
Wednesday close, Dec 17 The tone of the Vancouver market has changed significantly with a number of factors, including tax loss selling, depressing trading activity and prices. The year-end rally that…
AIGUEBELLE makes new hold discovery near Vezina mine
Aiguebelle Resources has made a new gold discovery on a previously unexplored part of its wholly-owned Bassignac Twp. property in northwestern Quebec about two kilometres southeast of its Yvan Vezina …
Audrey Res. to seek $8-million financing
An $8-million financing will be sought by Audrey Resources for the company’s optioned Mobrun project. The cash will be used for continued exploration of the property up to June, 1987. By making the ex…
Bighorn diamond drilling at Island Lake property
Diamond drilling is under way at the Island Lake gold property of Bighorn Development Corp. Crews are also rehabilitating the abandoned shaft on this northern Manitoba property. The crew has already r…
Adjustment in tax rates needed by coalindustry
The Coal Association of Canada has recommended major tax structure changes to ensure that the coal industry remains viable in the face of stiff international competition. Addressing a media briefing i…
Insider trading of Belmoral raises takeover speculation
Insider trading in shares of Belmoral Mines has led to renewed speculation that the gold mining company may be the subject of a takeover bid. While recent insider trading has not shifted control of th…
Dome budgets $2 million for Snoppy Lake project
A drill-indicated mineral inventory of 2.2 million tons grading 0.24 oz gold per ton has been established by Dome Exploration in two zones on the Snoppy Lake property north of Pickle Lake, Ont. Dome, …
Grades higher than expected at NSR’s Rand Malarctic bet
Now that the underground drilling of the 67 Zone at the Rand Malartic Quebec gold property of NSR Resources has been completed, the company plans to have a revised ore reserve study completed by mid-J…
Golden Pond will comply on share tradeback
Golden Pond Resources will comply with a Quebec Superior Court decision ordering it to trade back all the shares of A-Pri-Or Mining Exploration it had acquired since June 27 in exchange for Golden Pon…
Owl Creek West results awaited
It seems that just about everyone is waiting for additional drill results on the Owl Creek West project including partners Syngold Exploration and Kidd Creek Mines. At press-time, there were no furthe…
Roxmark drilling in Geraldton area
Drilling has started with two rigs on the Geraldton, Ont., holdings of Toronto-listed Roxmark Mines. Approximately, 10,300 ft of surface drilling is scheduled for completion by Feb 28, 1987, President…