Teck/Tundra considering underground exploration
The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tund…
Articles by Northern Miner Staff
State-of-the-art technology exchanged at open pit meet
Some 200 open pit mine engineers and operators met in Calgary, Nov 6 and 7, to exchange information and ideas with geotechnical consultants and university professors on the economic and safe design of…
Bachelor Lake improves grade
Above-average grades are being cited as the main reason behind the improved gold production at the Bachelor Lake Gold Mines property near Demaraisville, Que. For the third quarter ended Sept 30, the m…
Rambo’s drilling extends shear to 330-ft horizon
A mineralized section more than 55 ft wide was intersected in hole 86-2 on Rambo Explorations’ Turgeon property in northwestern Quebec’s Massicotte Twp. The company says the hole confirms the extensio…
Mining to be conventional at Pegasus’ U.S. project
The Montana Tunnels project will be the first conventional mining operation for Pegasus Gold which has built a solid reputation for processing low grade gold ores by heap leach methods. Located about …
Barrick buys into Cons Gold
Precocious American Barrick Resources, already a darling of North American gold stock investors and not yet three years old, has boldly grabbed a substantial stake in Consolidated Gold Fields. Barri…
Bonanza discovery claimed by Taywin
Taywin Resources has stripped and trenched a bonanza gold and silver discovery on Vancouver Island. Further exploration is planned including percussion and diamond drilling, says J. Donald Graham, pre…
Metals Report Gold loans for mines gain favor
Gold’s role as the currency of last resort is being enhanced by a growing trend among financial institutions to finance mine development through gold loans. Gold loans work this way. A bank lends a co…
Tax Angles AMT effects on flow-through
Bill C23, tabled in the House of Commons on Nov 7, contains measures to implement the alternative minimum tax (AMT) announced in December, 1985. When this bill is passed, the AMT measures will become …
Marcus control goes to private investor
Control of Consolidated Marcus Gold Mines will pass to a private investor, Wilanour Resources says. Wilanour, which has a 65.5% interest in Marcus, agreed to sell the interest for $40,000. Before sell…
Letters to the Editor Harry Oakes
Regarding Harry Oakes, referred to in a page 1 story in the Dec 1 issue of The Northern Miner, titled Mining’s unique practices questioned at Lac appeal. He was not murdered in Bermuda. He was murdere…
Cambior options Siscoe property from Maufort
Cambior has taken an option on Ressources Maufort’s Siscoe property in northwestern Quebec’s Val d’Or area. Cambior, which will act as operator on the project, can earn a 50% interest by completing tw…