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…
Articles by Northern Miner Staff
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…
Goldpost hits good hole in Timmins area gold bet
The Timmins, Ont., area, already stirred by the recent gold discovery of Syngold Exploration, is being further stimulated by drill results from another junior working in the area. Goldpost Resources r…
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…
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 …