Steep Rock Resources says Falconbridge Ltd. has terminated its (November 03, 1986)
agreement on Steep Rock’s King Bay gold property in the Sturgeon Lake area of Ontario.
Articles by Northern Miner Staff
Bighorn going underground once financing completed
Pending the successful completion of a $1-million flow-through share issue, Bighorn Development Corp. plans to rehabilitate the shaft on the main vein on its Island Lake gold property in northern Mani…
Silvera starting drilling program
Diamond drilling is expected to start in early November on the Anton and Wapiyao gold properties held by Silvera Resources in B.C. and Saskatchewan respectively. Funding for the work will be provided …
Thompson proposal would cut dealers’ compensation
The Thompson committee on junior mine financing has gone back to the regulatory drawing board and returned with major changes to its proposals for dealer compensation. The Ontario Securities Commissio…
Queries: Control of Pamour
I read with interest your nice article Sept 1, 1986, regarding the proposed merger of Pamour and Giant Yellowknife. During the past year articles said Pamour was bought by a mining company from Austra…
Packard Resources has changed its name to Conpac Resources Ltd. on
1-new-for-each-5-old shares.
A French research institute, Ifremer, has discovered substantial
deposits of cobalt off the islands of Tuamotu near Tahiti, says the French government. Production was halted Oct 22 at Boliden AB’s Aitik copper mine near Gallivar in northern Sweden when 400 of the m…
Survey maps Pickle Lake area
The hot Pickle Lake exploration area in northwestern Ontario is covered by a set of 59 new survey maps just released by Ontario’s Ministry of Northern Development and Mines. The ministry says the maps…
Cost reductions help Lornex to higher profit
A 14% jump in net earnings in the first nine months this year over the same period last year, has been attributed by Lornex Mining Corp. to reductions in operating costs and all other expenses. Lornex…
Financing plan being considered by Gowest
Pending a successful refinancing of Gowest Amalgamated Resources, the company is considering additional drilling on its Denton Twp., Ont., gold prospect, west of Timmins. A 5,000-ft program is conside…
Still holding over $400: Strong dollar key to gold’s slip
When the U.S. dollar strengthened during the past week, gold prices dipped sharply, further evidence that the overiding factor in gold markets continues to be the relative strength of the U.S. dollar….
Brunswick Mining
Brunswick Mining and Smelting reports a loss of $8,090,000 for the nine months ended Sept 30, against a loss of $2,316,000 for the similar period in 1985. Net revenue was $157,504,000 compared with $1…