Letters to the Editor Canmamax’s rebuttal
In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…
News
Sinking resumes at Cigar Lake
Shaft sinking adjacent to the largest high grade uranium deposit in the world at Cigar Lake, Sask., should re-commence this week. Regina-based mining contractors Thysson Mining Construction of Canada …
Minnova Expands Adams Lake Presence
A recent option agreement giving Minnova Inc. (TSE) the right to earn a 70% interest in the Victory property held by Pacific Minesearch (VSE) adds yet another project to Minnova’s already extensive ex…
Montreal Exchange Abitibi volume leader
Blue chip stocks featured prominently in weekly trading on the Montreal Exchange this week as a slumping gold price led the market lower. Most active issue on the exchange was Falconbridge with more t…
Glencairn to mine diamonds from placer bet in Brazil
Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …
More good assays released at Noble Peak, Dejour bet
An expanded drill program is about to begin on the remote Turquetil property where partners Dejour Mines (TSE) (50%) and Noble Peak Resources (ASE) (50%) have obtained some good intersections. Located…
Golden Star adds polymetallic project to Bolivian assets
Calgary-based Golden Star Resources (ASE) recently added a Bolivian polymetallic property to its list of South American mineral assets. Located in the Andes mountain range, near the Argentina border, …
Letters to the Editor Madeleine’s mystery mine
I write you because I am concerned with Madeleine Mines of which I possess 1,500 shares. I refer to two 1988 articles in The Northern Miner, one March 14, the other July 18. The first one mentioned th…
Assoc. Porcupine, Amer. Reserve drill second deep hole
A second deep drill hole has been completed at the Paymaster gold property at Timmins, Ont., partners Associated Porcupine Mines (TSE) and American Reserve Mining (ME) report. The hole was drilled to …
Alberta Stock Exchange Suffolk loses ground
With gold prices in the $427(US) per oz range and the market still sleepwalking through summer, it’s hardly surprising that there wasn’t much action during trading this week. Volumes were generally lo…
Toronto Stock Exchange Interest rates hike, falling gold ravage
Investors scrambled to salvage what little they could following a week-long slump which culminated in a savage 64-pt drop yesterday and today. Last month’ s rally, which set a post-October 19th cras…
Moss Res. makes exploration plans
Exploration plans this year for Moss Resources (ASE) include further drilling to delineate reserves on the Kasagiminnis Lake, Randall Lake and Opapimiskan Lake properties, and comprehensive exploratio…