N ovaGold, Northumberland to merge
Two junior Nova Scotia gold explorers are planning a big Maritime wedding.Presidents Gerald McConnell, a Halifax lawyer, and geologist Dr William Young of Toronto, have agreed to amalgamate their tw…
News
Abitibi Metals confirms down-dip extension
Two additional holes drilled in the vicinity of hole 87-15 have confirmed the down-dip extension of a gold-bearing zone discovered at the Jolin property in Carpentier Twp., 55 km northeast of Val d’Or…
First Toronto to amalgamate with Westray
Plans to merge First Toronto Capital and Westray Mining have been announced, with the president of Pamour Inc., Clifford Frame, to become the new company’s chairman. First Toronto is a merchant bankin…
Tangled Canacord web involves Pioneer, Prime
Vancouver stock promoter Murray Pezim has told The Northern Miner that his merchant bank, Prime Capital, may be interested in acquiring Pioneer Metals. Such a move could facilitate an attempt by Pione…
Letters to the Editor Flew with Fecteau
I enjoyed the article on Arthur Fecteau in the Feb 1 issue of The Northern Miner. It was accurate and revealing. I flew extensively with various air transport companies out of Rouyn, Senneterre and th…
Win-Eldrich resumes work on Nevada gold property
Win-Eldrich Mines has completed a preliminary feasibility study on its Ashdown gold property in Nevada and plans to start a 5,000-ft reverse circulation drilling program before the end of February. Re…
Vancouver Stock Exchange First quarter is normally slow
The first quarter is generally slow in Vancouver and this year is no exception. Weaker gold prices have compounded the situation further, but even at these levels producers can still make a tidy profi…
Student competition
Quebec mining group Vior- Mazarin and Les Affaires newspaper have organized a competition for geology students in Quebec studying at the university level. Students, working with an imaginary budget of…
Gordex finds high grade near Cape Spencer mine
Two drills are this week probing a new high grade gold zone discovered by Gordex Minerals on the company’s Cape Spencer property northeast of Saint John, N.B., according to President Hal Pawson. The z…
Despite awkward location Inco on schedule at new mine
As northwestern Quebec was blanketed this week in yet another layer of snow, Inco Gold could well have re-named its first gold producer “frozen” pond instead of Golden Pond. A severe snow storm hamper…
Chibougamau deal one aspect of Greenstone style
How does this deal sound? Buy a land holding consisting of 81 claims groups for $300,000 cash and 474,920 shares valued at about $1.2 million in total. Then, within a year, farm-out a 50% interest in …
American Pacific reactivates mine
In the 1970s the Honduran government imposed an onerous tax burden on Rosario Resources (a subsidiary of Amax Inc.) which led to the closure of its El Mochito mine, a major lead-zinc- silver producer….