Polestar outlines platinum anomalies
Anomalous zones of nickel, copper and platinum group metals values have been identified by Polestar Exploration on the company’s Kluane Lake claims in the Yukon. A stripping program is under way in ad…
News
Syngold joins with Minnova to explore bet
An agreement has been reached between Syngold Exploration and Minnova Inc. whereby the former will participate in an underground exploration program at the Delbridge/Kerralda property near Rouyn-Noran…
Acadia bullish on Millstream Fault area near Bathurst, N.B.
One and a half million dollars is to be spent by Acadia Mineral Ventures on gold exploration in the Bathurst area of northern New Brunswick this year. Noranda Inc., through Noranda Exploration, by com…
News in Brief (September 14, 1987)
Dasher Resources reports sale by way of a private placement of 1,500,000 of its units at 30 cents a unit, with each unit consisting of one common share and one non- transferable share purchase warran…
T. Boone Pickens ups bid for Newmont to $6.3 billion
In a bid to stave off a hostile takeover bid by American corporate raider T. Boone Pickens, Newmont Mining Corp. — one of the largest gold miners in North America — just got bigger. The company, whi…
Ronrico has $7m. program to reopen Louvicourt mine
Another gold mine in the booming Val d’Or area is to be reopened. Culminating lengthy negotiations, Ronrico Explorations has come to an agreement under which it can earn up to a 75% interest in the Lo…
Montreal Exchange Stabell riding high
Trading activity remained high this holiday-shortened week on the Montreal Exchange but the trend was downwards, with both the market portfolio and mining and minerals index losing ground. Stories of …
Ansil on track foir Minnova
It’s not official yet, and won’t be for another few months, but Minnova Inc. plans to put its Ansil copper mine near here into production at the end of 1988 or beginning of 1989. The Northern Miner re…
Nordac is encouraged by drilling, trenching on Yukon joint venture
Encouraging results are reported by Nordac Mining Corp. on the Goldstar gold property on Mt. Freegold, in central Yukon. Nordac is in a joint venture on the property (66 2/3%), with Rexford Minerals, …
Dundee-Palliser buoyed by Vezza drill results
Dundee-Palliser Resources of Toronto reports a net loss of $61,781 (1.4 cents per share) compared with net income of $67,656 (2.1 cents per share) for the same period in 1986. The 1986 first-half re…
Cuvier drilling two properties
Diamond drillng contracts have been awarded by Cuvier Mines for projects in Newfoundland and Labrador. On the Baie Verte peninsula in Newfoundland, Cuvier plans to drill 5,000 ft on the company’s Ming…
Nuinsco remains bullish on Beauchastel project
Nuinsco Resources and Seadrift International remain bullish on the prospects for their Aldermac project at Beauchastel Twp. near Rouyn/Noranda, Que. The joint venture partners are encouraged by result…