Correction (October 13, 1986)
The Northern Miner incorrectly reported Oct 6 that Quill Resources can earn a 49% interest in the Paymaster gold mine property at Timmins, Ont., from Associated Porcupine Mines by funding the first ph…
News
The first six months of 1986 were disappointing for Colonial Oil
Oil and gas production revenues were down 49% to $3.5 million, natural gas production was down 42% to 1.1 billion cu ft and crude oil production was off to 25,000 bbl compared with 31,000 bbl for the …
A working option has been obtained by Dawson Eldorado Mines to
of the Caribou mineral lease in its Keno project in the Mayo mining district of the Yukon Territory. The company has the right to mine a 5-ft-wide vein that was discovered during this summer’s explora…
Calgary-based Canu Resources and Ican Resources of Vancouver have
an amalgamation into a new company operating under the name Ican Minerals. The purpose of the merger is to consolidate the two companies’ interests in the Blue Dog and Almaden mine properties in Idaho…
New high-grade zone drilled next to 3-million ton orebody
The Northwest Territories’ premier gold producer, Echo Bay Mines, has intersected some high grade gold values on the Cass zone near Indin Lake. Although results from some 27 holes put down on the zone…
People magnus resources
A. G. Gordon-Tydd appointed president, M. M. Gordon-Tydd elected secretary, Jerome Rak, A. G. Gordon- Tydd and George D. Vreeland elected directors. mines accident prevention association ontario — Wi…
Sunburst optimistic about re-activation
Aggressively seeking equity financing, Sunburst Exploration is optimistic that it can be re-activated as a dynamic junior mineral exploration entity in this current fiscal year. Director T. Jensen rep…
American Eagle will fly Oct 20
The Eagle, the first gold coin minted by the U.S. government in 54 years, will go on sale Oct 20. Sales of the legal tender, 92% pure-gold coin are expected to reach as high as 2.2 million oz of gold …
Nova buys old Ontario mine works on another in Quebec
Already well advanced on a joint venture re-development program on an old mine in Quebec, Nova Beaucage Mines is setting out on its own with a similar re-development scheme for a mine in Ontario. The …
Terra signs deal on Mexican play
An agreement has been signed between Edmonton-based Terra Mines and a Mexican mining company called Industrias Penoles, S.A. de C.V. providing for joint exploration and development of a group of gold …
Assay results are expected shortly from a first diamond drill hole
by Consolidated Sea Gold, on its Cahill claim group at Hedley, B.C. The company says the hole was drilled to a depth of 903 ft, with visual mineralization throughout most of it. Further drilling is go…
Nanisivik, Ontario rescue co-winners
Ontario’s mine rescue team, entered for the first time ever in the national mine rescue competition, has tied with a Northwest Territories team from Nanisivik Mines for top spot in the event, held rec…