Pioneer prepares to fend off takeover
Although he has heard “rumors of several companies sniffing around,” Pioneer Metals President Robert Willis doesn’t believe his company is a takeover target. But he concedes that if “somebody wants yo…
1987
Neptune test successful, Colomac moving ahead
It gets colder in the Northwest Territories, a lot colder, but at least the test was done under freezing conditions. For 35 days in October and November, Neptune Resources test-leached 1,500 tons of o…
Some comments from our readers
When it comes to making suggestions, readers of The Northern Miner don’t pull any punches. Many respondents offered good sound advice but, while we received many comments on a job well done, there was…
Total Erickson adds to Getty shareholding
Total Erickson Resources has acquired 250,000 shares of Getty Resources in a private transaction. That increases Erickson’s interest in Getty to 1,089,300 shares or about 11.6% of Getty’s outstanding …
Consolidated Professor increases Duport reserves
A revised mineral reserve calculation has been completed by Consolidated Professor Mines at the company’s Duport gold property in northwestern Ontario. Based on data from a $5.83-million surface and u…
Chesbar uncovers high gold values
High gold values continue to be uncovered in the No 1 raise being driven from the 200-ft level on the No 3 vein at the Chester Twp. prospect in northern Ontario, Chesbar Resources reports. Chesbar, wh…
Gold production up at Audrey’s Mobrun
Audrey Resources says that with underground production under way at its Mobrun polymetallic mine near Rouyn-Noranda, Que., gold production increased substantially there during November. According to A…
Montreal Exchange Audrey boosts output
Starting and finishing the week in positive fashion, the Montreal Exchange is beginning to show more (though still relatively moderate) trading activity compared with recent weeks. The larger “senior”…
Franco-Nevada awaits increased production
Production at Franco-Nevada Mining’s Goldstrike royalty lands in the heart of the Carlin gold trend was disrupted for much of this year as operator American Barrick Resources focused on construction o…
About delivery
The most consistent criticism we received related to delivery of the paper. “Improve your delivery time,” said one reader emphatically, a message echoed by 15% of those who took the time to write any…
South American Goldfields joint venture with Homestake
Another Canadian company, recently incorporated South American Goldfields Inc., which is closely associated with Golden Star Resources, is likewise turning to Guyana, South America, where a major gold…
COATS Trading Features (December 07, 1987)
A generally quiet week is the best way to sum up the performance on coats. Several issues however, did show some life. Clavos Porcupine Mines, which holds a royalty interest on a promising gold play o…