B.C. public concerned about moratorium
British Columbia’s minister of energy, mines and petroleum resources, Jack Davis, has responded to public concerns regarding the government’s decision to permit British Columbia’s uranium moratorium t…
1987
First General Mine diamond drilling in Stover Twp., Ont
A $150,000 diamond drilling program to test geophysical anomalies for their precious metal potential is under way by First General Mining Management and Gold Corp. in Stover Twp., Ont. The exploration…
Golden Star finds new zone in Guyana
Golden Star Resources says a new zone of gold mineralization has been discovered on the company’s Omai property in Guyana, South America. The newly identified gold-bearing sector, the so-called wenot-…
BGR’s asset value up 33% in 1 year
BGR Precious Metals says its net asset value on Oct 31, 1986, was $11.81, a 33% increase from a year earlier and a 19% increase from three months earlier. On Oct 31 there were 6,156,968 Class A shares…
Placer and Golden Star may develop Guyana gold
An agreement should be completed within weeks that could see Placer Development and Edmonton-based Golden Star Resources develop a gold property in Guyana, South America. The mineral potential of this…
Financing vehicle opens door at end of flow-through tunnel
There can be little doubt that flow-through financing has facilitated the discovery of several significant gold deposits in Canada. But when a company, particularly a small operator, decides to mine o…
Editorial we’re old but new
The Northern Miner, now moving into its 72nd year of publication, is a venerable institution, but not an old one. It is not old, that is, in its outlook and attitudes. It is for instance keeping up wi…
COATS Trading Features (January 12, 1987)
Issues on the COATS over-the- counter system were generally listless, with many trading downward. Matt Berry Mines gave up some ground to 35 cents -40 cents . The company, which controls a gold proper…
Sherritt deals off fertilizer interest
Sherritt Gordon Mines and Unocal Canada announce that they have entered into an agreement under which Unocal has acquired a 50% interest in Sherritt Fertilizer Co. Sherritt Fertilizer Co., a partnersh…
People (January 12, 1987)
MIDLAND ENERGY CORP. — David A. Hutton appointed to the board of directors.
Cdn. Lencourt gets shareholder nod for takeover move
Shareholder approval has been received by Canadian Lencourt Mines for the acquisition of Explorco Properties, a private company holding mineral assets. Canadian Lencourt, which is operated and control…
Toronto Stock Exchange Blockbuster week as composite sets record
A powerful price surge both north and south of the border has made it a banner week for investors. With a blockbuster gain of 104.59 pts over the reporting period, the widely followed composite 300 ha…