MacMillan, Granges busy at Mishibishu
Drilling by partners MacMillan Energy and Granges Exploration on their Mishibishu property west of Wawa, Ont., has cut gold values ranging from 0.13-0.79 oz gold per ton. The drill program is confirmi…
1987
Alberta Stock Exchange Jilbey bucks the trend
Following on market downturns in Toronto and New York, which have seen sharp decreases in share prices, volumes were well down in recent weeks. Even major traders were relatively quiet as investors pl…
Spectacular gold shows made to SMDC, partners
Spectacular shows of gold have been confirmed by the Saskatchewan Mining Development Corp on ground held by the company and partners in the La Ronge area of northern Sask. smdc geologists are taking c…
Champagne flows over gold at D’Or Val Mines ceremony
Officially opening its D’Or Val Mines gold mine near here this month was the Vancouver-based Hughes-Lang Group. About 650 people attending the ceremony saw D’Or Val Mines President Frank Lang, instead…
Cambior gobbles Sullivan Mines
A merger agreement between Cambior Inc. and Sullivan Mines has been announced by Cambior President Louis Gignac. Cambior, which currently has a 35% stake in Sullivan, plans to increase to 100% its sha…
Exploration ’87 set for Toronto
Exploration ’87, otherwise known as the “Third Decennial International Conference on Geophysical and Geochemical Exploration for Minerals and Groundwater”, has attracted a distinguished slate of the w…
Correction (September 21, 1987)
In the Sept 4 issue of The Northern Miner, we reported that Franco- Nevada Mining had losses of $409,000 for the 6-month period ended June 30, 1987. In fact the $409,000 reported was accumulated over …
New high grade zone for Fairfield Minerals
A second high grade zone has been discovered at Fairfield Minerals’ Logan zinc-silver property 65 miles west of Watson Lake, Yukon. The property falls under a joint venture agreement with Getty Resour…
Montreal Exchange (September 21, 1987)
Continuing to trade actively on the Montreal Exchange this week was Abitibi Metal Mines, which closed down 3 cents to 24 cents with more than 1.2 million shares changing hands. Confident about bringi…
Major drill program will start soon on Quebec Cobalt bet
A 35,000-ft diamond drill program is scheduled to start before the end of September on the Arrowhead gold property of Quebec Cobalt and Exploration in Joannes and Bousquet twps., Que. The 1,000-acre p…
Wilco debenture deal
Wilco Mining has issued a convertible note to Deak Ariadne Ltd. which raised $1.1 million. The funds will be used to purchase 400,000 shares of Seadrift International Explorations which is drilling th…
Urangesellschaft planning uranium mine in the N.W.T.
Today, exploration activity in the Northwest Territories is generally directed towards precious metals. The reason? Shipping mineral concentrates out of the north is expensive when compared to a refin…