1987


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…


Mingold, Range in $3m. venture

An agreement has been completed between Golden Range Resources and Mingold Resources, a 100%-owned affiliate of Inspiration Resources Corp. and Minorco Canada. Under the terms of the deal, Golden Rang…


Normetal expects higher tonnage

Higher reserves are expected by Normetal Mining Exploration following the first phase of drilling on property in Desmeloizes and Perron Twps. in northwestern Quebec. The drilling, financed by La Sarre…


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…


Parklane to start drilling program at Contwoyto Lake

A 10,000-ft program of diamond drilling is planned by Parklane Technologies on the Rox/Vox claim group in the Contwoyto Lake area, N.W.T. The company says it is preparing now to start the first-phase …


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…



Production early ’88 for Perron gold mine

Operators of the Sleeping Giant gold-silver mine project located about 40 miles north of here are gearing for a production start-up in January, 1988, The Northern Miner learned during a recent tour. T…


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…


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