Queries Nicoba Mines inactive
I last wrote to The Northern Miner in January, 1981 asking for the address of Nicoba Mines Ltd., a company which I own shares in. You were very kind to send me the address. Can you now tell me if Nico…
1988
Newfoundland’s biggest gold play Noront teams up with Noranda
With three diamond drills starting up this week, a major grass roots exploration program quietly under way over the past two years by Noranda Exploration on a huge spread of almost virgin ground in no…
Ivanhoe Capital makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
Gold funds as of Nov 22
BGR Goldcorp Central MVP Capital Net value $12.33% 9.36 7.29 1.03 Price $10.125% 6.250 6.12 0.67 Discount $17.88% 33.3% 16.0% 35.0% Value $73,395,449 164,…
Gamsan drilling Brabant Lake bet
Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…
Silverado starts up Alaskan gold project
Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…
FINANCING (November 28, 1988)
VANCOUVER Brooks Res. Ltd. — gross proceeds rec $315,000. Evergold Res. Inc. — gross proceeds rec $275,000. Silver Lake Res. — gross proceeds rec $175,000. Simon Fraser Res. Ltd. — min 500,000 off…
Hecla Mining announces third quarter earnings
Hecla Mining reports earnings of $3.4 million(U.S.), or 12 a share, in the third quarter of 1988, bringing year-to-date earnings to $11.3 million, or 42 a share. This compares to earnings of $9.6 mil…
Letters to the Editor Seabright relationships clarified
Two letters concerning your reporting of mineral exploration activities in Nova Scotia (N.M., Oct 24/88) prompted this letter. Having recently moved to Thailand my main source of news about current de…
Books in Review Canadian Institute of Resources Law
The Reference Guide to Mining Legislation in Canada is a revised and updated version of a publication that the Canadian Institute of Resources Law first produced in 1985. That publication had its orig…
Editorial Added bureaucracy
Quebec Mines Minister Raymond Savoie has been openly critical of the Canadian Exploration Incentive Program, the federal government program that changes flow-through share investment benefits from a t…
Bitech Energy drill results
Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…