Weak results from Springer gold bet
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
1991
Goldex extends gold zone on Val d’Or property
Continuing exploration on the Goldex Extension (GE) zone near Val d’Or, Que., has extended the strike length of gold mineralization on the property by an additional 400 ft. The Goldex Extension projec…
Cameco layoffs
As part of a plan to further downsize and streamline its Ontario fuel services division, Cameco is laying off 58 employees this summer at its Blind River and Port Hope operations. The downsizing will …
Underground cheaper than pit at Kutcho: American reserve
A preliminary report on the Kutcho Creek copper-zinc massive sulphide property indicates the deposit could be mined using underground methods with lower capital and operating costs than an open pit op…
The Miner marked 40th year with move to new quarters
Editor’s note: The Northern Miner recently moved from its premises in Toronto to new office space in Don Mills, Ont. The following is a speech delivered in 1955 by then President Norman C. Pearce at a…
Cambior to purchase another 25% of mine
Montreal-based Cambior (TSE) has reached an agreement to purchase an additional 25% interest in the Valdez Creek placer gold prospect in Alaska from a subsidiary of Valdez Gold for US$6 million. Once …
NovaGold’s ambitions rely on processing technology
The corporate strategy of NovaGold Resources (TSE), based in Halifax, N.S., is to become a “vertically integrated major mining company,” says company Comptroller Glenn Holmes, and “a world leader in t…
Cassiar miners back at work
A union dispute at the Cassiar mine in northern British Columbia has been resolved by the ratification of a 2-year agreement by the mine’s 330 union employees. The mine is owned and managed by a unit …
Denison to reject Hydro price offer
The future of Denison Mines’ (TSE) Elliot Lake, Ont., uranium mine continues to hang in the balance now that the company and Ontario Hydro have failed to agree on a new pricing formula for a long-term…
U.S. REPORT Hemlock options Nevada gold bet
Golden Hemlock Explorations (VSE) has signed a letter of intent to earn a 50% interest in Golden Quail Resources (VSE) gold property in San Bernadino Cty., Calif., 60 miles south of Las Vegas, Nev. He…
Thompson Belt, Flin Flon attract most attention in Manitoba
Projected exploration expenditures in Manitoba in 1990 are expected to be slightly lower than the estimated $40 million spent in 1989. Claim staking in 1990 was down 30% as compared with 1989 but more…
Columbia planning drilling on Spectrum
After a successful exploration program in 1990, Columbia Gold Mines (VSE) plans to spend about $1 million on the Spectrum property in northwestern British Columbia during the coming season. Columbia i…