Hemlo will fund Moss Lake work
Toronto-based Hemlo Gold Mines (TSE), in full charge of Central Crude (TSE), will finance further surface drilling this fall on the latter’s Moss Lake gold project in northwestern Ontario, its new pre…
News
Uranerz resumes drilling for Saskatchewan diamonds
Drilling is under way on the Fort a la Corne diamond property 40 miles east of Prince Albert, Sask., report partners Uranerz Exploration and Development and Cameco (TSE). The 1992 program will follow …
Chase raises $3 million for Taysan copper-gold project
With more than $3 million in the bank after a recently completed public unit offering, Chase Resource (VSE) can now concentrate on bringing its Taysan copper-gold project in the Philippines through to…
Eastern Stone
A 49.9% interest in granite producer Igneous Stone has been acquired by Eastern Stone Products (ASE). Igneous operates the Belmont granite quarry near Havelock, Ont. (in the province’s southeast). Als…
NEWS ROUNDUP — Greenstone raises project funds
A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield I…
Minnova unit in option deal on Blue Dog gold property
The Blue Dog property in Washington Cty., Idaho, was recently optioned by the U.S. unit of Minnova (TSE), the third major to option the gold property in recent years. Minnova can earn a 50% interest i…
MINER DETAILS — North entering post-colonial era
This November, 17,000 Inuit of the Eastern Arctic are expected to ratify a land claim tied to the creation of Nunavut, a vast territory covering 772,000 square miles to be carved out of the Northwest …
EDITORIAL PAGE — Driving directors away
If Ontario has any doubts about where its proposed labor laws will lead, its legislators have only to look across the country at Westar Mining in British Columbia. Both provinces are making it impossi…
LETTERS TO THE EDITOR — Embassy interested in company plans
May I compliment your newspaper on its reporting of Canadian mining activities in Mexico. I often learn about these initiatives through an article in The Northern Miner before I hear from the companie…
Freewest gears for number of winter drill programs
Despite continuing low share prices, Freewest Resources (TSE) has much to be optimistic about, President Mackenzie Watson announced at the company’s recent annual meeting. “Things, exploration-wise, a…
METALS MARKETS — Russian nickel sales spur market
Fast-moving news continues to sway nickel markets. Russian exports of official and unofficial nickel are the dominant influence. Unofficial Russian nickel metal and scrap, selling at substantial disco…
New discoveries at Pitt Island
A generation ago, Texasgulf was at the forefront of massive sulphide exploration in Canada. Now, some of the company’s old prospects are beginning to surface with new players applying the latest in ex…