Letters to the Editor Madeleine’s mystery mine
I write you because I am concerned with Madeleine Mines of which I possess 1,500 shares. I refer to two 1988 articles in The Northern Miner, one March 14, the other July 18. The first one mentioned th…
News
Assoc. Porcupine, Amer. Reserve drill second deep hole
A second deep drill hole has been completed at the Paymaster gold property at Timmins, Ont., partners Associated Porcupine Mines (TSE) and American Reserve Mining (ME) report. The hole was drilled to …
High pitch in profit for Battle Mountain
The profit song of Battle Mountain Gold (TSE) keeps taking on a new and higher pitch. The 3-year-old company reports record earnings in the second quarter and first half of this year, largely, its cha…
Gunsteel Plans Mill For Nugget Property
With ore reserves estimated at 233,000 tons grading 0.33 oz gold per ton, Gunsteel Resources (VSE) says a mill with an initial capacity of 100- 150 tons per day is now “economically viable” on its Nug…
Copper producing subsidiary boosts Rio Algom earnings
Increased net earnings reported by 68.8% owned subsidiary Lornex Mining Corp. (VSE) were among the factors which contributed to a profitable first half for Toronto based Rio Algom (TSE), the company a…
Minnova Expands Adams Lake Presence
A recent option agreement giving Minnova Inc. (TSE) the right to earn a 70% interest in the Victory property held by Pacific Minesearch (VSE) adds yet another project to Minnova’s already extensive ex…
Montreal Exchange Abitibi volume leader
Blue chip stocks featured prominently in weekly trading on the Montreal Exchange this week as a slumping gold price led the market lower. Most active issue on the exchange was Falconbridge with more t…
Editorial In flow-through limbo
Many in Canada’s mineral exploration industry feel they’re in a state of limbo; activity today is certainly not at the level of 1987’s hectic pace, but neither have the dark days of the early 1980s re…
Alberta Stock Exchange Suffolk loses ground
With gold prices in the $427(US) per oz range and the market still sleepwalking through summer, it’s hardly surprising that there wasn’t much action during trading this week. Volumes were generally lo…
Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
American Barrick Resources photo
An aerial view of the newly-opened Holt-McDermott gold mine site, located 25 miles northeast of Kirkland Lake, Ont. The gold mine is the first to open in the historic Kirkland Lake gold mining area in…