In its latest foray into the acquisition market, Northgate Exploration (TSE) will spend about $40 million to gain a major interest in five Vancouver exploration companies and a problem-plagued Califor…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 19 July 18 July 15 July 14 July 13 Copper 1288-1290 1248-1249 1303-1304 1303-1305 12…
The highest grade zinc mine in the country, the Winston Lake operation at Schreiber which came into production early this year, “can be nothing but a winner,” H. A. Pearson, P.Eng., president of Zenma…
Spurred by encouraging surface exploration results at its Lindsley base/precious metals prospect in the Sudbury area of Ontario, Falconbridge Ltd. (TSE) plans a $32- million shaft sinking and undergro…
A $200,000 flow-through share financing will enable Aurogin Resources (VSE) to finance the company’s 33.33% interest in an exploration program in Palmer and Ryan twps., Ont. Located near Sault Ste. Ma…
About five years and $6 1/2 million after they embarked on a joint venture to look for a deep-seated extension of the same formation which houses the Hemlo, Ont., gold mines, partners Noranda Explorat…
A 75% equity interest in Saskatchewan-based Avonlea Mineral Industries has been acquired by Ekaton Industries (TSE), the latter company reports. Ekaton says it will convert $600,000 of its $1.6-millio…
An underground exploration program is under way at the Seattle Mine/Flag Hill property at Republic, Wash. The program is being funded by Texas Star Resources (VSE) which can earn a 50% interest in the…
Mixed trading highlighted this past week’s activity on the ME, where the market portfolio recorded a small loss but the mining and minerals index climbed more than 8 pts. Daily volumes were light, ran…
Bentley Resources (VSE) is negotiating the sale of its interest in the Bagdad Chase project in San Bernardino, Cty., Calif., to what it describes as a “major U.S mining company.” But the sale is condi…
A number of Alberta issues eased themselves out of the summer doldrums to post some substantial gains during trading this week. Leading the way were Twin Gold Mines and Louisiana Mining. They both add…
Contrary to what was reported in The Northern Miner recently, Galactic Resources and Lepanto Consolidated Mining have blocked out approximately 292,200,000 tons of grade 0.041 oz gold per ton at the L…
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