Montreal Exchange Belmoral- Yorbeau deal
“If at first you don’t succeed, try again,” appears to be the strategy being followed by Belmoral Mines of Toronto, which has announced it will spend $5 million on shares and warrants of junior-mining…
News
PDAC convention set for March 6-9
The Prospectors and Developers Association of Canada (pdac) is gearing up for its 56th annual convention March 6-9 at Toronto’s Royal York Hotel. Theme of this year’s meeting is Financing — The Key t…
Sun Valley deal on Arizona play
Sun Valley Gold Mines has concluded an agreement to acquire a 100% interest (subject to a 10% net profits) in 10 mining claims near Wickenburg, Ariz. The claims include the former Rincon Mining proper…
Letters to the Editor Industrial minerals coverage
I read with interest the results of your Readership Survey What readers like — and don’t like — about The Northern Miner, (Dec 14, 1987). I strongly disagree with the findings in one very important …
Letters to the Editor What’s an arrastre?
With reference to the Odds ‘n’ Sods story by A. E. Alpine in your issue of Dec 28: the ore-grinding device he came across is called an arrastre. It is sometimes spelt with an “a” at the end instead of…
Chelsea debenture
The placement of a $500,000 convertible debenture has been completed by Chelsea Resources. The debenture was placed with Lufer Corp. and is convertible at $2.35 per share over a one-year period. Chels…
Fired Inco Ltd. miners are back on the job
Inco Ltd. has reinstated seven miners who were fired from the company’s Frood Mine in Sudbury last October for dangerous mining practices, the company said recently. Inco says the miners, found taking…
Bear Lake purchases Greenwood crown grant
Bear Lake Resources has signed an option agreement for the purchase of the C.O.D. Crown Grant claim in the Jewel Lake area of British Columbia’s Greenwood mining division. Bear Lake will pay J. A. San…
Jonpol cuts best hole yet on Garrcon bet
Several strong drill intersections have been completed by partners T & H Resources (40%), Jonpol Explorations (40%) and Coastoro Resources (20%) on their joint ventured property in Garrison Twp., Ont….
U.S.A. gold excursion planned by CIM
A field trip to a number of operating gold mines in Utah and Nevada is being planned by the Toronto branch of the cim May 22-29. It will include the Mercur operation in Utah, Goldstrike in the Carolin…
Noranda, Central release results from 2 areas of Eagle River bet
Encouraging drilling results have been obtained by Noranda Exploration and Central Crude from two areas of the 290-claim Eagle River gold prospect located 30 miles from Wawa, Ont., in the Mishibishu L…
Falconbridge issue benefits from higher nickel prices
The volatility of the market seems to have worked in favor of Falconbridge Ltd., which recently completed a share issue worth $142.5 million prior to a drop in the nickel price. Nickel recovered in 19…