News

Newhawk and Lacana deal gets shareholder approval

The reverse takeover of Newhawk Gold Mines by Lacana Mining Corp. has been approved by Newhawk shareholders. The deal will see Newhawk acquire Lacana’s 30% interest in the Sulphurets gold project in B…


Grand Teton expects to produce in 1988

Vancouver-listed Grand Teton Industries fully intends to be producing gold by this time next year. The company can earn a 50% interest in the Adelaide Crown property in Humboldt Cty, Nev. But first, t…


Quartz Mtn. placement raises $1 million

Vancouver-listed Quartz Mountain Gold has completed a private placement with four European institutional investors for 1 million units at $5.625 per unit, the company said recently. Quartz said procee…


People (November 16, 1987)

Talisman Mines — has announced its new board of directors, effective Oct 22, comprising Fred Ellerginton, John F. T. Gravely, Victor Huggard, Fred Munger and G. W. Siddall. Edward F. Carr resigned as…



GAC meeting

The joint national meeting of the Geological Association of Canada, the Mineralogical Association of Canada and the Canadian Society of Petroleum Geologists will be held May 22-25, 1988, in St. John’s…


Anglo Porcupine deals with Norex

Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration. Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spen…


Seadrift loss

Seadrift International Exploration reports a loss of $834,000 for the nine months ended Sept 30, compared with a loss of $321,0000 in the similar period last year. The company reports issue of share c…


Correction (November 16, 1987)

In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…


Atlantic Report NovaGold going to bulk sample

Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…


Newhawk releases program results- 1 col 18TR

A total of 35,000 ft of surface diamond drilling has been completed this year by Newhawk Gold Mines on its Sulphurets project north of Stewart, B.C. The company recently obtained approval to increase …


Carlin reserves rising to South Africxa proportions

From the rear seat of a helicopter it looks more like the backdrop to a spaghetti western than the site of North America’s latest gold rush. As the visitor hovers over the open pit mines along the Car…


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