Letters to the Editor Disputes Newfields claims
An article in the June 29 issue of The Northern Miner titled “Newfields sees cash flow start by late 1987” contains numerous erroneous and totally misleading statements. Newfields Minerals states that…
News
Granges options Almaden’s claim
Granges Exploration has optioned Almaden Resources’ Wampum claim block in southeastern Manitoba. The block comprises about 260 sq mi and covers the southwesterly extension of the Wabigoon greenstone b…
Flow-throughs to fund Marker joint ventures
Marker Resources of Calgary recently completed a $1.4-million subscription agreement with First Exploration Fund 87 to finance exploration activities on joint venture properties in Newfoundland and Ma…
Toronto Stock Exchange Record breaking week capped by profit taking
A bout of profit-taking capped another record-smashing week on the Toronto Stock Exchange. Fueled by increasing tensions in the Persian Gulf, gold bullion prices soared on Aug 3 to $478(US) per oz. At…
Montreal Exchange New market high
With the price of gold on the rise, surging resource issues pushed the Montreal Exchange’s market portfolio and mining and minerals indices to record levels this past week in moderate trading. The mar…
$25 million issue by Asamera Minerals
Asamera Inc. announces that the previously reported sale of 2,500,000 units by its subsidiary Asamera Minerals Inc, to Dominion Securities and Midland Doherty for resale to the public, closed as sched…
Stillwater starts small, aims high
North America’s only producing platinium group metals (pgm) mine just south of here has been in operation for only four months. But already, plans are being laid by the operator, Stillwater Mining, to…
Toodoggone program for Multinational
A first-phase drill program has been completed on Multinational Resources’ Toodoggone area property north of Smithers, B.C. Sixteen holes aggregating 5,036 ft were drilled to test the B zone along str…
Lithium Corp gets new life; joins in search for gold
A revival is in the works for The Lithium Corp. of Canada. The company, whose Manitoba beginnings can be traced back to 1934, has joined in the hunt for gold. The Lithium Corp., which owns or has inte…
People (August 10, 1987)
Northgate Exploration — Pascal Dessureault appointed president of Northgate Mines Inc., a wholly-owned subsidiary. Genco Industries — Manning W. Cox appointed vice-president exploration and director…
Tailings work well under way
Mill City Gold Inc and joint venture partner Tyranex Gold Inc are well under way with their project to reprocess old mine tailings at the Tyranite mine, near Gowganda, Ont. The Tyranite mine produced …
Editorial Zounds] An NDP government in Ottawa
There’s been a lot of talk lately, impelled by a good deal of media exposure and of course by somewhat astonishing by-election victories, about the possibility of a New Democratic Party government at …