Sinking resumes at Cigar Lake
Shaft sinking adjacent to the largest high grade uranium deposit in the world at Cigar Lake, Sask., should re-commence this week. Regina-based mining contractors Thysson Mining Construction of Canada …
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Total Erickson/Agip suspend Mt. Skukum project
When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…
Grab Samples (August 15, 1988)
The federal government’s Export Development Corporation says its deal to insure Placer Dome’s investment in Papua New Guinea is its largest foreign investment deal ever. The insurance covers Placer’s …
Catear goes underground to prove up reserves
Some people like to do things the old fashioned way. And this probably explains the reasoning behind the current program at Catear Resources, (VSE) Goldwedge property, less than a mile from the Newhaw…
PDAC challenging federal grant incentive plan
The Prospectors and Developers Association of Canada (PDAC) has expressed concern about the federal government’s new grant incentive program for mineral exploration on a number of issues. The program,…
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…
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…