Cameco layoffs
As part of a plan to further downsize and streamline its Ontario fuel services division, Cameco is laying off 58 employees this summer at its Blind River and Port Hope operations. The downsizing will …
Articles by Northern Miner Staff
Underground cheaper than pit at Kutcho: American reserve
A preliminary report on the Kutcho Creek copper-zinc massive sulphide property indicates the deposit could be mined using underground methods with lower capital and operating costs than an open pit op…
The Miner marked 40th year with move to new quarters
Editor’s note: The Northern Miner recently moved from its premises in Toronto to new office space in Don Mills, Ont. The following is a speech delivered in 1955 by then President Norman C. Pearce at a…
Cambior to purchase another 25% of mine
Montreal-based Cambior (TSE) has reached an agreement to purchase an additional 25% interest in the Valdez Creek placer gold prospect in Alaska from a subsidiary of Valdez Gold for US$6 million. Once …
U.S. REPORT Hemlock options Nevada gold bet
Golden Hemlock Explorations (VSE) has signed a letter of intent to earn a 50% interest in Golden Quail Resources (VSE) gold property in San Bernadino Cty., Calif., 60 miles south of Las Vegas, Nev. He…
Thompson Belt, Flin Flon attract most attention in Manitoba
Projected exploration expenditures in Manitoba in 1990 are expected to be slightly lower than the estimated $40 million spent in 1989. Claim staking in 1990 was down 30% as compared with 1989 but more…
Columbia planning drilling on Spectrum
After a successful exploration program in 1990, Columbia Gold Mines (VSE) plans to spend about $1 million on the Spectrum property in northwestern British Columbia during the coming season. Columbia i…
Rio Algom targeting base metals in new ore search
Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …
Equinox plans third mine operation
With the Feb. 27, 1991, unofficial start-up of its 100%-owned Van Stone zinc mine in Washington State, Vancouver-based Equinox Resources (TSE) is rapidly evolving into a top-class mine developer. The …
Grevet project keeps growing for partners VSM, Serem
Partners VSM Exploration (TSE) and Serem-Quebec expect to have a few surprises in store when they table results of a pre-feasibility study at the Grevet Twp. base metals project near Quevillon, Que. W…
Lik zinc prospect in Alaska key part of Moneta’s plans
Junior Moneta Porcupine Mines (TSE) is starting 1991 with the acquisition of the Lik zinc deposit in northwestern Alaska and full financing of all its major Timmins-based exploration projects through …
U.S. REPORT Sonora writes down Jamestown mine stake
Toronto-based gold miner Sonora Gold (TSE) was forced to break out the red ink again in 1990 after declaring a $17.4-million writedown on its investment in the Jamestown mine in California. Sorona, wh…