Aumisko name change
Shareholders of Exploration Aumisko (ME) have approved a consolidation of the company’s A shares on a 2-for-1 basis. Shareholders also approved changing the company’s name to Ressources Granisko. The …
Articles by Northern Miner Staff
The Japanese way to boost gold assets
The recent upswing in the price of gold is being accounted for in several ways by analysts. New legislation in Japan allowing non-life insurance companies to invest up to 3% of their assets in gold bu…
Hillsborough feasibility (December 18, 1989)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Kewagama sampling vein structure (December 18, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
Copper-gold find at Hanson Lake (December 18, 1989)
A copper- gold discovery was recently made by Cazador Explorations (VSE) on its Hanson Lake property near Burns Lake, B.C. .T The mineralization was encountered in the main discovery trench within o…
Correction (December 18, 1989)
A tonnage figure of one million tons grading 0.30 oz gold per ton reported for the Little Stull gold project in northeastern Manitoba (N.M. Sept 4/89) was incorrect. Westmin Resources (TSE), the opera…
Jonpol raises $1.3 m for Garrison project
Jonpol Explorations (TSE) says it has completed a prospectus financing with Richardson Greenshields of Canada, whereby the company has received $1.3 million. Of that amount, Jonpol says $1.04 million …
Editorial Determination value
Some say it is impossible to determine the value of a mineral prospect until there is a verifiable measure of mineable ore reserves. Like a car dealer tallying up the value of his business without tak…
Durham antimony closing in January
Low antimony prices have forced Dominion Explorers (TSE) to close its Durham antimony mine in New Brunswick. Employee layoff notices have been issued for a planned shutdown by the end of January, 1990…
Meridian takes option on property adjacent to Beartrack gold
American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
Ketters ti the Editor Logan Drilling
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…
McAvity still bullish on gold as Biron Bay connection shows (December 18, 1989)
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…