Articles by Northern Miner Staff

Core Shack MAGNACON MINE

The Magnacon mine, 68 miles west of Wawa, Ont., has drill- indicated reserves of 1.4 million tons averaging 0.24 oz gold per ton in quartz veins hosted in quartz-sericite schist within a shear zone at…


Stikine puts stake in Eskay Creek on block

Half the Eskay Creek gold project north of Stewart, B.C., is up for sale. Stikine Resources (VSE) has appointed Yorkton Continental Securities as its fiscal agent to locate a buyer for its shares. The…


Fairbanks expands drill program

Results from recent drilling on the Fort Knox gold project near Fairbanks, Alaska, have prompted project operator and 51% owner Fairbanks Gold (VSE) to expand the 1989 exploration and development prog…



Cominco, Ennex deal

Two companies within the Cominco Ltd. (TSE) fold have acquired options to earn a 35% interest in 30 properties owned by Ennex International (LSE) in Ireland. Cominco Ireland and Pine Point Mines can e…



Nuinsco to lower debt via $1.4 m debenture

Toronto-based Nuinsco Resources (TSE) has entered into an agreement with Deak International Resources Holdings, whereby Deak will subscribe for a secured convertible debenture in the principal amount …


Coral Gold may sell Nevada mine

Low gold prices and some operational problems associated with bringing a new heap leach mine on stream are expected to “hold down production” at the Robertson gold mine owned by Coral Gold (TSE). The …


Reources Sept 27 Cut line Should go

(Set using regular measure). Above is a table of results from six drill holes released recently by Aur Resources (TSE) and joint venture partner Societe Miniere Louvem (TSE). The partners are explorin…


Lencourt reports progress in Zaire

Toronto-based Lencourt Ltd. (TSE) says progress is being made in its bid to gain control of the Sominki tin and gold mining properties in Zaire, Africa. Sominki owns and operates tin and gold mines in…


MOBRUN

By 1992, the 1-million-tonne mineable reserve of copper, zinc, gold and silver in the Mobrun mine should be all mined out. Nevertheless, the amount of ore hoisted from the mine will not fall to zero a…



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