Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
Articles by Northern Miner Staff
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…
Verdstone, Sirius to sample placer claims
Bulk sampling of a placer gold deposit, situated 100 miles northeast of Watson Lake, N.W.T., is scheduled to get under way this month by partners Sirius Resources (VSE) and Verdstone Gold (VSE). The…
FINANCING ONTARIO
Timmins Nickel — final rec iss offer min 1,700,000 & max 3,800,000 @ $1.75 perish to net min $2,737,000 & max $6,118,000. VANCOUVER Lynnfield Res — 525,000 offereed @ 45 cents per sh. Oropex Miner…
Corona earns stake in Iskut claims
Gold producer Corona Corp. (TSE) is emerging as a major player, both directly and indirectly, in northwestern British Columbia’s gold c amps. The company already has varying interests in a number of c…
Minnesota mineral sale set for October
A book describing the available mineral claims in Minnesota will soon be available in preparation for that state’s 1989 metallic minerals lease sale. The Mining Unit Book can be pre- ordered for $25(…
Placer Dome finances metallurgical testwork at J&L
The J&L property near Revelstoke, B.C., contains a gold, silver, lead and zinc deposit with potential to be a polymetallic mine. But because the mineralization at J&L is refractory and contains high a…
Intl. Platinum busy on five properties
A diamond drilling program is under way on the Picket Pin project of International Platinum (TSE). The property is nine miles from the Still water platinum-pal ladium mine in Montana. In a recent prog…
Alberta Stock Exchange Roper Rises
When a company like Pan East Resources trades over one million shares in a single session there are usually some drill results or a financing to e xplain all t he activity. But in Pan East’s case ther…
Ontario’s mineral potential studied
According to a recently-released study, on average, $37 million and six years of activity are required to find and delineate an economic deposit in Ontario. The report, prepared by the Centre for Reso…
Selbaie zinc-copper
A 35% interest in the Selbaie zinc-copper mine in Quebec has been purchased by Billiton Metals Canada for an undisclosed sum. The interest was sold by Esso Re sources Canada as part of an effort to …
Mining Corp. closing doors
Citing a lack of opportunities in the mining construction business, Mining Corp. of Canada says it will wind up its business activities by the end of 1989. The wholly-owned subsidiary of Noranda Mine…