Articles by Northern Miner Staff


FINANCING (March 27, 1989)

ONTARIO Aurlot Expls — final rec iss offer 2,900,000 @ 85 cents per sh to net $1,392,000. Fortune Minerals — final rec iss offer 1,000,000 @ 36 cents per unit to net $324,000. VANCOUVER Amarado Res…


Letter to the editor The Northern Miner’s role

Would you please provide me, either privately, or through an upcoming issue of your newspaper, with an indication of the role set out by you and or the publishers for The Northern Miner. This question…


Mimiska gold showing

A new gold showing has been announced by Mimiska Mining (ME) at its Fern Elizabeth property at Atikokan, Ont., 120 miles west of Thunder Bay. A drill hole cut 0.21 oz gold per ton over 29 ft at a dept…


Viceroy impact report bodes well for project

An environmental impact report prepared for Viceroy Resource Corp.’s (TSE) Castle Mountain project in California concludes the proposed operation meets regulatory requirements and has “no significant …


Gold market in short supply: Shearson Lehman Hutton

While some analysts talk of an encroaching oversupply of gold, international investment dealer Shearson Lehman Hutton forecasts 1989 will be marked by a persistent shortage of immediately available ma…



Ballatar to finance Alaskan gold project

Under terms to be defined in a formal option agreement, Ballatar Explorations (VSE) intends to provide the necessary financing to bring the Shumagin gold-silver mine into production. The company can e…


Corona begins evaluation of Canty deposit

An economic evaluation of the Canty deposit near Hedley, B.C., is slated to begin in March under the direction of Corona Corp. (TSE). The study follows completion of the 1988 drill program on a number…


X-Cal begins reserve calculations for Snowbird

X-Cal Resources (TSE) says its winter drilling to date has located possible reserves of about 250,000 tons grading 0.20 oz gold from the North zone on its 6,000-acre Snowbird property near Fort St. Ja…


Goldhunter, Caviar drill results

Drilling completed by Goldhunter Explorations (ASE), Pinetree Explorations (COATS) and Caviar Resources (COATS) has intersected high grading gold values on their Wright Lake property west of Pickle La…


United Keno Hill rights offering

Toronto-based Falconbridge Ltd. (TSE) affiliate United Keno Hill Mines (TSE) is attempting to arrange a rights offering to pay off outstanding debts and finance working capital requirements. United Ke…


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