FINANCING (March 20, 1989)
VANCOUVER Golden Arrow Res — gross proceeds rec $250,000. Top Gun Expl — gross proceeds rec $275,000. Premier Gold Res — gross proceeds rec $225,000. Golden Grail Res — gross proceeds rec $292,500…
Articles by Northern Miner Staff
Jolu mine meeting design parameters
Operations at Saskatchewan’s newest gold mine are meeting design parameters, partners International Mahogany Cor , (TSE) and Corona Cor , (TSE) say. The Jolu mine, which entered production in November…
FirstMiss oxide circuit produces 5,400 oz gold
The oxide circuit at FirstMiss Gold Inc.’s (NASDAQ) Getchell property in north-central Nevada generated 5,400 oz of gold during February. The mill is in phase one of a 2-stage start-up program the sec…
Campbell looks to Joe Mann for financial turnaround
Even though high production costs will probably force Campbell Resources (TSE) to shut down its S-3 mine in Chibougamau, Que., the Toronto company is hoping that its financial position will improve th…
Earnings Reports (March 20, 1989)
Campbell Resources (TSE) reports a consolidated loss for 1988 of $60.9 million or $1.13 per share before extraordinary items on revenue of $4.7 million compared to a loss of $46,000 before extraordina…
High grade for New Beginnings
High grade grab samples have been assayed by New Beginnings Resources (VSE) from the company’s University River gold property in the Mishibishu Lake area west of Wawa, Ont. Sampling along the Mystery …
Universities seek boost for mineral exploration
A consortium of Canadian universities has proposed a multi- million-dollar project that aims to put Canada back in the forefront of international mineral exploration. Supporters believe the project, c…
Correction (March 20, 1989)
NLX Resources (TSE) has not acquired control of Sandy K Mines, a private company as reported earlier (N.M., Mar 6/89). NLX holds a 24% in a silver property near Gowganda, Ont., which is controlled by …
Nerco reserves take big jump
A sharp increase in gold and silver reserves has been reported by Nerco Inc. (NYSE) and its subsidiary, Nerco Minerals. Proven and probable gold reserves climbed to 2.25 million oz by the end of 1988,…
New rules mean heavy costs to monitor mine effluent
Ontario mines will face some heavy expenditures this year when senior levels of government require them to begin a more intensive program of monitoring waste water discharged into lakes, rivers and st…
Outside consultant to oversee Spirit Lake exploration work
An independent geological consultant has been retained by Spirit Lake Explorations (ME) to supervise all exploration activity at the company’s Jacobson Tw , gold property in northern Ontario. In addit…
Malartic Hygrade, crown battle for control of Gold Texas
In a bid to acquire a minimum 50.1% stake in Gold Texas Resources (VSE), Quebec gold producer Malartic Hygrade Gold Mines (VSE) has raised its cash offer from $5.75 to $6 per share. Malartic currently…