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 …
Articles by Northern Miner Staff
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…
Editorial Getting an edge from technology
It’s not good enough for a mining company just to mine anymore. Today in order to prosper a mining company must also be adept at computer processing, be intimately familiar with the world of high fina…
News in Brief (March 20, 1989)
Lone Jack Resources has changed its name to Performance Minerals of Canada on a share-forf-share basis.
Dickenson management welcomes Goldcorp bid
A second bidder has come forward with proposed takeover offers worth a combined $107 million for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Toronto-based gold fund Goldcorp …
Pelham Gold to explore Monk’s Wawa gold bet
Vancouver-based Pelham Gold (ASE) has signed an option to earn a 51% interest in the Monk Gold (ASE) property near Wawa, Ont. According to Pelham, the decision was taken after it completed a review of…
Editorial Loony tune?
It might sound a bit loony, but the mineral potential of the moon is being given some serious consideration these days by some credible sources. The latest input into the discussion comes from Gregg…
Yellow Band options Diana Res. property
Diana Resources (VSE) has signed a joint venture agreement with Yellow Band Resources (VSE) involving the former’s 28-claim property in the Lac St. Jean area of Quebec. Yellow Band may earn up to a 50…
Doron completes drill program on Yukon gold project
After completing an initial drill program on its 100%-owned Caribou Creek gold property, Doron Explorations (VSE) says it has outlined a mineral horizon over a strike length of 500 ft that is still op…