BREAKING NEW GROUND CARIBOU
The Australians who picked up the Caribou deposit two years ago for a song expect to be dancing about their good fortune by year-end. But the skeptical eyes of many a senior geologist in the industry …
Articles by Northern Miner Staff
Newmont to explore Miramar’s Paymaster properties
A gold-silver project in Nevada encompassing several former producers will be explored by Newmont Exploration under the terms of a recent agreement with Miramar Energy Corp. (VSE). The agreement gives…
Murdochville to resume production in 1989
Mining operations at the Murdochville copper mine will resume in the first quarter of 1989, Noranda Inc. (TSE) says. The mine, located at Murdochville, Que., was shutdown in April, 1987 after a fire d…
Hemlo puts $28 million into Central Crude play
Hemlo Gold Mines (TSE) is a firm believer in the Mishibishu gold camp west of Wawa, Ont. The big gold miner is taking down a 750,000- share private placement in Central Crude Ltd. (VSE) at a price of …
Whim Creek board resolves problems over offshore deals
Directors of Australia-based Whim Creek Consolidated and Toronto affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) appear to have resolved their recent differences. Patrick Hughes wh…
Sumac facing cash flow crunch
Faced with insufficient cash flow to meet current obligations, Sumac Ventures (VSE) recently presented its creditors with a proposal that would allow it to continue producing gold and silver for anoth…
Monte Carlo deal
Canarub NV, a wholly-owned affiliate of Monte Carlo Gold Mines (ASE) has completed a royalty agreement with the government of Aruba. If Canarub’s properties are ever placed in production, the company …
Queenstake acquires new placer project
In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …
Montreal Exchange (January 02, 1989)
A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…
Innovations TUNNEL-BORING BREAKTHROUGH
Rumor has it there will be a major Rbreakthrough in tunnel-boring Rcoming from research on the Strategic Defence Initiative in the U.S. Millions of dollars are being spent there to have missile silos …
Athabaska results encouraging
Assay results have been reported for three more holes from Athabaska Gold Resources’ (VSE) Nicholas Lake property 60 miles north of Yellowknife, N.W.T. High grade gold veins in the Main zone were test…
Delta Gold gets funding
Initial discussions with bankers, brokers and consultants as to the viability of funding the building of one of the world’s largest platinum mines are meeting with success, Delta Gold NL says. In a fe…