Rambler joint venture drilling Baie Verte bet
Early results from a 65,000-ft drilling program currently under way on the Rambler properties near Baie Verte, Nfld. have returned moderate gold values. The drilling program, designed to test gold and…
Articles by Northern Miner Staff
Dickenson and Wharf merger called off
Recent changes in stock market conditions have scuttled the proposed merger between Toronto- based Dickenson Mines (TSE) and Wharf Resources (TSE). Although the directors of the two companies continue…
Canaustra Gold acquires China First shares
Canaustra Gold (VSE) has agreed to acquire 1.2 million shares of China First Capital (VSE) and will receive 600,000 share warrants exercisable for one year into common shares of China First at 80 per …
Echo Bay Mines earnings steady
Third-quarter earnings were steady for Echo Bay Mines (TSE), despite increased sales from expanded production. The company had net earnings of $13.5(US) million or 14 per share in the third quarter, …
INSIDER TRADES (November 21, 1988)
Beaufield — J. Murdoch sold 25,000 (Sept) to hold 350,000. Dejour — NIM & Co 1988 bought 1,564,455 (July) to hold 1,564,455. Dumagami — Mentor bought 107,100 (June- Sept) to hold 319,300. Echo Bay …
Pamorex/Queenston sign Beaver deal
Pamorex Minerals (TSE) has signed a letter of intent to earn a 51% interest in Queenston Gold Mines’ (TSE) Upper Beaver mine gold property. Located about 15 miles east of Kirkland Lake, Ont., the Uppe…
Athabasca find looks interesting
A gold discovery has been made by Athabaska Gold Resources (VSE) on its Nicholas Lake property 60 miles north of Yellowknife, N.W.T. The property is geologically similar to the old Discovery mine six …
Louvem financing
The issue of rights to its holders of common shares for the sub- scription of flow-through shares amounting to $1.3 million will not proceed, Louvem Mines (TSE) reports. Instead, the company has accep…
COATS Trading Features (November 21, 1988)
This week, Mount Pleasant Resources reached an agreement with Cambior whereby it will receive Cambior’s 89% interest in Brunswick Tin Mines Ltd. Mount Pleasant already owns 11% of the issued shares of…
B.C. heap leach producing gold, silver
The Union heap leach project operated by Sumac Ventures (VSE) near Grand Forks, B.C., generated gross revenue from the six heaps to Oct 1, of $659,804, the company reports. Sumac is treating tailings …
Eskimo Point overlooked
Being a long-term resident of the Keewatin region of the Northwest Territories, specifically Eskimo Point, I am offended by The Northern Miner’s insinuation that exploration activity in our region is …
Encouraging results from Kennedy River
The first three holes of a $1 million exploration program by International Coast Minerals (VSE) on its Kennedy River properties on Vancouver Island, B.C., have all intersected gold mineralization. The…