Kenora Gold buys granite property
Kenora Gold Occurrences (ASE) has optioned a granite property, 50 km north of Kenora, Ont. The deposit is massive, well jointed and easily quarried, with good road access. The granite is described as …
Articles by Northern Miner Staff
Fairfield Expands Exploration Projects
Two new precious metal prospects were acquired in the Okanagan region of British Columbia by Fairfield Minerals (VSE). The company also has several properties in the area under option to Placer Dome (…
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Franco share price scuttles Corona deal
Toronto-based Franco-Nevada Mining (TSE) has become another victim of the market malaise that is currently affecting Canadian gold stocks. With its share price down to just below $7 on the Toronto Sto…
Teck reserves up
Tundra Gold Mines (VSE) is preparing an offer to purchase the interest held by Teck Corp. (TSE) in the former producing Lamaque gold mine near Val d’Or, Que. The offer will also be for the 1,800-ton-p…
Hemlo Gold makes $10 Million loan to Viceroy
The Castle Mountain property owned 100% by Viceroy Resource Corp. (TSE) is another step closer to becoming a new heap leach gold producer in California. A joint venture and credit agreement on the pro…
Vancouver Stock Exchange Market active due to bargain hunting
Another quiet week, characterized by consistent low volumes and a general lack of interest in the market, has come and gone on the VSE. Brokers say investors are staying on the sidelines because there…
Obituaries John J. Crowhurst
John J. Crowhurst, one of Canada’s best known mining engineers died Aug 13 at the Delta Hospital in Ladner, B.C. at the age of 69. “Jack” was educated in Vancouver, graduating from the University of B…
Tundra
Described as Canada’s largest undeveloped gold resource, the Tundra deposit is reported to host potential reserves of some 32 million tons grading 0.20 oz gold per ton. The deposit is located 130 mile…
Editor’s Note KEEP IT SIMPLE
The mining industry has a standard and accepted way of reporting reserves. First, the reserve category — proven, probable or possible — is given, then the tonnage and grade. But a new practice has …
Esso Minerals Canada for sale
The assets of Esso Minerals Canada, recently put up for sale by parent Imperial Oil (N.M., Sept 26/88) include several interesting gold prospects. In the Toodoggone area of northern British Columbia, …