Orex, Onitap make plans for Goldboro
A surface and underground exploration program costing an estimated $7.5 million is being undertaken this year on the Goldboro property in Nova Scotia by Orex Exploration (ME) and Onitap Resources (TSE…
Articles by Northern Miner Staff
Akaitcho still benefitting from Supercrest operation
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…
Platinum price surges
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
Miners help kids
Mining companies and their employees in British Columbia and The Yukon contributed close to a quarter of a million dollars during a recent Telethon campaign to raise funds for Vancouver’s Children’s H…
Pamour selling stake in Canadian Arrow
In the midst of a corporate restructuring, Pamour Inc. (TSE) is selling its 46.4% interest in Canadian Arrow Mines (TSE) to First Toronto Capital, a merchant banking company. Shareholders of Canadian …
Muscocho aims to boost output
With the Magino gold mine ready to pour its first bar this month, and the Magnacon gold mine on stream for production during the first quarter of next year, Muscocho Explorations (TSE) is aiming to tu…
Letters to the Editor No shares involved
There is an error in your May 20 edition story on American Pacific Mining (page 21). The story notes that the El Mochito mine in Honduras was purchased by APM from Rosario Resources, an AMAX subsidiar…
Federal geologist
A story in last week’s edition (N.M., June 13/88) on exploration activity in the east Arctic should have identified Jacobus (Ko) Griep as the geologist for the Keewatin district in the Northwest Terri…
Grab samples
Annual meetings, under normal circumstances, provide shareholders with the opportunity to meet management, ask questions and get updated on past performance and future company plans. Naturally, one as…
Gold production up, Cambior boosts profit
Gold production by Cambior Inc. (ME) has increased to 42,986 oz in the first quarter of this year from 30,439 oz produced during the same period last year. The big improvement was reflected in the com…
Alberta Stock Exchange Biron among gainers
While concerns over rising interest rates were felt on the New York and Toronto stock exchanges, some Alberta gold stocks were posting some of the highest gains in recent months. Jefferson Valley Gold…
News in Brief (June 13, 1988)
Stratabound Minerals Corp. (VSE) has signed a letter of intent with Sofomines 1988 and Co. Ltd. Partnership of Montreal whereby the company will receive up to $500,000 in exploration funds in exchange…