Greenstone reports El Recio gold veins
Toronto-based Greenstone Resources (TSE) has encountered a new area of gold mineralization at the El Recio property in Costa Rica where the company is conducting a feasibility study for a possible com…
Articles by Northern Miner Staff
Echo Bay to test Cameron grades with sampling tower
In the absence of available custom milling facilities, Echo Bay Mines (TSE) and Nuinsco Resources (TSE) are taking the only route open to them, by bringing in a sampling tower to test ore grades at th…
Giant/Pamour deal exploration bets to Pamorex Mnrls
Giant Yellowknife Mines (TSE) and Pamour Inc. (TSE) will increase their holdings in Toronto-based Pamorex Minerals (TSE) after selling a number of exploration properties to the company. Formerly Conso…
Goldquest work tops $1 million
More than $1 million was spent in 1987 by Goldquest Exploration (TSE) on exploration work at its properties in the Red Lake area of northwestern Ontario, shareholders were told at the annual meeting. …
Micham, Mono project results
Results from an underground exploration program have been received by Micham Exploration (VSE) and Mono Gold Mines (VSE) from their Bannockburn property near Madoc, Ont. A total of 352 ft of drifting …
Northumberland arranges $2.8-million financing
Toronto-listed Northumberland Mines, which is about 90%-controlled by another Toronto-listed company — NovaGold Resources — has reached an agreement with two limited partnerships for $2.8 million in…
Messeguay extension
An extension of the gold-bearing zone 100 ft south of hole ML-87-75, at a vertical depth of between 215 ft and 285 ft, has been intersected at the Launay-Privat property in northwestern Quebec, Messeg…
FINANCING (May 30, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Late June start up planned for Coral’s Robertson mine
Vancouver-based Coral Gold Corp. (VSE) has committed itself to a late June startup date for commercial production at the Robertson gold property in Nevada, the company said recently. Located about 35 …
Letters to the Editor Shallow drilling
I was surprised to read in the May 23 edition of The Northern Miner that at Amca’s Silver Cross property in Arizona “water problems have all but eliminatd any chance of finding economic reserves near …
Metal prices boost Hudson Bay results
Improved copper and zinc prices spurred Hudson Bay Mining and Smelting (TSE) to a profitable first quarter. The company reported first quarter net earnings of $8.8 million on revenues of $94.3 million…
Timmins Report Moneta to restart drilling
Diamond drilling will resume in June on the Michaud Twp. property of Moneta Porcupine Mines (TSE) in the Harker-Holloway area east of Timmins, says Vice-president Francis Yungwirth. A diamond drilling…