Terra Mines focusing on Mexican interests
It’s out with the old and in with the new for Terra Mines (TSE), focusing attention on two gold projects in Mexico following the sale of its two Northwest Territories precious metal properties. The co…
Articles by Northern Miner Staff
Golden Group and partner continue success
Drilling by Golden Group Explorations (VSE) and Golden Hope Resources (VSE) on the Estrades polymetallic deposit in Quebec, continues to intersect economic grade mineralization. The drill program, whi…
Danra to start drilling program
A drill contract has been let by newly-listed Danra Resources (VSE) for a 6-hole program on a promising silver property in the Yukon. The 600-m program, scheduled to start early next month, will test …
Taiwan buying gold in bulk
In an effort to try to reduce its trade surplus, Taiwan is considering purchasing up to one-quarter of the world’s annual gold production, the news agency Reuter reports. Taiwan, which has foreign exc…
Echo Bay to control Muscocho
Edmonton-based Echo Bay Mines (TSE) recently took another step in a growth strategy which has seen gold production increase 56% from 1986 levels by acquiring a major interest in the Muscocho group of …
Micham program encounters gold
Over 600 ft of underground decline has been completed at Mono Gold Mines’ (VSE) Bannockburn property near Madoc, Ont. Micham Exploration (VSE) has an option to earn a 51% interest in the project for a…
Abitibi Metals defining zone
A zone 1,100 ft long and about 1,500 ft deep has been defined on the Jolin gold property in Carpentier Twp., located about 30 miles northeast of Val d’Or, Que., Abitibi Metals Mines (ME) reports. Amon…
Exploration planning keeps Lac ahead of game
With gold production last year of 306,000 oz and earnings nearly triple what they were in 1986, Lac Minerals (TSE) isn’t about to forget the value of field work in uncovering new deposits. “Our explor…
Northgate, Whim do share swap
Northgate Exploration (TSE) has agreed to exchange its 3.8 million shares of Westfield Minerals (TSE) and 3.32 million options to purchase Westfield shares for an equal number of shares and options of…
Falconbridge’s woes mean neckel prices could stay high
The suspension of production at the ferronickel-producing subsidiary of Falconbridge Ltd.(TSE) in the Dominican Republic, has raised the possibility of further nickel price hikes. The move by Falconbr…
Vior, Goldhurst arrange placement
Vior Inc. (TSE) and Goldhurst Resources (VSE) have agreed to make a private placement involving 750,000 shares of Goldhurst at 30 cents each and a one-year option on an additional 100,000 shares at 3…
Investment Comment Base metal producers enjoying life
Like all the best things in life, the recent surge in base metals prices may just be a temporary respite from the dark days of 1982/83. But for the moment at least, a tight nickel supply and a 4.1% in…