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…
Articles by Northern Miner Staff
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…
Vancouver Stock Exchange Little direction to market trading
It’s a seesaw market in Vancouver at present and things aren’t likely to change until after spring breakup. Gold has been stronger because of tensions in the Middle East and so has the Canadian dollar…
Potash Corp. reduces loss
It was a better year for Potash Corp. of Saskatchewan in 1987 but the Crown corporation still reported a loss of $20.7 million. In what might be considered a turnaround year, the company’s loss repres…
Montreal Exchange Northgate-Audrey deal
In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…
Shareholders approve fundamental changes to Equity Preservation
Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…
New zone uncovered by Val d’Or, Abcourt
A new gold-bearing zone in the northern part of the Vendome property located 30 miles north of Val d’Or, Que., and three miles west of Barraute, has been discovered by Val d’Or Resources (ME) and Abco…
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …