Will relate story of fabulous derposit
The fabulous Goldstrike deposit of American Barrick Resources will be the topic of guest speaker Brian K. Meikle at the April 21 luncheon gathering of the CIM-Toronto Branch at the Royal York hotel. A…
Articles by Northern Miner Staff
Queenstake drilling Dos Cabezas project
Three gold- bearing quartz-sulphide veins will be tested by 6,000 ft of underground drilling at Queenstake Resources’ (VSE) Dos Cabezas project in southeastern Arizona. The main drilling target is bel…
INSIDER TRADES (April 18, 1988)
Bachelor Lake Gold — Quebec Sturgeon bought 25,000 to hold 3,866,666. Brenda — Noranda bought (private) 29,478 to hold 2,340,020. Canadex — J. Riddell bought 60,000 to hold 152,000. Carolin — J. B…
Montreal Exchange Bulk test at Francoeur
Early results from a 33,500-ton bulk sample at the Francoeur gold property near Rouyn-Noranda, Que., have partners Rouyn Mining Resources and Lac Minerals excited. The bulk sample should be finished b…
Placer Dome farms out QR deposit to junior
Eleven years ago a significant gold discovery was made near Quesnel, B.C., which later became known as the QR deposit. Dome Exploration, which has since been absorbed into Placer Dome (TSE), evaluated…
Northgate buys 20% stake in Holmer Gold Mines Ltd.
Northgate Exploration of Toronto (TSE) has acquired 680,000 shares of Holmer Gold Mines Limited (ASE), which represents approximately 20% of the total shares outstanding for consideration of 60,000 No…
Orex listed on ME
Incorporated in 1987, the junior- mining firm Orex Exploration of Rouyn-Noranda, Que., was recently listed for trading on the Montreal Exchange (symbol OX). The company has interests in a number of pr…
Metal Prices FUTURES PRICES (April 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 102.00 97.00 97.00 — 10.00 May 101.80…
Silverside boosts Garrison reserves
Drill-indicated reserves on zones 5 and 6 at the Garrison property (106 claims) in the Matheson area of northern Ontario have been increased to 400,000 tons grading 0.17 oz gold per ton, Silverside Re…
Minerals division improves Noranda results
The forest products division of Noranda Inc. (TSE) may have led the way in 1987 in earnings, but in terms of the company’s net investment, the metals and minerals division is tops, the company reports…
Renabie boosts output in ’87
Net income of $900,000 was recorded by Renabie Gold Mines during fiscal 1987 (for the 12 months ending Sept 30,), compared with a profit of $1.5 million in 1986. An increase in depreciation and amorti…
Timmins area mines seek help to overcome shortage of miners
The shortage of miners in the Timmins area is so acute that it is time for the federal and provincial governments to step in and begin funding training programs, says the secretary of the Porcupine Mi…