Gold strategy pays of in Moinorco’s balance
Debt free and equipped with just under $900 million(US) for precious metal acquisitions, Luxembourg-based Minorco (NASDAQ) has confirmed its new precious metals acquisition strategy by investing in tw…
Articles by Northern Miner Staff
Golden Pheasant program
A geophysical survey has been completed by Golden Pheasant Resources on a property in Carman and Langmuir twps., Ont. A priority exploration target is an anomaly associated with a drill hole completed…
Jonpol, T & H bid
Two Toronto-based companies, Jonpol Explorations (TSE) and T & H Resources (TSE), have proposed a takeover bid for Newfield Mines (COATS) of Toronto. The two companies are offering to buy up to 750,00…
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …
Acquisition by Pine Point will keep company going.
Loyal shareholders of Pine Point Mines (TSE) should be relieved to learn the company will be around for a while longer. The 50.1%-owned Cominco subsidiary recently agreed to acquire a 33% interest in …
Reserve estimate calculated by Murgold, Chesbar
A reserve estimate has been calculated by partners Murgold Resources (40%), VSE and Chesbar Resources (60%), ME for their Chester Twp., Ont., gold property. The property is located 67 miles south of T…
Canadian firm has process for recovery of platinum
What is believed to be a significant breakthrough in the recovery of the platinum group metals appears to have been made by Platinum Lake Technology Inc., a private Canadian company with strong backin…
Joutel to get Noront assets
A reserve takeover of Noront Resources (VSE) will take the company from the mineral exploration field to the computer sector. Under the terms of a proposed deal, Noront will transfer all its mining pr…
Eider decision
Disappointed by the results of a bulk sample taken from the Lake Rose property located east of Val d’Or, Que., Eider Resources (me) says it has no plans to spend more money on the property in the near…
Viscount/Skylark mine producing 140 tons/day
Full production is now under way at Viscount Resources’ (VSE) and Skylark Resources’ (VSE) jointly owned O.B. silver-gold mine at Greenwood, B.C. The mine started shipping 80 tons per day to the nearb…
Metal Prices FREE MARKET (April 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr. 5 Apr. 4 Apr. 1 Mar. 31 Mar. 30 Copper 1324-1326 N/A N/A 1355-1358 1310-1312 Lead …
Cominco/Dore
Two companies: Cominco Ltd. and a TSE junior, Dore-Norbaska Resources, have decided to spend about $975,000 on a claim block in Noyell Twp., in the Casa Berardi region of Quebec. The decision follows …