Platinum at Big Trout
The first hole in the current drill program at Big Trout Lake in northwestern Ontario by International Platinum Corp. has returned an assay of 0.15 oz platinum group metals per ton over two feet, pres…
Articles by Northern Miner Staff
Echo Bay budget $9.5 million
Echo Bay Mines has budgeted $9.5 million(US) for exploration work on its Kettle and Key gold properties in Washington state this year. The company can earn a 60% interest for an expenditure of $10 mil…
Letters to the Editor A pleasant reminiscence
I worked at the Lake Shore in the early ’30s and your recent Odds ‘n’ Sods story brought to mind an event that happened there. I was a machine runner working for Jone Southall in a stope on the upper …
Montreal Exchange Revised takeover bid
Although it currently holds 56.5% of the issued and outstanding common shares of Louvem Mines, St. Genevieve Resources appears to be meeting some resistance to its revised takeover bid for the gold pr…
Belmoral, Yorbeau complete agreement
Completion of an agreement whereby Belmoral Mines will spend $10 million to acquire a 50% interest in Yorbeau Resources’ Astoria gold property in northwestern Quebec, and $5 million to acquire Yorbeau…
Noramex gets results from Nevada drilling
Encouraged by a recently-completed 16-hole drill program, Noramex Minerals and partners Hillside Energy and Calvada Resources plan a $400,000 follow-up program on their Bunce heap leach gold project i…
Toronto Stock Exchange Market rally marked by abating recession
An eight-day rally has added another 95 pts to the tse composite index which moved past the 3,300-pt mark to 3,334.09 pts today. Just two months ago, the market had built a solid base at 3,000 pts whi…
COATS Trading Features (March 14, 1988)
A new issue, Transgold Resources chalked up the best gains this week, trading to a high of $1.05 before slipping back to 95 cents -$1. Volume was 272,000 shares for the week. The company, which came o…
Beaufield/Falco hit intersections at Lac Rouleau
Falconbridge Inc. has drilled several more mineralized intersections on the Lac Rouleau property, held under option by Beaufield Resources. The Lac Rouleau property is located in northern Quebec. The …
Production increases 11% at Audrey’s Mobrun
With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…
Minnova reports drop in income
Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…
Tanqueray interest in Valley gold mine
An option has been acquired by Tanqueray Resources giving the company the right to earn a 10% interest in the Valley gold mine property. The project is located near Republic, Wash. Tanqueray can earn …