Normetal Mining options 72 claims
An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration. The option, acquired from C. Salmis…
Articles by Northern Miner Staff
Aberfoyle’s reputation much larger than its size
With only 265 employees thinly spread over 4,000 km from Tasmania to Western Australia, base metal and gold miner Aberfoyle Ltd. (47%-owned by Cominco) has a reputation far larger than its size. “They…
Pezim ties up Grew Creek ground in the Yukon
Virtually all the ground on trend with the Grew Creek discovery of Noranda Exploration and Golden Nevada Resources has been tied up by Pezim Group companies including his fledgling merchant bank, Prim…
Gunnar gold joins Maritimes gold hunt
Gunnar Gold has announced that it will join the hunt for gold in the Maritimes with a $2-million diamond drilling program on the Fifteen Mile Stream property in Nova Scotia. The 4-drill, 30,000-ft exp…
EDITORIAL Volunteering for taxes
If the example of mining companies in Nevada catches on, it could give the industry a bad name. Miners could become known as a soft touch, if not a little soft in the head. Mining has been booming i…
Cominco’s Red Dog to employ up to 350
When Cominco’s Red Dog mine reaches full production in the early 1990s it will provide jobs for about 300 to 350 people, according to Orbit, Cominco’s in-house publication. Although initial production…
ME trading in ’87 at record levels
Trading activity in the Montreal Exchange’s equity and options markets in 1987 was at record levels, the stock exchange reports. The general market portfolio index rose 3.7% compared with 1986 on a vo…
Mintek, Bishop to merge
Victor Jones, president of Mintek Resources and Corby Stanley, president of Bishop Resources Development have announced approval by their respective boards of directors to amalgamate, subject to share…
Toronto Stock Exchange New Year ushered in with three-day rally
The New Year is being ushered in with a three-day rally which has added more than 103 pts to the tse composite index. Today, the index picked up 25.29 pts to close at 3,263.3 pts. Market players are k…
California Gold step closer to production
Pegasus Gold has completed an initial evaluation of the Zaca property in California, currently held by California Gold Mines of Vancouver. Under the terms of a memorandum of understanding with Califor…
Skyline heads for production at Johnny Mountain gold mine
The Johnny Mountain gold mine of Skyline Resources is heading for production starting in the second quarter of 1988. The mine is located on a portion of Skyline’s Reg claims which cover approximately …
Follow-up drilling
Sillimanite mineralization at both Clarendon and Otter Creek in Ontario has been mapped at 1:2500; a co-operative follow-up drilling program with the Tweed office of Ontario’s ministry of northern dev…