Alaska Apollo plans 200 ton/day gold mine
An independent report on Alaska Apollo Gold Mines’ Shumagin gold property on Unga Island, Alaska, estimates the cost of bringing the 200-ton-per-day mine on-stream to be much higher than the company a…
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (December 28, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 131.95 125.00 127.00 + 6.40 Jan 123.50 123.50 123.50 + 7.90 Mar …
Louvem, partners completing drilling at Courvan bet
Encouraged by a drilling campaign just concluding on the Courvan gold property near Val d’Or, Que., are partners Louvem Mines (52%), Courvan Mining (45%) and Aabarock Mining Resources (3%). The curren…
HAIME meetings
Three industry leaders will discuss the technology of profitability at the 117th annual meeting of the American Institute of Mining, Metallurgical and Petroleum Engineers (aime) set for Jan 25, 1988, …
Black Swan plans major program in Queensland
A major underground program is planned at Black Swan Gold Mines’ Merriland project in Queensland, Australia. In the past two years drilling has outlined a reserve of 110,000 tons grading 0.35 oz gold …
Estrades reserves increased by Teck
Drilling by Teck Explorations on the Estrades polymetallic deposit shared with partners Golden Hope Resources and Golden Group Explorations, has elevated reserves above the minimum tonnage required fo…
Hemlo decision imminent says Lac
As this issue of The Northern Miner went to press, Lac Minerals said it had been informed that the Supreme Court of Canada was to give its decision Dec 17 on Lac’s application to appeal an Ontario Cou…
Lacana expects 50,000 oz a year from Santa Fe
Production from Lacana Mining’s 100%-owned Santa Fe gold property about 32 miles east of Hawthorne, Nev., is expected to begin in September, 1988. The open pit, heap leach operation is expected to tur…
Ontqario majors brace for tighter polution laws
In a bid to find more efficient ways to reduce sulphur dioxide emissions without increasing its operating costs, Toronto-based Inco Ltd. spent $105 million between 1980 and December 1986 on pollution …
Vista files prospectus
Vista Mines has filed an offering prospectus with the Toronto Stock Exchange. The underwriter is Davidson Partners. The issue will raise a maximum of $750,000 for Vista’s gold mine project near the Sa…
Perron Gold raises exploration funds
An exploration agreement has been entered into between Perron Gold Mines and emq (1987) Exploration and Co. Ltd. Partnership whereby Perron will receive $1.05 million in return for 350,000 flow- throu…
Toronto Stock Exchange Large swings in golds, underlie market
The triple whammy of crashing oil prices, a crumbling U.S. dollar and profit-taking by gold bullion investors, took their toll on the Toronto Stock Exchange this week. More than ever, the rapid collap…