Galactic and partners withdraw Newmont offer
An offer by Ivanhoe Acquisition Corp. to purchase 28 million common shares of Newmont Mining has been withdrawn and shares will be returned to the tendering shareholders. Ivanhoe is comprised of affil…
Articles by Northern Miner Staff
Aster Explor offering
Following the downturn in the stock markets in October, Aster Exploration has decided to make changes to its recent public offering. The company’s $2.8-million offering consists of common and flow-thr…
Correction (November 30, 1987)
American Barrick Resources reported net income of $17.7 million for the first nine months of 1987. The Northern Miner printed an incorrect figure in the Nov 23 issue.
Fairfield/Getty program yields impressive results
An impressive-looking zinc discovery has been made west of Watson Lake, Yukon, by Fairfield Minerals and Getty Resources. Only a portion of the structure hosting the deposit has been tested and geolog…
Analysts watch Homestake for Pickens’ move
After failing to gain control of Newmont Mining Co., Texas oilman T. Boone Pickens may be preparing for a run at another major American gold producer, a New York-based mining analyst says. “Early indi…
Goldpost shares
Goldpost Resources reports it intends to purchase through a normal course issuer bid up to 100,000 of its common shares representing about 2% of its issued and outstanding capital stock.
Louvem earnings (November 30, 1987)
Louvem Mines reports net earnings of $1.1 million on revenues of $7.1 million for the 6-month period ending Sept 30, compared with earnings of $109,000 on revenues of $7.9 million for the same period …
Editorial The Loony’s not a lame duck
If you can believe recent press reports, Canadians are reacting with a considerable lack of enthusiasm to the new $1 dollar metal coin, introduced just a few months ago (early July, to be exact). One …
Granges/Windflower plan $3 million work program
A $3-million underground exploration program is planned by Granges Exploration and Windflower Mining on their Goldfinch property near Revelstoke, B.C. Granges President Michael Muzylowski believes the…
Bitech drill program
A 14,000-ft diamond drill program has been started by Bitech Energy Resources on the company’s Tache Lake gold-zinc property near Chibougamau, Que. The program is designed to outline and confirm ore r…
Hit the Jackpot
A large group of miners from Inco’s Frood mine in the Sudbury district of Ontario last week came up with the right number combination in the big Lotto 6/49 lottery, to win $1,600,000. The 58 people in…
Hector completes drilling B.C. gold/ silver claims
A 2,000-ft drill program on Hector Resources’ gold claims in the Iskut River area of northwestern B.C. has produced encouraging gold assays. Hector has a 100% interest in the claim group, which adjoin…