J.A.G. options Belleterre bet
An agreement has been signed by J.A.G. Mines and Halex Resources under which Halex may acquire up to 60% of the former’s Belleterre property in northwestern Quebec by spending not less than $3 million…
Articles by Northern Miner Staff
Mazarin, Dufresnoy conclude 2 deals
Two separate property deals in northwestern Quebec have been struck involving Mazarin Inc. and Dufresnoy Inc. In the first deal, Mazarin has acquired an option to purchase a 50% interest in Teck Corp….
New financing for Wrightbar
A new flow-through financing worth $4 million has been arranged by Wrightbar Mines, with Imex 1987 Ltd. Partnership, for exploration work on the company’s Bourlamaque property in northwestern Quebec. …
Northfield bets heavily on Kirkland West claims
Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…
First gold is poured at Black Swan mine
Gold has been poured at Black Swan Gold Mines’ Gabanintha project in Western Australia. The $12-million(A) development is expected to produce about 40,000 oz gold per year, 25% of which will go to Bla…
Mining industry backs spirit of free trade deal
While the terms of the new Canada, U.S. Free Trade agreement are still shrouded in generalities, a number of top mining officials were expressing guarded optimism regarding its effect on the industry….
Pamour group heating up gold excitement in Timmins
Miners have been pulling gold ore out of the ground here for more than 75 years. But the excitement of finding new gold orebodies has never been stronger than it is today — thanks largely to the Pamo…
Goldteck offering raises $6,105,000
Gross proceeds from a recently completed public offering of 1.35 million class A units and 2 million class B units were $6,105,000, Goldteck Mines reports. Each class A unit consists of one 1987 depos…
Pezim hails Hemlo trial with swarm of releases
Shortly after it was announced that International Corona Resources had won control of the Page- Williams gold mine at Hemlo, Ont. (see separate story, page 1), a swarm of news releases flew out of 155…
Editorial Lac will try a final appeal
“It’s just a tremendous victory” boomed an elated Murray Pezim, whose very name is synonymous with Corona and Hemlo, on learning that Ontario’s Court of Appeal had unanimously rejected an appeal by La…
Petromet, bids to increase Fifteen Mile bet reserves
In a bid to increase reserves at Pan East Resources’ Fifteen Mile Stream property in Nova Scotia, Greenstrike Gold Corp. and Petromet Resources have expanded their evaluation program at the property. …
Minnova plans major drilling
Another 33,000 ft of drilling is planned by Minnova Inc. on its Samatosum property in the Kamloops area of B.C. The program is under way and three drills are being utilized. One of the rigs is drillin…