Drills add reserves to Greenstrike bet
A 28-hole diamond drilling program has expanded reserves at Greenstrike Gold Corp.’s Fifteen Mile Stream gold deposit in Nova Scotia. Results for the initial 17 holes indicated preliminary reserves to…
Articles by Northern Miner Staff
Baden raises work financing
A private placement worth $192,000 will enable Baden Explorations to continue exploration work on property in Baden Twp. in northeastern Ontario, the company reports. The company’s property comprises …
Sweany finds high grade at Beardmore gold camp
Diamond drilling at Sweany Gold’s joint venture project in the Beardmore camp north of Thunder Bay, Ont., has encountered interesting gold mineralization on two of its properties. At the A. E. Hopkins…
Abcourt makes financing deal
A joint venture has been signed between Abcourt Mines and Gestion Consulta of Val d’Or whereby the latter has undertaken to raise $7 million in two stages during the next two years for exploration wor…
Metal Prices PRODUCER PRICES (August 17, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -81.00 cents per lb. (Aug 6, 1987). ANTIMONY: New York dealer $1.06-$1.14 per lb. (Aug 6, 1987). BISMUTH: New York dealer $3.60-$3.70 per lb. (Aug 6, 1987). CADMIU…
Northgate back in red
A public offering of 4.6 million shares in the United States is expected to add some cash to a Northgate Exploration balance sheet recently ravaged by a strike at the company’s Chibougamau operations….
East West launches exploration program
An exploration program has started on the Ennadai gold project of East West Resource Corp. in northeastern Saskatchewan, the company says. It says the program will include additional geophysical and g…
Franco-Nevada spins out subsidiary via prospectus
Euro-Nevada Mining, a wholly- owned subsidiary of Franco-Nevada Mining, recently filed a preliminary prospectus with regulatory authorities in connection with the spinout of Euro-Nevada to existing Fr…
D.K. busy in Africa
D.K. Platinum plans to become active exploring for gold in Ghana, West Africa. The company has opened an office in Accra, the capital city of Ghana. D.K. plans to acquire properties hosting potential …
Metal Prices FREE MARKET London Metal Exchange (August 17, 1987)
Spot closing prices in Pound Sterling per tonne Date Aug. 11 Aug. 10 Aug. 7 Aug. 6 Aug. 5 Copper 1136-1137 1128-1130 1112.5-1113 1107-1109 1119-1120 Lead 421-422 422…
Tailings work well under way
Mill City Gold Inc and joint venture partner Tyranex Gold Inc are well under way with their project to reprocess old mine tailings at the Tyranite mine, near Gowganda, Ont. The Tyranite mine produced …
Cease Trading Orders
The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …