Mineralization addition for Pacific Minesearch
A 14,000-ft drill program at the Howie gold project of Pacific Minesearch in North Carolina has outlined additional mineralization to depth. According to Victor F. Erickson, president, drilling in the…
Articles by Northern Miner Staff
Halex acquiring interest in Heenan gold property
A letter of intent has been signed between Falconbridge Ltd. and Halex Resources which gives Halex the option to acquire a 40% interest in the Heenan property located 135 miles southwest of Timmins in…
Financial shot-in-the-arm for Windy Craggy project
The big Windy Craggy copper- gold-cobalt-zinc project of Geddes Resources is getting another financial shot in the arm. The company says it has raised an additional $4 million in flow- through share f…
Editorial A question of money
In this space last week, we carried an excerpt from a speech by W. R. A. Aitken, executive vice-president, Inco Ltd., in which Mr Aitken called on the mining industry to tell the public the story of t…
Flow-through isn’t through yet
Finance Minister Michael Wilson’s white paper on tax reform retains the concept of flow-through share financing for mineral exploration, but in a less generous form. Under current flow-through rules, …
Noranda options Hilltop gold bet
A VSE and TSE-listed junior company, based in Vancouver, U.S. Precious Meals Inc, has entered into an agreement with the exploration arm of Noranda Inc. In the agreement Noranda Exploration can earn a…
Heap leach bets high on Cominco’s list
With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…
Kidd to resume drilling on Chance claims in July
Drilling on the Timmins, Ont., area property which Kidd Creek Mines holds under option from Chance Mining and Exploration is scheduled to resume in late July. The $350,000 program will consist of dril…
Funding for Goldpost
Goldpost Resources Inc. has entered into an agreement with Middlefield Resources under which the Middlefield company is committed to provide Goldpost with $1 million for the purchase of flow- through …
Orcana earning 50% interest in Cook property
An agreement has been signed between New Sabina Resources and Orcana Resources whereby Orcana may earn a 50% interest in the former’s Cook property in MacMurchy Twp., located 18 miles west of Gowganda…
Denison sells Conrex to private investors
Consolidated Rexpar Minerals and Chemicals recently announced financing plans that will take the company into merchant banking and investments business in association with Gornitzki, Thompson & Little…
EDITORIAL Shark bite
There could be some sort of poetic justice for the mining industry in a report that sharks are busy eating fibre-optic transmission cables at the bottom of the sea. Indeed we wonder if the industry,…