Funding in place for milling plant
A private placement for McFinley Red Lake Mines of 600,000 shares worth $1.8 million for construction of a milling plant and to provide working capital has been completed, Kleinwort Grieveson Securiti…
Articles by Northern Miner Staff
Camreco raises exploration funds
Toronto-listed Camreco Inc. has entered into an exploration agreement with MVP Exploration (1987) and Co. Ltd. Partnership and Deliberations Management (1987) Ltd. pursuant to which the Limited Partne…
Cream Silver drills platinum prospect
A $150,000 diamond drilling program is under way on the Lac des Iles platinum property controlled by Cream Silver Mines. The Lac des Iles area is located north of Thunder Bay, Ont. A large tonnage low…
CROSS CUTS STAR WARS
Physicists north and south of the border are wondering who will produce the most significant experiment in the next decade in their field of science. Physicists in the U.S. are debating where to build…
EXPLORATION ’87 BP-SELCO
Selco, the mining and minerals division of bp Canada, maintains an aggressive grassroots exploration program across Canada. Under the direction of Dr Christopher Jennings, vice-president exploration a…
EXPLORATION ’87 ESSO
In 1987 Esso Minerals Canada will spend about $7.5 million on gold and polymetallic massive sulphide exploration throughout Canada. Roughly 70% will be spent in Ontario, Quebec and the Atlantic region…
EXPLORATION ’87 ST ANDREW
St Andrew Goldfields will continue to confine its gold exploration activities to Stock and Taylor twps., Ont., during 1987. Those activities will consist of both surface and underground exploration in…
EXPLORATION ’87 COMINCO
Vancouver-based Cominco Ltd. continued an aggressive exploration program in 1986. But with expenditures of about $25 million, it was at a sharply reduced level compared with previous years. This is a …
EXPLORATION ’87 BARRICK
American Barrick Resources has its first real exploration budget this year since the Camflo days in the early 1980s. Exploration became a low priority since then because of Camflo’s debt position, and…
EXPLORATION ’87 KERR ADDISON
The main thrust of a $6.5-million program for Kerr Addison Mines this year will be on gold exploration targets in Quebec, Ontario, British Columbia and Nevada. A continuing effort is being made in Que…
EXPLORATION ’87 ST. JOE
St. Joe Canada’s exploration program for 1987 is expected to be the largest and most diversified in the company’s 6-year history. This follows a record year of exploration activity in 1986 highlighted…
EXPLORATION ’87 NORANDA
Noranda Exploration (or Norex), the exploration arm of Noranda Inc., will probably spend more on exploration work this year than any other mining company. Last year Norex kept an average of 30 diamond…