Pundata acquires B.C. gold claims
Pundata Gold Corp. says it has acquired four claims with proven gold reserves at a prospect located in the southern extension of the Quesnel trough in British Columbia. The company says the claims con…
Articles by Northern Miner Staff
As of Oct 3, the original listings of the following companies have
conditionally approved by The Toronto Stock Exchange: Getty Resources, MFC Mining Finance Corp. and Duration Mines.
Outland seeking throughput increase at placer operation
Outland Resources says it will further investigate bedrock grades this month at its placer gold operation in Papua New Guinea, where pilot plant operations have now been under way for over a month. Th…
Phoenix wins survey for Japanese firm
Phoenix Geophysics of Markham, Ont., has obtained a contract for NEDO (New Energy Development Organization) of Japan for a magnetotelluric (MT) survey on the island of Kyushu. The contract, for an est…
Paramount Resources reports the last fiscal year as being one of
active in its history. Participation was taken in a total of 69 wells, resulting in 50 gas wells, six oil wells and 13 dry holes. Most of the wells, a total of 49, were drilled in northeastern Alberta…
Assays excellent for Granges Expl. and Windflower
Granges Exploration, and Windflower Mining, which continue to report excellent results from drilling on the Revelstoke, B.C., property of Windflower, say three drills are now at work on the property. …
Correction (October 13, 1986)
The Northern Miner incorrectly reported Oct 6 that Quill Resources can earn a 49% interest in the Paymaster gold mine property at Timmins, Ont., from Associated Porcupine Mines by funding the first ph…
The first six months of 1986 were disappointing for Colonial Oil
Oil and gas production revenues were down 49% to $3.5 million, natural gas production was down 42% to 1.1 billion cu ft and crude oil production was off to 25,000 bbl compared with 31,000 bbl for the …
A working option has been obtained by Dawson Eldorado Mines to
of the Caribou mineral lease in its Keno project in the Mayo mining district of the Yukon Territory. The company has the right to mine a 5-ft-wide vein that was discovered during this summer’s explora…
Calgary-based Canu Resources and Ican Resources of Vancouver have
an amalgamation into a new company operating under the name Ican Minerals. The purpose of the merger is to consolidate the two companies’ interests in the Blue Dog and Almaden mine properties in Idaho…
New high-grade zone drilled next to 3-million ton orebody
The Northwest Territories’ premier gold producer, Echo Bay Mines, has intersected some high grade gold values on the Cass zone near Indin Lake. Although results from some 27 holes put down on the zone…
Claude financing
Claude Resources has completed a $1.89 million public offering in Saskatchewan. The funds, according to company official Peter Gummer, will be used for working capital purposes. The offering was made …