News

Wildcat drilling cuts new zone on Wrightbar ground

Several wildcat drill holes put down by Belmoral Mines on ground acquired by Wrightbar Mines adjoining its Bourlamaque property have intersected what President William Cluff calls “typical ore-type mi…



Newfields agreement

The terms of an agreement between Newfields Minerals and Breakwater Resources have been settled, the former company says. The deal will see Newfields acquire Breakwater’s control block of 2.4 million …


Competing takeover bid for Vestgron Mines shares

The halt in trading in shares of Vestgron Mines on the Toronto Stock Exchange was still in effect at press time while the company deals with what appears to be a bidding war. A competing takeover bid …


Raymor stripping its Amos property

An access road is being completed by Raymor Resources to the company’ s gold property near Amos, Que. Once completed, the road will enable the transport of heavy equipment required for a stripping and…


Letters to the Editor: Flow-through fate

I am writing to express my concern over the headline “Ottawa may scrap flow-through shares,” on the front page of the Sept 29 issue of The Northern Miner. The headline expressed a negative view which …


After absence from mining, Moneta Porcupine is back

Better known as a small oil and gas explorer during the early 1980s, Moneta Porcupine Mines has returned to the business it began with in 1910 — gold mining and exploration. Armed with new management…


Dome drilling on Melrose prospect

Dome Exploration has started drilling on Melrose Resources’ Blackstock Twp. property 30 miles southeast of Timmins. To date about 14,000 ft of drilling has been completed in 17 holes to test magnetic …


Balance sheet woes spark Denison to sell L.O.C.

With a balance sheet hurting from the effects of the tumbling price of oil, Denison Mines is, in the words of one Bay Street analyst, “taking a step in the right direction” towards trying to mend it. …



More high grade values at Westmin’s Silbak bet

Westmin Resources has received more encouragement from its Silbak Premier property near Stewart, B.C. Some additional high grade intersections have been reported from the Glory Hole area and all the v…


Montreal Exchange: Massval still active

Wednesday close, Oct 22 Plans to consolidate Massval Mining’s stock on a 3-for-1 basis doesn’t seem to have dampened interest in the rekindled issue. The price for the previously quiet company hasn’…


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