News

Stop kicking a wounded industry

Tighten government spending? Slash the federal deficit? These appear but a daydream of Prime Minister Brian Mulroney. Certainly it’s a message that has not got through to the Canadian International De…


Queenstake adds $100,000 to its operating cash flow

Queenstake Resources says it has received $625,000 from a limited partnership for the funding of Yukon placer operating costs in exchange for a share of production and “certain tax benefits.” Presiden…



New mineral branch director

John Wood has been appointed director of the new northwestern mineral development branch in Kenora of the Ontario Ministry of Northern Development and Mines. Mr Wood is the first mining director to be…


Mining conference Leoben, Austria

A national resource forum titled Canadian Mining Industry — Emerging Challenges and Opportunities will be held Sept 11-14 at Banff, Alta. The forum will examine future prospects for the industry and …


Siscoe has profit

United Siscoe Mines reports net income of $6,483,000, or $1.72 per share, after extraordinary item, for the six months ended June 30, with a loss of $1,513,000, or 40 cents a share, in the similar pe…



Canamax ups reserves at Kremzar gold project

An additional 264,000 tons of reserves have been outlined at the Kremzar gold property operated by Canamax Resources, the company reports. Located 25 miles northeast of Wawa, Ont., the Kremzar propert…


Correction Abermin Corp.

A story on Abermin Corp. in the Aug 18 issue neglected to mention the width of the high grade discovery in the coronation zone. A channel sample taken across 11.5 ft grades 0.717 oz gold per ton, 14.9…


Sullivan drilling on Mon-Dor prospect

A second drilling program by Sullivan Mines is getting under way on the Brongniart property of Mon- Dor Explorations, about 18 miles southeast of Chibougamau, Que. It follows recent completion by Sull…


Inco clarifies Can Antonio figure

In the August 25 issue of The Northern Miner, Cassiar Mining reported that reserves on the San Antonio gold mine in southeastern Manitoba had quadrupled as a result of a recently completed underground…


Montreal Exchange Producers make gains

Wednesday close, August 27 Gold producers were generally trading at higher prices on the Montreal exchange this week where the total volume of shares traded was a low 5,526,000. Aiguebelle Resources I…


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