Correction (June 15, 1987)
In the June 8 issue of The Northern Miner, it was mistakenly reported that Pamour Inc. owns 50.2% of Australia based Giant Resources. In fact the reverse is true.
News
Juniors more active than ever in Manitoba
Manitoba is currently experiencing considerable mineral exploration and mine development by the junior mining sector. It is possibly the most activity ever by juniors in the province, with more than 6…
Road extension to benefit Toodoggone
The decision by Cheni Gold Mines (formerly Serem) to develop its Lawyers property north of Smithers, B.C., should benefit other operators in the region. While the exact impact is difficult to quantify…
News in Brief (June 15, 1987)
Ceasar Resources has changed its name to Audre Recognition Systems Inc. on a share-for-share basis.
Flow-through is driving Quebec’s mining boom
Exploration expenditures in Quebec grew by 58% in 1986, soaring to an unprecedented $263.1 million. More than 87% of this investment was earmarked for the off-site exploration for which the spending r…
Gordex acquires gold property in Nova Scotia
Making its first venture outside New Brunswick, Gordex Minerals has acquired a gold property 60 mi southwest of Halifax, N.S. Gordex, New Brunswick’s first primary producing gold company, will spend $…
Kilo Gold funding for B.C. project work
Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines. The company says it will raise u…
Vancouver Stock Exchange New discovery adds some sparkle
There’s nothing quite like a new discovery to add some sparkle to a market — especially one that’s so close to home. The big news this week of course is the Minnova/Rea Gold find north of Kamloops, B…
Quebec Cobalt, Arrowhead merger
The amalgamation of Quebec Cobalt & Exploration with Arrowhead Gold Mines has been approved by the shareholders of both companies, Quebec Cobalt President Richard Evarts said recently. The new company…
Queries Parvus making noises again
I hold shares of Parvus Mines, which seems to have almost disappeared from the scene since the late-1970s. Now I hear there is a private placement of flow-through shares; also, it has reappeared on co…
METAL MARKETS Japan relying on more steel imports
With its steelmakers having cut production, Japan will start relying more on steel imports than exports, and developing nations such as Brazil and Korea will be expanding their steel capacity steadily…
Breakwater offering
Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…