Gold search leads in Ontario
The search for gold remains pre- eminent among Ontario’s prospectors and developers. More than $153 million or 44% of the provincial expenditures on exploration and development was spent on the search…
News
News in Brief (January 18, 1988)
Monte Carlo Gold Mines has announced it will be issuing bonus warrants to common shareholders of record Jan 7. Each bonus warrant will entitle the holder to purchase one additional common share at $3 …
Juniors can’t afford red tape for speculators
The following is excerpted from two letters sent to The Northern Miner, written by Jean-Jacques Martel of Amos, Que. Martel is vice-president of Explorations Minieres du Nord, a Quebec-based junior mi…
Trade dispute averts penalties
The threat of heavy penalty duties being imposed by the United States on Canadian potash in yet another trade dispute between the two countries has been averted. Under a new agreement negotiated betwe…
Aster funding
A financial offering worth $2.3 million was recently completed by Aster Exploration of Montreal. The company reports it has started exploration work on its Portage-du-Fort dolomite property located 55…
Montreal Exchange Belmoral- Yorbeau deal
“If at first you don’t succeed, try again,” appears to be the strategy being followed by Belmoral Mines of Toronto, which has announced it will spend $5 million on shares and warrants of junior-mining…
PDAC convention set for March 6-9
The Prospectors and Developers Association of Canada (pdac) is gearing up for its 56th annual convention March 6-9 at Toronto’s Royal York Hotel. Theme of this year’s meeting is Financing — The Key t…
Sun Valley deal on Arizona play
Sun Valley Gold Mines has concluded an agreement to acquire a 100% interest (subject to a 10% net profits) in 10 mining claims near Wickenburg, Ariz. The claims include the former Rincon Mining proper…
Letters to the Editor Industrial minerals coverage
I read with interest the results of your Readership Survey What readers like — and don’t like — about The Northern Miner, (Dec 14, 1987). I strongly disagree with the findings in one very important …
Letters to the Editor What’s an arrastre?
With reference to the Odds ‘n’ Sods story by A. E. Alpine in your issue of Dec 28: the ore-grinding device he came across is called an arrastre. It is sometimes spelt with an “a” at the end instead of…
Chelsea debenture
The placement of a $500,000 convertible debenture has been completed by Chelsea Resources. The debenture was placed with Lufer Corp. and is convertible at $2.35 per share over a one-year period. Chels…
Fired Inco Ltd. miners are back on the job
Inco Ltd. has reinstated seven miners who were fired from the company’s Frood Mine in Sudbury last October for dangerous mining practices, the company said recently. Inco says the miners, found taking…