Editorial The courage to cut debt
This country is blessed with an abundance of rich natural resources. Given a down-to-earth fiscal policy, there is no reason why we shouldn’t continue to grow and prosper for years to come. But this…
News
McNickel on COATS
Following an amalgamation of Perch River Mines and Hanson Mineral Exploration, the common shares of the new company called McNickel Inc. (COATS) are now trading on the Canadian Over-the- counter Autom…
Law suits try Chelsea Res as Spotted Horse is tamed
While Chelsea Resources (VSE) attempts to bring costs down at the Spotted Horse gold mine in Lewistown, Mont., two lawsuits brought about by two exploration companies are providing more financial head…
Letter to the Editor NWT government supports Colomac
I would like to draw your attention to a misleading statement in the March 13 issue of The Northern Miner. In the article entitled “Northgate loan bails out Neptune,” you stated: “Northgate emerged as…
Atlantic, Jascan principals engage in control struggle
After months of manoeuvering, Jascan Resources (TSE) and Atlantic Goldfields (COATS) have finally shed their gloves and embarked on a major control battle. Jascan and Atlantic, both of Toronto, have i…
Aston Resources
Aston Resources (VSE) has optioned a property in Pelletier and La Trappe twps., near Lac St. Jean, Que. Aston can earn a 100% interest in the 38-sq-mi Pike Lake property by making payments totalling $…
Missed Payment May Force Resolution at Dome Mountain
Holding a missed option payment by Total Energold (TSE) as a trump card, the prospectors and underlying vendors of the Dome Mountain project near Smithers, B.C., are forcing the key players to find a …
Northgate increases Geddes shareholding
Northgate Exploration (TSE) of Toronto recently purchased by way of private placement an additional 850,000 flow-through common shares of Geddes Resources (TSE) at $1.50 each. With 4,854,325 Geddes sh…
Mines ministers to meet in Sudbury
The 46th annual federal-provincial mines ministers’ conference will be held in Sudbury Aug 29-31. “I am very pleased that the government has recognized all that northern Ontario has to offer by select…
News in Brief (April 10, 1989)
Melrose Resources (VSE) has signed a letter of intent to purchase 20 claims in the Lac St. Jean area of Quebec. Terms of the agreement require Melrose to make payments totalling $10,000 and issue 100,…
Armistice drilling Sheldon, Kerr zones
A 35,000-ft underground exploration drilling program to expand the Sheldon zone and test the Kerr zone has been started by Armistice Resources (ME) at the company’s Virginiatown gold property in north…
Equinox advances J&L project to feasibility
After completing an extensive metallurgical and underground evaluation program, Equinox Resources (TSE) has advanced the J&L project near Revelstoke, B.C., to the feasibility stage. Equinox and partne…