LAC/Jonpol joint venture
LAC Minerals (TSE) and the Jonpol group of companies have signed a joint venture agreement for the exploration and development of their properties in Garrison Twp., 30 miles northwest of Kirkland Lake…
News
Queries Inverness victim of 1929 market crash
An old stock certificate for 500 shares of Inverness Mines Ltd. turned up among my mother’s things after her recent death. Please determine if the stock has any current value. John Macfie Parry Sound,…
Monte Carlo Gold president resigns
Gordon Leliever, former president and major shareholder of Monte Carlo Gold Mines (ASE) has sold his control block of Monte Carlo shares to a group of investors headed by Robert Salna of Richmond Hill…
Viscount seeks additional feed for Dankoe mill
Now that the O.B. silver mine at Greenwood, B.C. is safely past the start-up phase, Viscount Resources (VSE) says it is looking at acquiring other proven undeveloped deposits in the area. The company …
9-month gold output up 42% for Cambior
Gold production by Cambior Inc. (TSE) for the first nine months of 1988 increased 42% compared with the same period last year, the company reports. Total production to Sept 30 was 140,685 oz; during t…
Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…
Price stability seen for metals in short-term
Reasonable stability for base- metal prices is expected at least for the next few months, and possibly for the next year or two, says the chief executive officer of the Mining Association of Canada. G…
Muscocho companies to convert loans into common shares
Loans worth a total of $23.5 million from Echo Bay Mines (TSE) will be converted into common shares, Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) report. T…
Golden Tanager completes Pickle Lake area work
Surface exploration has been completed by Golden Tanager Resources (COATS) on its two Pickle Lake area gold properties. On the company’s 84-claim North Caribou property, located 166 km north of Pickle…
Orofino contemplates next move at remote Canuc bet
With all the results in now from a 10,000-ft drill program at the Canuc Resources (TSE) property in the Northwest Territories, Orofino Resources (TSE) is contemplating its next move. Orofino can earn …
Latest results from War Eagle disappoint market
What had been touted as a major new gold discovery in southwestern Idaho appears to have fallen short of expectations. Indeed, investors greeted the latest results from War Eagle Mining (VSE) with a m…
Uranium giant plans major diversification
Within five years, 25% of revenues at Cameco — a Canadian mining and energy company — are expected to come from non-uranium sources, The Northern Miner learned during a series of wide-ranging interv…