Oil and gas information wanted
I realize that no one can be all things to all people. However, even though The Northern Miner has ben dedicated primarily to mining interests, as far back as I can remember it has always been a sourc…
News
Letters to the Editor New direction appreciated
I am a subscriber to The Northern Miner as I have actively traded mining shares and gold-mining mutual funds for several years. I hope your issue dated March 7 represents a new direction for your fine…
Bighorn begins bulk sampling at 25tpd Island Lake mill
A 25-ton-per- day pilot mill has started bulk sampling at Bighorn Development’s and Wydmar Development’s Island Lake gold project in northern Manitoba. The mill is processing a 3,000-ton bulk sample, …
Hydro discount to extend life of Brenda mine
A deal to get surplus power from B.C. Hydro at a discount price will enable Brenda Mines to extend the life of its open pit copper/molybdenum mine near Peachland, B.C., for an extra year, it has been …
Montreal Exchange Revised takeover bid
Although it currently holds 56.5% of the issued and outstanding common shares of Louvem Mines, St. Genevieve Resources appears to be meeting some resistance to its revised takeover bid for the gold pr…
St. Genevieve renews offer for common shares of Louvem
A proposed offer to boost its interest in Louvem Mines to about 90%, through the purchase of up to 4.8 million common shares of the gold producer, is going ahead, St. Genevieve Resources has announced…
Pickens backs out of Homestake deal
Texas oilman T. Boone Pickens and his Mesa Ltd. Partnership recently withdrew a $1.88-billion takover bid for San Francisco-based Homestake Mining Co. On March 7, the Homestake board of directors unan…
Pamorex/Highwood N.W.T. drill results
Results are encouraging from the first five holes drilled by Pamorex Minerals (60%) and Highwood Resources (40%) on the Regan Lake gold prospect southeast of Lupin Lake, N.W.T. The best intersections …
Pacific Trans Ocean secures gold loan for Ketza project
An $8.8-million(US) gold loan has been arranged by Pacific Trans Ocean Resources through Lloyds Bank plc of New York. The proceeds will be used to retire short term credit facilities and for preproduc…
B&B proposes new mine in southern California
A new gold operation, the open pit, heap leach Castle Mountain project, is being proposed in southern California by B & B Mining of Vancouver, B.C. According to a plan of operations filed with the U.S…
Echo Bay budget $9.5 million
Echo Bay Mines has budgeted $9.5 million(US) for exploration work on its Kettle and Key gold properties in Washington state this year. The company can earn a 60% interest for an expenditure of $10 mil…
Falconbridge’s Pelletier drills yield more gold mineralization
International Thunderwood Explorations of Toronto and joint venture partners Falconbridge Ltd. have released some encouraging results from the Pelletier Lake gold property two miles southwest of Rouyn…