Free gold observed by Cache d`Or Res.
Free gold has been observed, and some high values obtained, in recent drilling by Cache d’Or Resources at its Dubuisson Twp. property, which adjoins the Kiena Gold Mines property, in northwestern Queb…
News
Chelsea’s Spotted Horse profitable in past month
The high grade gold mining operation of Chelsea Resources near Lewistown, Mont., has started to turn a profit, according to Fernando Nuflo-Moya, chairman. He confirms that “since the second week of No…
$900 million to $1 billion to `flow-through’ this year
There is going to be about $900 million in flow-through money raised this year by cmp, nim and First Exploration, the three largest national exploration fund managers in Canada. Add to that another $1…
Investment Comment Higher earnings forecast for Agnico
Backed by a new silver discovery near Cobalt Ont., an expected end to dilution problems at its Telbel gold mine and significantly higher earnings, the executives at Agnico- Eagle Mines are in a bullis…
Campbell, Meston shareholders approve amalgamation plan
Shareholders of Toronto-based Campbell Resources and Montreal- based Meston Lake Resources have voted in favor of amalgamating Meston with a wholly-owned subsidiary of Campbell, Camsub Holdings. Mesto…
Silverside acquires additional ground
Additional ground has been optioned by Silverside Resources in the Harker-Holloway area east of Matheson, Ont. The company has the right to acquire a 100% interest in 13 patented claims located in Gar…
Inco backs out at Cochrane Hill
After conducting a 5,000-ton bulk sample test on Northumberland Mines’ Cochrane Hill, N.S., gold prospect, Inco Gold has decided to relinquish its option on the property. Inco was earning a 60% intere…
Pioneer prepares to fend off takeover
Although he has heard “rumors of several companies sniffing around,” Pioneer Metals President Robert Willis doesn’t believe his company is a takeover target. But he concedes that if “somebody wants yo…
Neptune test successful, Colomac moving ahead
It gets colder in the Northwest Territories, a lot colder, but at least the test was done under freezing conditions. For 35 days in October and November, Neptune Resources test-leached 1,500 tons of o…
Some comments from our readers
When it comes to making suggestions, readers of The Northern Miner don’t pull any punches. Many respondents offered good sound advice but, while we received many comments on a job well done, there was…
Total Erickson adds to Getty shareholding
Total Erickson Resources has acquired 250,000 shares of Getty Resources in a private transaction. That increases Erickson’s interest in Getty to 1,089,300 shares or about 11.6% of Getty’s outstanding …
Consolidated Professor increases Duport reserves
A revised mineral reserve calculation has been completed by Consolidated Professor Mines at the company’s Duport gold property in northwestern Ontario. Based on data from a $5.83-million surface and u…