Newfield to repair Teck shaft No. 2
Newfield Minerals has settled the terms of a flow-through financing enabling the company to proceed with rehabilition of Teck Corp.’s Kirkland Minerals No 2 shaft. The shaft is located approximately 1…
News
Overseas Platinum busy in Brazil, U.S. and Europe
An acquisition program for platinum and gold properties has been completed by Overseas Platinum Corp. Armed with $1.75 million raised from a private placement of shares with a group of European financ…
NovaGold getting more confident on Fifteen Mile Stream property
Geologists at tse-listed NovaGold Resources are satisfied with geological evidence that indicates the Plenty Zone on the Fifteen Mile Stream property in Halifax Cty., N.S., comes to surface. Discussio…
Carlson drilling expands zone at Hemlo property (September 21, 1987)
Black Gregor Explorations have received some encouraging results from exploration at their Hemlo gold property north of Marathon, Ont. Located 12 miles northwest of the Lac-Noranda-Corona Hemlo gold m…
Cannon production exceeds Asamera’s expectations
Calgary-based Asamera Minerals recently released a progress report on a number of its key properties located in Germany and the U.S. Results of exploration and production from five of these projects a…
Thompson-Lundmark busy on exploration projects
Thompson-Lundmark Gold Mines reports it has raised $435,000 for exploration work on the company’s various mining interests. President Richard Evarts tells The Northern Miner the funds came from 31.9%-…
Musto closing gallium project
A shortage of working capital caused by poor gallium markets has led to the closure of Musto Explorations’ Apex mine project near St. George, Utah. According to H. Lutz Klingmann, president, the compa…
Argentex, Sholia in Saskatchewan play
Partners Sholia Resources and Argentex Resource Exploration have equally acquired the right to earn an 80% interest in a mineral claim located in northern Saskatchewan. The vendors were Comaplex Resou…
Metal Prices PRODUCER PRICES (September 21, 1987)
ALUMINUM: MW U.S. Market 78.00 cents -81.00 cents per lb. (Sept 3, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CA…
Atlantic Report Coxheath to cash in on plan
Coxheath Gold Holdings of Bedford, N.S., will be the first mining company to cash in on a new provincial investment incentive, the Nova Scotia Stock Savings Plan. Investors who buy the stock of qualif…
Noranda dealing with San Paulo Mishibishu ground
San Paulo Explorations has just dealt one of its two gold properties in the Mishibishu Lake area of northwestern Ontario to Noranda Exploration, The Northern Miner learns from Peter D. Walker, the com…
Acadia considering partners to develop Mooseland bet
Overtures by Canadian and foreign interests to assist in developing the Mooseland gold property in Nova Scotia have been received by junior explorer Acadia Mineral Ventures of Toronto. The company has…