Noront Res. busy on Olive-Preston
Dewatering and shaft rehabilitation is slated on the 59-claim Olive- Preston project as soon as possible, weather permitting, by Noront Resources. The Toronto-based company can earn up to a 60% intere…
Articles by Northern Miner Staff
Montreal Exchange Syngold sets a new high
Wednesday close, Dec 17 For the second week in a row Syngold Exploration was the most active issue on the Montreal Exchange establishing another high on the strength of drilling results from the Owl C…
Correction Tax Angles
In the Tax Angles column by John Playfair and Barry Dent in the Dec 15 issue, it was incorrectly stated that, should a bill tabled in the House of Commons be passed, the alternative minimum tax (AMT) …
At Feasibility stage on Abermin gold bet
Exploration work is continuing at Abermin Corp.’s Tartan Lake project near Flin Flon, Man., which falls under a joint venture agreement with Granges Exploration. According to Roger P. Taylor, Abermin …
Cons. McKinney acquires interest in Wyoming mine
Consolidated McKinney Resources has picked up a 50% interest in the Carissa mine, a gold prospect in Wyoming with a modest production history. The mine produced about 11,500 oz gold prior to its closu…
Delbridge financing to fund exploration
Reactivated Delbridge Mines has received regulatory approval for a financing expected to net the company $315,000 when completed. The money will fund a follow-up exploration program on the company’s O…
Toronto Stock Exchange Pre-holiday slump makes for dreary market
Wednesday close, Dec 17 Investors were feeling anything but festive, judging by the dreary market action this past week. The widely followed composite 300 fell 14.59 pts on the week, including a 2.25 …
Placer to drill on Colray’s N.W.T. claims
An exploration program including surface work and more than 9,000 ft of diamond drilling is planned for the 1987 field season on Colray Resources’ holdings in the Courageous Lake area in the Northwest…
Barrick buying second half of Nevada mine
American Barrick Resources has locked up a 100% working interest in Nevada’s Goldstrike gold mine with an agreement to buy Western States Minerals’ 50% interest in the property. The purchase from West…
Drilling on Coxheath claims
Coxheath Gold Holdings reports that 25 diamond drill holes have been completed on its Beaverdam property by operator Seabright Resources. Coxheath’s 22-claim piece of ground adjoins the Seabright Beav…
Average yield (December 22, 1986)
The average stock yield on mining stocks on the Toronto Stock Exchange as compiled by Moss, Lawson & Co. on prices of Nov 28 is down 0.06% at 1.88%. Last month this group yielded 1.95% , while one yea…
Quebec Explorers’ underground drilling could boost reserves
Quebec Explorers plans to spend $1.3 million for exploration aimed at increasing reserves on its Dubuisson Twp. property in northwestern Quebec from 440,000 tons grading 0.21 oz gold per ton already i…