Galactic gold output is less than expected
Galactic Resources says 42,000 oz of gold was produced from the company’s Summitville project in Colorado by mid-November. Production started June 5 and Galactic says a profit of $522,073 was posted f…
Articles by Northern Miner Staff
Equinox deal on Nev. mine looks like an asutute move
The totally leveraged purchase by Equinox Resources of a 23.6% interest in Cominco’s Buckhorn mine property in Nevada has proven to be an astute move. Purchased for $1.7 million(US) the property is ex…
Atlantic Report Exploration disappointing in N.B.
Consulting geologist Peter M. Dimmell, president of the New Brunswic k Prospectors and Developers Association, is disappointed with the current state of minerals exploration in that province. “If it w…
New zone holds promise Three drills, 30,000 ft program Storimin-
Two new gold zones have been encountered by Storimin Exploration on its joint venture with Tandem Resources at Moss Lake, 70 miles west of Thunder Bay in northwestern Ontario. Thirty holes totalling 1…
Till samples show delicate gold grains on Douay Twp. bet
Overburden drilling funded by Vior Inc. on a property held jointly by Inco Ltd., the operator, and Cambior in northwestern Quebec’s Douay Twp., indicated three areas of anomalous heavy mineral concent…
Baroque options antimony bet, drilling to test gold potential
Baroque Resources has completed an option agreement with Homestake Mineral Development giving the company the right to earn a 51% interest in Homestake’s Miminiska antimony deposit. Located west of Fo…
Toronto Stock Exchange Golds nudge market out of weeklong wallow
Wednesday close, Dec 10 Golds gave the market a welcome push upwards today after a tiresome week-long wallow. After dropping over 30 pts over the week, the widely followed composite 300 finally made a…
Write Wilson — help save flow-through
What would happen to you and your family should Finance Minister Michael Wilson decide to cancel flow-through financing in his next budget? We think you should let Mr Wilson know. As Miter Michael Wil…
Letters to the Editor All’s well at Gods Lake
As a sequel to your Nov 17 Odds ‘n’ Sods column by J. H. Morgan, I just returned from Gods Lake, Manitoba and I can report all is well in God’s Country. Thanks to geologists like Morgan, McMurchy and …
Queries Faraday Resources’ link with Hemlo
Faraday Resources recently hit new highs on the TSE. What’s the story? K.D. Montreal, Que. Toronto-based Faraday Resources new-highed on the TSE at $4.10 shortly following the formation of the new pu…
Alberta Stock Exchange Gain for Coxheath
Wednesday close, Dec 10 One of the better advances for the week was made by Coxheath Gold Holdings which churned through almost 500,000 shares to close at $1.25; up 55 cents for the week. The company…
Profit up 44% for Teck Corp
With a profit boost of 44%, Teck Corp. has emerged from the year ending Sept 30 with a net income of $23.3 million or 42 cents per share. However, with extraordinary items net income increases to $24…