Novamin proceeds on private placement
Montreal-listed Novamin Inc. says it was proceeding in the last two weeks of November to a private placement of its common shares with a maximum of 50 investors resident in the province of Ontario. Th…
Articles by Northern Miner Staff
Duration drilling Ronrico option
Drilling has resumed on the property held by Duration Mines and Ronr ico Explorations in the Casa Berardi area of northern Quebec. Two drill rigs are testing several targets. In the Dougie Lake area, …
Royalty from McLellan mine should boost Agassiz’s profit
Agassiz Resources reports net earnings of $91,152 for the 3-month pe riod ended Sept 30 on revenue of $3,555,529 compared with net earnings of $238,210 on revenue of $4,346,176 for the same period a y…
Golden Eye drilling
Diamond drilling has resumed on the Red Bird project controlled by G olden Eye Minerals. Located near Salmo, B.C., the property has several high grading zones of base metal mineralization, including g…
X-Cal to drill Snowbird bet
A 2-phase diamond drilling program is planned for the Snowbird property in the Omenica mining district of B.C., reports X-Cal Resources President Shawn Kennedy. The program will attempt to double the …
Ronrico improves position In Ungava pplatinum play
The prospects for Ronrico Explorations have improved considerably ov er the past year — and there is more to come, Donald J. Kemp, president, told shareholders at the annual meeting. The turnaround i…
Atlantic Report Bullish on Atlantic mine growth
Optimism about mine development in the Atlantic provinces was eviden t at the District 1 meeting of the Canadian Institute of Mining held in Halifax recently. Speakers at the opening session summarize…
Queenstake Res. sees profit in its 1987 gold production
The production season has ended at Queenstake Resources’ placer operations in the Yukon and gold output was 5% higher than last year. More than 6,400 oz of gold was produced from three main properties…
Goldhurst to drill
A drill program is expected to start this week on Goldhurst Resource s’ gold prospect in Walters Twp., near Beardmore, Ont. The small 3,000-ft program will test several geophysical conductors which ha…
Odessa completes small drill program
A 4-hole drill program has been completed on the Birchville gold pro perty by Odessa Explorations. The property is located in the Mother Lode area of California. Assays from the drilling are expected …
Shares offered by Barrick to buy Pancana Minerals
American Barrick Resources is swallowing another gold producer — its sixth acquisition since 1983 — as it continues to increase its gold production. The non-cash transaction will see each share of P…
Alberta Stock Exchange Gainers lead the pack
Wednesday close, Dec 3 Several resource issues made solid gains during the week. First City Gold Corp., was one of the bigger winners, adding 85 cents to close at $3.35. The company, which made our mo…