Quebec Sturgeon River Mines has sold 345,000 treasury shares at a
$4 per share which raised $1,380,000. The proceeds will be used for corporate purposes, the company says.
Articles by Northern Miner Staff
Decline well under way at Newhawk’s Sulphurets
The 1,200-ft underground decline is well under way at the Sulphurets property in northwestern B.C., reports operator Newhawk Gold Mines. Newhawk and Lacana Mining hold the property under option from G…
Jamie Frontier to ship ore to custom mill in early ’87
Shipment of a 6,000-ton bulk sample from the Pipestone Bay property to a custom mill is expected to take place in the first quarter of 1987, Jamie Frontier Resources says. Located near Red Lake, Ont.,…
Mine share trading up again on Toronto Stock Exchange
Trading in mining shares on The Toronto Stock Exchange has taken huge leaps this past September both in terms of dollar value and volume of shares traded. Dollar value traded in mining shares increase…
Golden Rule/Manson results from Mets
More drill intersections have been released by partners Manson Creek Resources and Golden Rule Resources from their Toodoggone area gold project in northern B.C. Hole M-9 drilled on the Mets claims, c…
Gibralter reduces its mine workforce
The continuing low price of copper coupled with the current lower production has necessitated a reduction in Gibraltar Mines’ workforce to 320 employees, says President A. J. Petrina. About 35 hourly …
Newjay planning drill program
Newjay Resources says in the 1987 season it plans a phase-two drill program totalling about 3,000 ft on its “Master Ace” precious metals project near Hope, B.C. The drilling will test two zones identi…
Drilling on Silver Princess’ Sulphurets gold bet
Drilling on the Silver Princess Resources’ Doc claim group on the South Unuk River in the Sulphurets belt near Stewart, B.C., has confirmed a very strong structure over a strike length of 1,200 ft an…
Glen Auden Res. reaches agreement on Hurtubise Twp.
Glen Auden Resources and the Turgeon Staking Syndicate have entered into agreements with New Kelore Mines and Conscot Resources regarding two properties in Hurtubise Twp., Ont. Under the terms of the …
Record output in September for Galactic
Galactic Resources reports record monthly gold production in September of more than 10,000 oz, from the Summitville gold mine in Colorado. It brings total production since the June initiation of comme…
Troubled Aiguebelle Resources may be amalgamating with a
Cambior Inc. Aiguebelle President Roger Plasse says the proposed amalgamation would involve shareholders of Aiguebelle receiving shares of Cambior on a ratio to be determined.
Silvera Resources reports gold mineralization has been intersected
drilling on the Anton property, near the Tillicum mine in British Columbia, with a mineralized zone carrying anomalous gold values over substantial widths. The company says it is preparing for an imme…