Articles by Northern Miner Staff

Noranda finishes CDC share buy

Noranda Inc. waited until the last moment before deciding to exercis e its right to complete its purchase of about 6.5 million shares of Canada Development Corp. from the federal government. “It wasn’…


Montreal Exchange Eider takes wing

Wednesday close, Sept 17 A little-known Quebec company, Eider Resources, was the top trader on the Montreal Exchange this week with 478,900 shares changing hands. The stock’s price gained 25 cents , a…


Saskatchewan opens new geology building

The new geology building of the University of Saskatchewan in Saskat oon will be officially opened Sept 19, by the province’s lieutenant-governor, F. W. Johnson. Built at a cost of $18 million, the ne…


Westley broadens U.S. gold play

Canadian firms are playing a very significant part in the gold exploration activity that is sweeping the western U.S. states. Westley Mines is certainly one of these. This company, reports President V…


Corona sets warrant price

International Corona Resources has filed a final prospectus to offer 1.65 million 1996 warrants to the public at $27.50 per warrant to raise $45,375,000. The warrants will be fully paid upon issue. Ea…


Aunor Res. reports low grade gold

Aunore Resources has announced the first results of exploration programs on its Puiseaux properties in the Casa Berardi area and its Hebecourt property northwest of Rouyn- Noranda. In a small drill pr…


Gold production up by 30% at Agnico’s mid-year mark

With one record year under its belt, Agnico-Eagle Mines appears well on its way to achieving another. For the six months ended June 30, the company’s gold division produced at an all-time peak in tons…


Teck set to reopen Newfoundland Zinc

With zinc prices firming at the 40 cents (US) per pound range, Teck Corp is said to be planning to reopen the Newfoundland Zinc zinc mine at Daniel’s Harbor, Nfld. Production at the mine, 63% owned by…


Gunner gets option on Sweany claims

An option agreement has been signed between Sweany Gold Corp. and Gu nner Gold which gives the latter company the right to earn a 75% interest in Sweany’s Beardmore, Ont., area gold prospects. Gunner …


Eider drilling on Lac Rose be

Eider Resources is starting a diamond drill program on its Lac Rose property in northwestern Quebec to test a geochemical target and evaluate the average grade of the known veins. Geologist Michel Roy…


Hemlo study

Question on Hemlo. How best to deal with the human services, (housing, health, recreation, etc.) in the communities most affected by the Hemlo gold boom? To help the companies, the communities themsel…


Excellent progress at Lac’s Bousquet

With eight surface drills working on the eastern section of Lac Minerals’ Bousquet gold mine near Noranda Que., the activity level is not only high but it is also generating good results. A total of 1…


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