Syngold completes sale of shares
Syngold Exploration has completed the sale of 1.1 million common shares at a price of 80 cents per share and of $2.5 million of deposit receipts. Purchasers of the deposit receipts will earn one comm…
Articles by Northern Miner Staff
Financing heats up action on Professor’s Duport bet
With new financing in hand to the tune of a minimum $4.5 million, Consolidated Professor Mines plans an accelerated exploration and development program at its Duport gold property at Shoal Lake, near …
Royex Gold/Int’l Corona may be operators at Jolu
If current negotiations are successful, Royex Gold Mining Corp. and International Corona will be appointed the operators of the Jolu property in the La Ronge gold belt of northern Saskatchewan. The ne…
Malartic Hygrade results
For the second quarter ended June 30, Malartic Hygrade Gold Mines earned net income of $484,125 or 14 cents per share compared to $349,156 or 10 cents per share during the same period last year. For …
McAdam Res. now on TSE
The shares of McAdam Resources are now listed on the Toronto Stock Exchange; the company’s trading symbol is MMM. The company has successfully completed a rights issue undertaken by Merit Investment C…
Correction: Canadian Gold Resources
In last week’s centrespread map in The Northern Miner on the Beardmore/Geraldton gold belt, Canadian Gold Resources was incorrectly identified as listing on the Vancouver Stock Exchange. The company i…
Results encouraging for Golden Rule
Golden Rule Resources has traced a gold-bearing, quartz-barite breccia for a distance of 400 ft on its Toodoggone area property north of Smithers, B.C. The company is involved in a 6,000-ft drill prog…
Siscoe has profit
United Siscoe Mines reports net income of $6,483,000, or $1.72 per share, after extraordinary item, for the six months ended June 30, with a loss of $1,513,000, or 40 cents a share, in the similar pe…
Letters to the Editor Haileybury graduates appreciated
In response to the letter “Haileybury has fallen behind” by Ken Swanson (mining technologist) in your Aug 18 issue, I have the following comments to offer: * It is a very self-serving letter — repu…
Canamax ups reserves at Kremzar gold project
An additional 264,000 tons of reserves have been outlined at the Kremzar gold property operated by Canamax Resources, the company reports. Located 25 miles northeast of Wawa, Ont., the Kremzar propert…
Correction Abermin Corp.
A story on Abermin Corp. in the Aug 18 issue neglected to mention the width of the high grade discovery in the coronation zone. A channel sample taken across 11.5 ft grades 0.717 oz gold per ton, 14.9…
Sullivan drilling on Mon-Dor prospect
A second drilling program by Sullivan Mines is getting under way on the Brongniart property of Mon- Dor Explorations, about 18 miles southeast of Chibougamau, Que. It follows recent completion by Sull…