Correction (February 09, 1987)
Delbridge Mines is planning work on the DeSantis property in Turnbull Twp., near Timmins, Ont. In the Feb 2 issue of The Northern Miner, this was confused with the DeSantis property in Ogden Twp., cur…
1987
Recon hole hits at Canamax’s Clavos
The first reconnaissance drill hole on the Clavos property held by partners Canamax Resources (66.66%) and Bruneau Mining Corp. (33.33%) has cut a 16.4-ft section grading 0.3 oz gold per ton. The Clav…
Editorial Where Does CANMET Go From Here?
These are changing times for the industry’s federal research labor atory — the Canada Centre for Mineral and Energy Technology (canmet). The industry is demanding more tangible results from the centr…
Restructuring set for Mountain-West
Mountain- West Resources says the 1986 agreement on its Elkhorn property with Homestake Mining has been restructured. The new agreement will allow Homestake to earn a 50% interest by spending $3 milli…
Queenstake options California gold bet
Queenstake Resources has optioned its Argus gold property near Bakersfield, Calif., to Childs International, a subsidiary of an Australian mining group. The company will be able to earn a 60% interest…
People (February 09, 1987)
CONCERT RESOURCES – John C. A. de Wit appointed chief financial officer.
New ore zone for Geodome at gold project in Idaho
Discovery of a new ore zone is reported by Geodome Resources at its gold project near Hailey, Idaho. The company says the new zone was discovered through its U.S. subsidiary, Sunbeam Mining Corp., as …
Vancouver Stock Exchange Dollar’s rise fuels market volume
Recognizing that a stronger Canadian dollar will lead to lower interest rates, investors are scurrying into equities — both blue chip and speculative. Market volume on Vancouver has been climbing ste…
Obituary Played key roll in Northgate growth
A lawyer who became a top mining executive playing a key role in the growth of Northgate Exploration into a senior international mining company, George T. Smith, died in Toronto on Jan 29 at the age o…
Metals Report State ownership nothing to fear
Since metal prices collapsed in the early 1980s, North American producers have had a propensity for whining about “unfair” competition from state-owned mining companies in Third World countries. The N…
Mercator drilling base metals claims
A drill program is under way on a base metals property held under option by Mercator Resource Corp. The company is putting down two holes on the Sentinel Mountain property held under option from Texas…
United Siscoe postpones vote on Barrick takeover (February 09, 1987)
A special meeting of United Siscoe Mines to vote on a proposal to acquire a controlling interest in American Barrick Resources has been postponed indefinitely. A special meeting had been scheduled for…