Montreal Exchange Yorbeau leads way
There are always exceptions to the rule. Trading in resource issues this week on the Montreal Exchange was generally off, if the falling mining and minerals index was any indication, but a couple of s…
News
METAL MARKETS Communist bloc boosts sales of gold to West
The Soviet Union and China substantially increased sales of gold to the West in 1986, says the British firm Consolidated Gold Fields. Sales from the Communist bloc, at 402 tonnes, were almost twice th…
Holmer raises working capital
A total of $148,500 to provide working capital by issuance of shares and share purchase warrants under an exempt private offering has been raised by Holmer Gold Mines. In other news, Holmer expects to…
Initial raise proves promising at Mishibishu Lake project
High gold values are being encountered in the initial raise being developed at the Mishibishu Lake joint venture in northern Ontario, John McAdam, president of Flanagan McAdam Resources, reports. Flan…
50 YEARS AGO — JUNE, 1937 — IRON ORE BOUNTY APPROVED
With the passage of enabling legislation by the Ontario government, the way is now clear for the Algoma Steel Corp. to proceed with its plans for bringing the Helen mine, in Michipicoten, into product…
Sees merger benefits for Dome Mines, Campbell
“The advantages (of the proposed Placer-Dome-Campbell merger) will far outweigh the disadvantages,” Dome Mines Chairman Fraser Fell assured The Northern Miner, following the annual meetings of Dome an…
CROSS-CUTS Know a lot about gold?
Think you know a lot about gold? Well, it’s probably not as much as Will Felderhof, president of Jascan Resources and a managing director of A.C.A. Howe International, a mining and exploration consult…
WHAT’S NEW OPEN PIT EQIPMENT Truck Bed Liners
Heavy-duty truck bed liners, constructed of vulcanized layers of 60- durometer rubber have been introduced by Semperit Industrial Products of Montvale, N.J. Compared to steel liners, these liners offe…
General News & Comment Porcupine runners will relive gold rush
For those who missed the original Porcupine Gold Rush, the Prospectors and Developers Association of Canada is offering local athletes the chance to relive history. Organizers of the fourth Annual Gre…
Editorial Governments rally to the mining cause
Two events last week, one coinciding in time with the other, brought a considerable degree of encouragement to Canada’s beleaguered mining industry. One was the unveiling, in Ottawa, of a new federa…
CROSS-CUTS Mining: It’s Like Shovelling Snow
It’s almost embarrassing — and somewhat insulting — how some influential Canadian institutions view the mining industry. The worst gaffe we’ve heard in some time comes from Maclean’s, a magazine tha…
CORE SHACK The Estrades deposit
The Estrades is a 2.68-million- ton mineral inve ntory of base metal- and precious metal- bearing volcanogenic massive sulphides. Located about 150 km north of Rouyn-Noranda, Que., and 26 km east of t…