Greenstrike drilliing Fifteen Mile property
Diamond drilling is under way with a second rig scheduled to arrive on Pan East Resources’ Fifteen Mile Stream gold property in Nova Scotia by operator Greenstrike Gold Corp. The goal of the 3,000-m p…
News
Hemlo Gold shares flood back to Canada
As much as $20-million worth of stock in Hemlo Gold Mines, one- fifth of the shares sold by Noranda Inc. in Europe, came back to Canada within two days of the initial public offering, estimates one in…
Toronto Stock Exchange Market flexes its muscles and bursts
The composite 300 muscled past the 3,400 barrier with ease this week after tacking on a gain of 93.84 pts to close at 3,448.09. Metals and minerals provided some of the force as that index was up by 1…
COATS Trading Features (February 09, 1987)
The most glamorous gold issue of the decade hit the markets this week. Hemlo Gold Mines, which was issued at $19.25, opened up at $20.63 and closed at $20.75. The issue traded as high as $21 on good v…
Exploration money for Falconbridge
Falconbridge Ltd. says it will raise $13.2 million in flow-through funds to finance Canadian exploration expenditures on the company’s properties this year. Falconbridge says it has an agreement with …
Royalty trust considered by Franco Nevada Mining
A study has been commissioned by Franco Nevada Mining Corp. to determine the feasibility of placing the Goldstrike and Post claims located in the Carlin area of Nevada into a U.S. Royalty Trust, says …
Drilling under way at Schell Ranch bet by Colony Pacific
Drilling is under way at the 100%- owned Schell Ranch property in Calaveras Cty., Calif., says Colony Pacific Explorations President Pierre Lebel. Five holes, SR No 16 to SR No 20, were drilled at 100…
A new junior mining policy OSC expected to approve most of
Chances are good that most of the Thompson committee’s proposals for a new securities policy for resource financing in Ontario will be approved, according to the general counsel for the Ontario Securi…
North American Metals sees production potential
The Golden Bear project near Dease Lake, B.C., is proving to be one of the more exciting exploration plays in the province. North American Metals is conducting a major underground drilling program the…
Granduc to participate in Sulphurets 1987 work
It looks like Granduc Mines will be participating in at least the first stage of the 1987 work program on the Sulphurets property in northwestern B.C. Newhawk Gold Mines and Lacana Mining have already…
Letter to the Editor Reader seeks Maybrun information
The Northern Miner has enjoyed a long-established reputation as a perceptive and informative publication, reporting activities within the Canadian mining industry. There is, however, an investigative …
Wide zone trenched on Can America bet
Encouraging gold values have been received by Can America Precious Metals on a property held under option from Cochrane Oil & Gas. Located in the Manitou Lakes area in northwestern Ontario, the proper…