Letter to the Editor Economic principles
For many times over the last 20 years, I have appreciated the editorials of The Northern Miner, but the one titled “Wasting our assets” (N.M., Nov 7/88) is excessively ” a propos” for all of us Canadi…
1988
Toronto Stock Exchange Nov 23 Debt and rate concerns in forefront
The markets swiftly discounted the Progressive Conservative majority victory in the Canadian election with a 66-pt gain in two sessions during our review week and before the election. The gains failed…
Editorial Added bureaucracy
Quebec Mines Minister Raymond Savoie has been openly critical of the Canadian Exploration Incentive Program, the federal government program that changes flow-through share investment benefits from a t…
Letters to the Editor Assay techniques not to be blamed
I was somewhat puzzled by statements made in your article “Calpine cuts 96 ft of 0.7 oz gold” (N.M., Nov 7/88). No doubt the folks at Calpine Resources were very gratified to see their average grades …
Noble Peak’s drill plans
Noble Peak Resources (ASE) is planning a major follow-up drill program for its Cache gold discovery made this summer in the N.W.T. Taken from the grass-roots stage to the drill discovery stage in litt…
Gamsan drilling Brabant Lake bet
Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…
Bond Gold set to expand North American output
Australian business magnate Alan Bond, with his penchant for corporate juggling and getting things moving, is well positioned to make waves on the North American gold mining scene. His company, Bond I…
Claude, Newmont pleased with Ithingo drill results
Preliminary drill results from the Ithingo Lake gold project in northern Saskatchewan have been received by partners Newmont Mines, a wholly-owned subsidiary of Newmont Mining, and Claude Resources (T…
Abermin pursues claims despite numerical odds
The dispute between Granges Exploration (TSE) and Abermin Corp. (TSE) (N.M., Sept 5/88) over the Tartan Lake gold mine has taken on a new twist. It could be an ominous one for the almost insolvent Abe…
Correction (November 28, 1988)
Flanagan McAdam Resources (TSE) was incorrectly identified as having staked some mining claims about 70 miles northwest of Chicoutimi, Que. “Nickel showing in virgin area spurs staking.” (N.M., Nov 21…
Ketza ore reserve mishap puts PTO near bankruptcy
A serious ore reserve miscalculation at the Ketza River gold mine near Ross River, N.W.T., has put Pacific Trans-Ocean Resources (TSE) in a financial quandary. A joint venture partner with Canamax Res…
Dickenson and Wharf merger called off
Recent changes in stock market conditions have scuttled the proposed merger between Toronto- based Dickenson Mines (TSE) and Wharf Resources (TSE). Although the directors of the two companies continue…