1988


Uranium Resources Signs New Sales Contract

A long term contract with a major U.S. electrical utility is expected to generate revenues of about $45 million(US) for Uranium Resources (VSE), which produces uranium in South Texas using low cost in…


Granges drilling on Giant Gripp

Drilling by Granges Exploration (TSE) on the Giant Gripp base metals deposit in Ontario has yielded one of the best intersections yet from that deposit. A Granges spokesman confirmed that the company …


Noranda Resumes Drilling of Pacquet Project

A renewed program of diamond drilling is under way on the Pacquet project in the Baie Verte Peninsula of Newfoundland. The project is a 50/50 joint venture between Noranda Exploration and Prime Capita…



Black Swan Drilling Tas Property

As long as winter holds off, Black Swan Gold Mines (VSE) intends to continue drilling the Tas property near Fort St. James, B.C. in order to test continuity of gold mineralization in three fracture an…



Blackdome earns $2 million

A net income of $2 million or 24 per share has been reported by Blackdome Mining (TSE) for the first nine months of 1988. This compares with $5.1 million or 61 for the same period a year ago. The com…


Athabasca find looks interesting

A gold discovery has been made by Athabaska Gold Resources (VSE) on its Nicholas Lake property 60 miles north of Yellowknife, N.W.T. The property is geologically similar to the old Discovery mine six …


Canaustra Gold acquires China First shares

Canaustra Gold (VSE) has agreed to acquire 1.2 million shares of China First Capital (VSE) and will receive 600,000 share warrants exercisable for one year into common shares of China First at 80 per …


FINANCING (November 21, 1988)

ONTARIO GBX Res Corp. — min 600,000 offered @ 35 per sh. Mercantile Gold Corp. — 500,000 sold for gross $250,000. Silver Lady Res Inc. — 300,000 offered @ 35 per sh. Min subscr 200,000 flow-throu…


Eskimo Point overlooked

Being a long-term resident of the Keewatin region of the Northwest Territories, specifically Eskimo Point, I am offended by The Northern Miner’s insinuation that exploration activity in our region is …


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