Scintilore appealing payment order
The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…
Articles by Northern Miner Staff
Clarification (April 12, 1993)
The Eskay Creek deposit, north of Stewart, B.C., has diluted (by about 27%) reserves of 1.08 million tonnes grading 65.5 grams (2.10 oz.) gold and 2,930 grams (94.2 oz.) silver per tonne, plus 5.7% zi…
Hope Brook plans copper recovery
Along with gold, the Hope Brook orebody runs about 0.2% copper. Until now the copper was discharged to the tails. However, on her last tour of inspection in early March, President and Chief Executive …
Colomac startup set for 1994
A startup at the Colomac gold project in the Northwest Territories is set for the first half of 1994, Royal Oak Mines (TSE) reports. The company hopes to complete a feasibility study by August and sta…
Cream Silver ponders claims appeal
A recent court ruling that Cream Silver Mines (VSE) is not entitled to compensation for the expropriation of its Strathcona Park claims may be appealed to the Supreme Court of Canada. President Frank …
PEOPLE — MARLAT RESOURCES (April 12, 1993)
Sakwinder Narwal appointed president and director; Nanuk Warman and Sterling Klein appointed directors. N5…
PEOPLE — GALLEON MINING
Victor Jung appointed director. N5…
Homestake seeking buyer for Golden Bear gold mine
In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…
QR permits close at hand
With environmental work largely complete, CMP Resources (ME) expects the British Columbia government will soon approve development of the QR gold deposit, 70 km southeast of Quesnel, B.C. CMP bought t…
METAL PRICES — FREE MARKET (April 05, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 30 Mar. 29 Mar. 26 Mar. 25 Mar. 24 Copper 1434-1435 1434-1436 1441-1443 1474-14…
Feasibility study for Madsen mine
Toronto junior Madsen Gold (TSE) is conducting a feasibility study on its property near Red Lake, Ont. Funds are provided by a provincial government Norfund grant and a flow-through share issue. Prove…
Falconbridge shortens summer shutdown period
Claiming that a planned 10-week shutdown at its Sudbury operations would have a negligible impact on soaring nickel inventories, Falconbridge has shortened the summer shutdown to two weeks. “Falconbri…