Denison granted reprieve on loan
Toronto-based Denison Mines (TSE) has been granted more time to pay off a $148.4-million corporate loan facility to the Toronto Dominion Bank and Bank of America. The deadline for repayment has been e…
Articles by Northern Miner Staff
Spot prices at a glance (February 11, 1991)
Week’s Price (US) Change Gold* $360.90 — $8.85 Silver* $3.81 Platinum*$379.75 — $6.75 Nickel** $3.85 + $0.01 Lead** $0.27 Copper- $1.08 + $0.01 Zinc $0.53 + $0.01 Courtesy of Scotiabank. Information…
New plays featured at Cordilleran Roundup
Just under 2,000 delegates attended the 8th annual Cordilleran Geology and Exploration Roundup held recently in Vancouver, B.C., to hear news of the latest discoveries and exchange informationon finan…
Greenstone boosts grade
Final assays from a recent drill hole on Greenstone Resources’ (TSE) Santa Rosa gold project in Panama have produced a pleasant surprise for the company. After checking assays from hole 75, Greenstone…
New Ontario legislation targets previous owners
As described recently in T.N.M., (Jan.21/91), the Ontario Ministry of the Environment (MOE) i i th proces o servin wor order t forme owner an operator o tailing pon nea Matachewan Ont Followin heav ra…
OBITUARY Hector Monette
Hector Monette, noted mining engineer, died recently in Quebec. He was 78. Born in Montreal, Monette graduated from the Military College of Kingston in 1934 and from McGill University in 1936. Upon gr…
EDITORIAL PAGE A penny’s value
Inflation has just about whisked away the penny, if not physically then at least in terms of value. But don’t expect it to disappear quite yet; all of the new and different tax grabs (the goods and se…
IOCC GOLD OPTIONS (February 11, 1991)
Options Open Series Volume Last Interest Feb. 370 C 586 3.70 545 Feb. 380 C 1,367 1.70 2,301 Feb. 390 C 302 0.9 2,583 Feb. 400 C 863 0.50 3,476 May 380 C 244 11.50 707 May 390 C 324 8.60 515 May 400 C…
U.S. REPORT Mining industry in U.S. preparing to fight proposed
The U.S. mining industry “never before has faced as many challenges” as it does this year, according to the chairman of the American Mining Congress (AMC), Milton Ward, who also is president of Freepo…
Belmoral pulls purchase offer
Belmoral Mines (TSE) has withdrawn its offer to acquire working and ownership interests in the Magino and Magnacon gold projects, near Wawa, Ont. .TBelmoral says that current gold prices dissuaded the…
United Reef asked to clean up waste rock dumped 80 years ago
The Ontario Ministry of the Environment has asked United Reef Petroleums (TSE) to clean up a lake contaminated by mining waste rock over 80 years ago. Because United currently holds the lease on the l…
PROFILE Parduhn pioneers bacterial prospecting
In the late 1950s, the Soviets were the first to study the viability of using soil bacteria to locate ore. Since then others have followed suit. Nancy Parduhn, president of Cereus Exploration Technolo…