Metal Prices FREE MARKET (December 24, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 18 December 17 December 14 December 13 December 12 Copper 1288-1289 1294-12…
Articles by Northern Miner Staff
Orex, Onitap reach agreement on suit
A legal dispute related to the Goldboro gold project in Nova Scotia has been settled out of court by Onitap Resources (TSE) and Exploration Orex (ME). (T.N.M., Dec. 17/90. Orex, which initiated the le…
U.S. REPORT Atlas drops into red in first quarter
A drop in both the price of gold and production levels help to explain a loss of US$688,000 for Atlas (NYSE) in its first quarter ended Sept. 30. The results compare to a net income of US$607,000 in t…
FINANCING (December 24, 1990)
Vaalco Energy Inc. — 38,333,333 shs offered @ 60 cents per sh. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per sh.
LETTERS TO THE EDITOR Students voice concern over new Mining Act
We are mature students attending, for various personal and career reasons, a course in prospecting at George Brown College’s St. James Campus, Toronto, Ont. We would like to inform Ontario’s Mines Min…
U.S. REPORT Noranda to explore Blue Dog
Ongoing exploration of the Blue Dog gold project near Weiser, Idaho, is to be managed by a unit of Noranda (TSE) under the terms of a recent agreement-in-principle with Gold Canyon Resources (VSE). Sh…
LETTERS TO THE EDITOR Continental drift
I was delighted to see your coverage (Dec. 3/90) of a new contract for Watts, Griffis & McOuat in the Republic of Yemen. Despite certain geologic connections, you should be aware that Yemen is not in …
James ready to cut costs in order to save Denison
Just two months short of his 62nd birthday, former Falconbridge Ltd. chairman Bill James has taken on what could be the biggest challenge of his career. After accepting an invitation to 0000,0509 beco…
Tulsequah Chief hole fails to cut H Lens mineralization
Hole 90-29 on the Tulsequah Chief property was drilled into footwall andesite and stopped at a depth of 2,635 ft. without encountering H Lens mineralization. The Tulsequah property is in northwestern …
Followup drilling for Rock and Roll bet
Partners Eurus Resource (VSE) and Thios Resources (VSE) are planning a second phase of drilling on their promising Rock & Roll massive sulphide prospect in the Iskut River camp of northwestern British…
Toronto Stock Exchange Indices (December 24, 1990)
Dec. 18 Dec. 17 Dec. 14 Dec. 13 Dec. 12 HIGH LOW Composite “300” 3236.89 3232.97 3244.22 3252.56 3252.54 4009.47 3009.91 Metals & Minerals 2756.20 2758.70 2783.70 2782.90 2803.41 3453.06 2502.63 Integ…
EDITORIAL PAGE Christmas gifts for all
Like many in the mining industry this Christmas, our shopping list is shorter and a little more frugal than it has been for the past half decade. But even though we can only offer best wishes to many …