Mimiska acquiring Red Lake property
A 42-claim property in the Red Lake mining camp in northwestern Ontario is being purchased by Societe Miniere Mimiska (ME). An agreement with three individuals — Michael Desmoulins, Perry English and…
Articles by Northern Miner Staff
Alberta Stock Exchange Ontex up 20 cents
Shares of Ontex Resources rose 20 cents to $1.85 during the week ended Aug. 28 as investors begin to speculate on the outcome of a trial involving the company and TSE- listed Metalore Resources. Share…
U.S. REPORT New World drilling total mounts for Noranda and Crown
Total exploration drilling has reached more than 46,300 ft. in 131 holes at the New World property in Montana, project manager Noranda Exploration, a unit of Noranda (TSE), and partner Crown Butte Res…
FUTURES PRICES (September 03, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 131.80 128.80 128.90 — 2.85 Oct 129.80 129.80 127.20 — 2.60 Nov 127.80 127.80 125.00 — SILVER (in US cent…
Goldbank busy on Goldrun Creek bet
Calgary-based Goldbank Ventures (ASE) says that field work has started on the company’s Goldrun Creek gold-silver-copper project in northwestern British Columbia. Sutton Resources (VSE) can earn a 51%…
Lots of talk but little action as Louvicourt partners mull new
St. Genevieve Resources (TSE) Chairman Pierre Gauthier recently fulfilled a promise to put a time limit on negotiations relating to the massive sulphide property east of Val d’Or, Que., of Aur Resourc…
Drilling to start at Quet prospect
A drilling program is expected to start in early September on the Quet prospect, 90 km northeast of Vancouver, B.C. Noranda Exploration, a unit of Noranda (TSE), has the right to earn a 60% interest i…
Canadian gold output in ’89 up by 900,000 oz.
Production last year from 80 primary, non-placer Canadian gold mines totalled slightly more than 4.5 million oz., up about 25% from 1988, research firm Metals Economics Group of Halifax reports. About…
Corona wins board control at stikine Res.
Minority shareholders in Stikine Resources (TSE), including Euro- Nevada Mining (TSE), provided the votes needed to place Corona (TSE) at the helm of Stikine management during a recent annual meeting….
Lower profits for B.C. mining industry
British Columbia’s mining industry recorded an all-time high of nearly $4 billion in gross sales in 1989, but an independent survey by Price Waterhouse also shows that the industry suffered a dramatic…
Low Akiko assays
Marginal assay results have been reported by Akiko-Lori Gold (VSE) from recent drilling on the company’s Catharine gold project near Kirkland Lake, Ont. The project is a 50/50 joint venture between Ak…
PEOPLE CHENI GOLD MINES (September 03, 1990)
Edwin Phillips appointed chairman of the board succeeding Malcolm Taschereau who resigned.