Menika to test IP anomaly
A diamond drill program is being planned by Menika Mining (VSE) for its recently acquired Kamrose property on the south side of Iron Mask Batholith near Kamloops, B.C. The work program will test a por…
Articles by Northern Miner Staff
Corona plans diamond spinoff to fund Botswana exploration
Gold producer Corona (TSE) has decided to form a new company, Corona Diamonds International, to finance a major diamond exploration program in Botswana, the world’s third largest producer of the valua…
Uranerz, Jascan prepare to drill Dawson gold bet
Toronto-based Jascan Resources (TSE) says Uranerz U.S.A., a unit of West Germany’s Uranerzbergbau, has elected to proceed with more drilling on Jascan’s Dawson gold property in Colorado. Uranerz origi…
COATS (over-the-counter) Eastern gold search
At the Shamrock property in Newfoundland, Eastern Goldfields continues to search for the source of gold previously discovered in soil samples. To date, more than 4,000 grains of gold, ranging in size …
BLM Mines closes United Keno deal
Sudbury-based Bharti Laamanen Mining says its wholly owned subsidiary BLM Mines has completed the purchase of Falconbridge Ltd.’s 44.8% stake in United Keno Hill Mines (TSE). Under terms on the deal, …
NEWS IN BRIEF Welcome North Mines
Welcome North Mines Ltd. (WLN:VSE) has changed its name to Welcome North Resources Inc. (WLN:VSE) with no consolidation of capital. Transfer agent is Montreal Trust.005…
EDITORIAL PAGE Metal industry prospects in the 1990s
Just when you thought you had seen it all — the dismantling of the Berlin Wall, free elections in the East Bloc nations and an attempt at political reform in the Soviet Union — along comes power-hun…
Heightened tensions in Middle East send bullion, oil prices soaring
Increased tensions in the Middle East pushed the price of gold bullion at presstime to US$384.75 an ounce after it rose sharply from a 4-year low of US$345.50 an ounce in June. Heavy selling by Arab s…
Minerals division is top earner at Noranda
The Minerals division of resource conglomerate Noranda (TSE) captured first place in the company’s four earnings divisions during the second quarter, followed by its manufacturing, forest and energy s…
IOCC GOLD OPTIONS (August 13, 1990)
Options Open Series Volume Last Interest Aug. 370 C 316 17.00 435 Aug. 380 C 1,044 7.00 763 Aug. 390 C 1,325 2.50 1,888 Aug. 400 C 477 1.50 2,174 Nov. 370 C 409 26.50 694 Nov. 380 C 473 22.00 973 Nov….
Stimulants to the mining industry, metals
Mining is the backbone of all prosperity, a great entrepreneur once said. Not enough people realize the truth of this statement. Sir Isaac Newton’s discovery of the third law of motion, that for every…
Lyon raises financing for Costa Rican bet
A recent issue of $675,000 worth of flow-through financing will allow Lyon Lake Mines (ME) to proceed to the feasibility stage on the Beta Vargas gold deposit in Costa Rica. Lyon Lake can earn a 50% i…