Golden Pond options Amos nickel prospect
Tundra Gold Mines’ (VSE) affiliate, Golden Pond Resources (VSE), recently agreed to option what it regards as a promising 17,700-acre nickel property east of Amos, Que. In 1971, drilling completed on …
Articles by Northern Miner Staff
First drill hole Golden Rule releases Kaslo bet drill hole
The first drill results were released recently from a 15,000-ft. phase one drilling program on Golden Rule Resources’ (TSE) wholly owned Kaslo gold property in Saskatchewan. Kaslo is one of four proje…
Horseshoe explores Nevada properties
The first phase of a grassroots exploration program has begun on Horseshoe Gold Mining’s (ASE) Willow Creek and Hoodoo gold projects, south of Winnemucca, Nev. .THorseshoe says the proposed program fo…
Resolute seeks gold from sand and gravel
A pilot plant designed to recover heavy minerals from sand and gravel has started up in northern Italy. The plant, built by Vancouver- based Resolute Resources (VSE), will test the feasibility of extr…
Barkhor has Star drilling results
Vancouver-based Barkhor Resources (VSE) has released assay results from the first two drill holes on its Star base metal property, near Cranbrook, B.C. The company, which is seeking “Sullivan-type” ba…
Limited production at Magnacon mine
Production is continuing on a limited basis at the Magnacon gold mine in northern Ontario while operators Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) continue to seek refinancing. …
Noranda quick to buy into Australian discovery
A new and potentially large gold discovery at Karpa Spring in Western Australia has attracted the attention of resource giant Noranda (TSE) which has moved quickly to secure a stake in the project fro…
Spot prices at a glance (July 23, 1990)
Week’s Price (US) Change Gold* $360.10 + $6.40 Silver* $4.83 + $0.02 Platinum* $470.90 — $6.75 Nickel** $4.22 + $0.14 Lead** $0.39 — $0.02 Copper- $1.24 — $0.04 Zinc $0.70 — $0.10 Courtesy of Scot…
Vancouver Stock Exchange Pezim vows to quit exploration
The Vancouver Stock Exchange’s Composite and Resource indices continued their slide this week as gold held above the US$360 level. The Composite Index fell 20.27 points to 769.63 while the Resource In…
COATS (Over-the-counter) Black Gregor drilling
Investors reacted strongly to news that Black Gregor Explorations is planning a 20,000-ft. drill program on its Hemlo Gold property near Marathon, Ont. During the week ended July 10, 164,000 company s…
U.S. REPORT Amberquest option
An option agreement has been signed between Amberquest Resources (ME) and Pilot Plant Inc., which gives Amberquest the right to earn a 70% interest in Pilot’s 160-acre gold property in Nevada. To acqu…
Base metal prices remain strong while gold slumps
With prospects for the second half of 1990 clouded by economic recession, few mining analysts are calling for a spectacular new bull market to emerge this year. According to analysts of the London-bas…