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. …
Articles by Northern Miner Staff
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…
News in brief Arthurian Resources Ltd.
Arthurian Resources Ltd. (ATU:VSE) has increased its authorized capital from 10 million to 200 million shares without par value.
Montreal exchange New lens at Mobrun
Drilling underground at the Mobrun mine just north of Rouyn- Noranda, Que., Audrey Resources and partner Minnova have discovered a new massive sulphide lens, the “C” lens, at a depth of 2,115 ft. Inte…
Bellex, Quattro focusing on Galore Creek copper
A porphyry copper-gold prospect in the Galore Creek camp of northwestern British Columbia is providing an exploration focus this season for joint venture partners Bellex Mining (VSE) and Quattro Resou…
Ivany denies asking for Eskay assay
Securities lawyers representing John Ivany at a hearing in front of the British Columbia Securities Commission appear to have adopted a strategy aimed at distancing Ivany from his associates, Murray P…
Gigi to drill Galore Creek bet
With Prime Equities as operator, Gigi Resources (VSE) is about to start its 1990 work program at the Trophy gold project in the Galore Creek region of northwestern British Columbia. Gigi can earn a 55…