Asarco agrees to explore Fortune bet
Exploration for gold-bearing iron formations on the Russell Lake claims in the Northwest Territories will continue following an agreement between Asarco (NYSE) and Fortune Minerals (COATS). Asarco has…
Articles by Northern Miner Staff
U.S. REPORT Roaster facility tops design rate
A roasting facility at the Big Springs gold project in Nevada recently completed its first year operating 15% above the design rate of 1,000 dry tons per day. For the first 12 months of the operation …
FUTURES PRICES (July 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 121.20 118.50 118.60 + 4.20 Aug 119.50 118.20 118.25 + 4.15 Sept 118.70 116.20 116.75 + 3.65 SILVER (in US c…
Westfield shareholders react to management sale of assets
A change in the direction of Westfield Minerals (TSE), from a corporation with an interest in a producing gold mine to a holding company, brought a flurry of questions from shareholders at the annual …
U.S. REPORT Amax suspends deep drilling at Robertson
Unable to find the deep-seated gold deposits it had hoped to intersect at the Robertson property in northern Nevada, Amax Gold (NYSE) has suspended its deep drilling program in favor of shallow drilli…
NO HEADLINE (July 16, 1990)
TEXT: N.11 FINANCING VANCOUVER Pacific Northern Ventures — gross proceeds rec $240,000. Blue Gold Res — 800,000 offered @ 40 cents per unit. Hyder Gold — 600,000 offered @ $1.17 per unit. Auriga R…
North American gold equities are recommended
London-based brokerage house Barclays de Zoete Wedd is recommending investors focus on the North American gold sector in the short-to-medium term as opposed to Australian and South African gold equiti…
Onitap is named in Orex lawsuit
Legal proceedings have been instituted by Exploration Orex (ME) against Onitap Resources (TSE), Narex Ore Search Consultants and the president of Onitap and Narex, Karl Naert, over the Goldboro gold p…
IOCC GOLD OPTIONS (July 16, 1990)
Options Open Series Volume Last Interest Aug. 360 C 118 6.70 381 Aug. 370 C 78 2.70 596 Aug. 380 C 29 1.30 763 Nov. 350 C 47 21.50 63 Nov. 380 C 38 7.00 381 Nov. 390 C 55 5.00 351 Nov. 400 C 86 3.60 7…
Drill program starts at Cat Mountain
The area surrounding the Mt. Milligan gold- copper project north of Prince George, B.C., is expected to be a busy exploration camp this year, second only to the “Golden Triangle” in the northwestern c…
Goldpost claims
Eight claims, 320.5 acres in size, in the east-central part of Hislop Twp. in northeastern Ontario, have been sold by Holcorp Gold Mines to Goldpost Resources (TSE) for $60,000. The claims are adjacen…
Toronto Stock Exchange Indices (July 16, 1990)
July 10 July 9 July 6 July 5 July 4 HIGH LOW Composite “300” 3527.94 3540.64 3549.77 3551.28 3575.24 4009.47 334.13 Metal Mineral 3244.8 3234.2 3270.9 3257.3 3293.8 3453.06 2850.84 Integrated Mines 34…