COATS (over-the-counter) New Holloway zone
Noranda has discovered a new gold-bearing structure on the Holloway gold property near Matheson, Ont. Infill drilling on the claims it shares with Freewest, Noranda intersected grades of up to 0.42 oz…
Articles by Northern Miner Staff
FUTURES PRICES (June 04, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 118.00 114.50 115.00 — 4.50 July 115.80 112.30 112.50 — 3.65 Aug — — 109.30 — — SILVER (in US cents pe…
Correction (June 04, 1990)
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…
U.S.REPORT Copper Range buys mill section for mine
For US$4 million, Copper Range Mining has purchased a 6,000-ton- per-day mill section from Round Mountain Gold. Copper Range is a unit of Metall Mining (TSE), while Round Mountain is a subsidiary of E…
Vior partners set to begin new drilling phase at Douay
The partners involved in the Douay Twp. gold discovery near Casa Berardi, Que., are preparing to launch a new drilling program to look for an extension of a mineralized zone that yielded 59.3 ft. of g…
Toronto Stock Exchange Indices (June 04, 1990)
0701,0205,0205,0205,0205,0205,0205,0205, May 29 May 28 May 25 May 24 May 23 HIGH LOW Composite “300” 3524.20 3498.68 3494.69 3510.57 3519.40 4009.47 3334.13 Metals & Minerals 3125.31 3070.48 3061.95 3…
Unexpected developments affect Audrey earnings
Some unexpected developments at Audrey Resources’ (TSE) Mobrun polymetallic mine near Rouyn-Noranda, Que., contributed to an unprofitable first quarter for the company. Audrey reported a net loss of $…
New uranium deposit found in Saskatchewan
A new high-grade uranium discovery has been confirmed by Cameco on its 44% owned McArthur River joint venture project in the Athabasca Basin of northern Saskatchewan. The discovery is about 70 km nort…
Mine closure means loss for Bachelor
The closure of their mine and mill in Desmaraisville, Que., has hurt Bachelor Lake Gold Mines’ (TSE) 1989 financial results. Producing for only half of the year, Bachelor reported a net loss of $3.4 m…
Southern to finance Chester development
With a commitment to spend $6 million on exploration and development over a 3-year period, Southern Arizona Mining and Smelting (COATS) says it intends to form a joint venture with Gold Bar Resources …
Cambior teams up with Golden Star on Guyana project
Edmonton-based Golden Star Resources (ASE) has recently gained Cambior (TSE) as its new joint venture partner on the Omai gold project in Guyana, South America. Golden Star’s previous partner had been…
PRODUCER PRICES (June 04, 1990)
ALUMINUM: MW U.S. Market US72.50- 74.50 cents per lb. (May 17, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.05-4.15 per lb. (May 17, 1990). CAD…