Claude awaits final feasibility for Seabee bet
Results of an underground exploration program on the Seabee gold deposit in northern Saskatchewan have been incorporated in an updated reserve report which will form part of the soon-to-be-completed f…
Articles by Northern Miner Staff
Drilling hits copper on Cons. Abitibi bet
The presence of significant copper mineralization was confirmed recently by drilling on two properties that tie on to the Aur Resources (TSE), Societe Miniere Louvem (TSE) joint venture at Louvicourt …
IOCC GOLD OPTIONS (May 14, 1990)
Options Open Series Volume Last Interest May 360 C 51 12.00 104 May 380 C 715 1.60 1,466 May 390 C 159 0.50 1,097 Aug 370 C 43 15.00 95 Aug 390 C 25 8.00 589 Aug 400 C 110 5.50 1,509 Aug 410 C 50 2.80…
GOLD FUNDS (May 14, 1990)
MVP BGR Central Capital Net value $10.68 $5.77 $0.36 Price $9.125 $5.750 $0.17 Discount %14.56% %0.3% 53% Value $63,606,200 $96,739,725 N/A…
Corrections (May 14, 1990)
Some incorrect information was reported recently by Aur Resources (TSE) with respect to the location of hole 78H at its Louvicourt Twp. joint venture with Societe Miniere Louvem (TSE) near Val d’Or, Q…
Toronto Stock Exchange Indices (May 14, 1990)
May 8 May 7 May 4 May 3 May 2 HIGH LOW Composite “300” 3437.97 3421.51 3367.84 3346.68 3340.34 4009.47 3334.13 Metals & Minerals 3011.50 3002.77 2940.23 2922.54 2907.69 3453.06 2850.84 Integrated Mine…
Rea reports mixed results
Although a loss was reported for the year ended Dec. 31, Rea Gold (TSE) reached profitability in the first quarter of 1990. The company reported a loss of $2 million or $0.16 per share for the year en…
PEOPLE (May 14, 1990)
OREGON RESOURCES — Douglas Good appointed president succeeding Frank Baumann who has resigned; Bernard Poznanski appointed director succeeding James McDougall who has resigned.
Low base metal prices hurt Hudson Bay Mining
Hudson Bay Mining and Smelting has become yet another victim of lower base metal prices in the first quarter of 1990. Despite an increase in nickel, copper and zinc production, Hudson Bay’s first- qua…
Collapse of Echo Bay deal has Flanagan group scrambling
A cloud has been cast over the Toronto-based Flanagan McAdam group of gold mining companies following the recent collapse of a property-share swap agreement with Echo Bay Mines (TSE). The surprise dec…
Breakwater acquires two new properties
By spending $1 million on exploration over the next 10 years, Breakwater Resources (TSE) has the option to earn a 70% interest in 35 claims within the Blake River group of volcanic rocks that host the…
Spot prices at a glance (May 14, 1990)
Week’s Price (US) Change Gold* $369.70 — $0.80 Silver* $5.00 + $0.00 Platinum* $476.25 — $0.50 Nickel** $4.04 — $0.27 Lead** $0.37 + $0.01 Copper- $1.31 + $0.04 Zinc– $0.84 + $0.05 Courtesy of Sco…