FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…
Articles by Northern Miner Staff
Atlanta plans to issue shares to replenish working capital
Subject to regulatory approval, Atlanta Gold (TSE) will complete a private placement of 1.25 million shares at $1 per share to two European investors. The placement also includes 1.25 million non-tran…
Alcan smelter
Startup of the Laterriere aluminum smelter at Chicoutimi, Que., was recently resumed by Alcan. Phase one should be fully operational by April 11, the company says; startup of the second phase will the…
CALENDAR (April 02, 1990)
May 6-10, Ottawa, Ont. 92nd Annual General Meeting of the Canadian Institute of Mining & Metallurgy. At the Westin Hotel and the Ottawa Congress Centre. Theme: Resources in Transition — Toward 2001. …
Norgold to test Arizona gold belt
A drill program by Norgold Resources (VSE) is about to begin on the 100% owned General Grant gold project, some 70 miles northwest of Phoenix, Ariz. Situated in a known mineral belt, the 2,600-acre pr…
News in Brief (April 02, 1990)
Candela Resources (CDD:VSE) has changed its transfer agent to Central Guaranty Trust Co.
Spot prices at a glance (April 02, 1990)
Week’s Price (US) Change Gold* $373.30 — $16.6 Silver* $5.00 — $0.05 Platinum* $474.20 — $12.55 Nickel** $4.27 + $0.39 Lead** $0.42 — $0.07 Copper- $1.15 + 0.05 Zinc $0.75 + $0.05 Courtesy of Scot…
PRODUCER PRICES (April 02, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…
Montreal Exchange Fontana strike
The partners in the Fontana gold project northwest of Val d’Or, Que., announced another encouraging drill intersection: 125 ft. of (uncut) 0.51 oz. gold per ton. The strike, they say, was along a wedg…
Aur to complete 20,000 ft program at Louvicourt bet
A new $3-million surface exploration program is under way after a short delay at the massive sulphide discovery, east of Val d’Or, Que., of Aur Resources (TSE) and Societe Miniere Louvem (TSE). “Our o…
Sphinx project
A small heap leach project near Amos, Que., is set to resume operation in early May after a winter break, Sphinx Mining (ME) reports. Last autumn the company extracted a 40,000-ton bulk sample from on…
Alaska placer mines yield 297,900 oz., best year since ’42
Placer and lode mines in the state of Alaska collectively turned out 297,900 oz. gold in 1989, the highest amount produced since 1942. The precious yellow metal was also the most valuable mineral comm…