Samatosum beats recoveries made during tune-up
Higher grades and concentrate recoveries are being reported for the Samatosum polymetal mine operated by Minnova (TSE) near Kamloops, B.C. Sized at 550 tons per day, the Samatosum mine started commerc…
Articles by Northern Miner Staff
Improved data for Explorationists
The Ministry of Northern Development of Mines of Ontario is preparing a province-wide magnetic grid that will provide the base for a wide range of improved aeromagnetic data for use by mineral explora…
Lixor acquires Orleans option
An option to acquire a 50% interest in 18 claims in Courville Twp. in northwestern Quebec has been acquired by Lixor (ME) from Ressources Orleans (ME). The option sold to Lixor was initially granted…
Queries Gordex Minerals no longer trading
Can you tell me what is happening with Gordex Minerals? I notice the shares have not traded since last summer and there has been no news from the company either. R.G., Montreal, Que. Financial proble…
Entertaining ways of European metal users
Selling Canadian metals in Europe does not sound too enthralling but the personalities you meet and the meals and conversation are sometimes unforgettable. Several times a year, at about 6- to 8-week …
Moss, Power merge
An amalgamation agreement has been signed between Moss Resources (ME) and Power Explorations (TSE) to form Moss-Power Resources (TSE). Under the terms of the agreement, which requires shareholder appr…
Bunker Hill surpasses 2,000 tons per day
At a time when many other base metal producers are paring back production or closing operations outright, Bunker Hill Mining (TSE) is continuing efforts to increase throughput. Production at the compa…
Ontario to lift part of Cobalt-area land caution
The Ontario government recently announced it has reached an agreement with the Bear Island Indian Band clearing the way for mineral exploration of 1,100 sq. km of land that has been frozen to explorat…
Monique financing (February 05, 1990)
Monique Exploration (ME) has entered into a financing agreement with La Societe en Commandite Monique II worth $250,000, the proceeds to go toward mineral exploration. Monique will issue 250,000 commo…
Toronto Stock Exchange Indices (February 05, 1990)
1989 Jan. 30Jan. 29Jan. 26Jan. 25Jan. 24HIGH LOW Composite “300”3707.003722.523733.723749.353761.464009.473707.00 Metals & Minerals3048.703056.643064.413071.853068.443453.053048.70 Integrated mines…
Montreal Exchange Market retreats
Volatile financial markets had a negative impact on the Montreal Exchange during the week ended Jan. 30. The price of gold advanced at the beginning of the report period, then backed off. Both the mar…
Minnova to explore Rainbow project
The Rainbow property in the Greenwood mining camp of southern British Columbia will be the subject of a 60% earn-in by Minnova (TSE). The company is earning the interest from Kettle River Resources (V…