Nerco, Alta Gold open new mine
Officials of Alta Gold (NASDAQ) and Nerco (NYSE) held a dedication ceremony in early January to mark the opening of the 4,000-ton-per-day Elder Creek gold mine near Battle Mountain, Nev. The new mine,…
Articles by Northern Miner Staff
Sparton, Freewest
Sparton Resources (TSE) and Freewest Resources (ME) are starting a drill program on their jointly optioned claims near Helena Lake, 35 miles north of Fort Frances, Ont. The drill program will test a g…
GEXA, U.S. Precious Metals have Mother Lode up to speed
The first two bullion pours have been completed at the recently commissioned Mother Lode heap leach gold mine near Beatty, Nev. Opened two months ago, the open pit mine is held by a joint venture of U…
Murray Brook milestone
Four months after opening, precious metal production has surpassed one ton at NovaGold Resources’ (TSE) Murray Brook gold mine, 50 miles west of Bathurst, N.B. Since the mill startup last September, t…
COATS (over-the-counter) Carolin active
As the price of gold continues to bounce around, so do the prices of several junior gold explorers. Posting a gain of 7 cents for the week ended Jan. 23 was Carolin Mines. That company is exploring t…
FINANCING (January 29, 1990)
Multiplex Res. — min 675,000 offered @ 35 cents per sh. Rock Creek Res. — gross proceeds rec $350,000. Waterford Res. — 600,000 offered @ 40 cents per sh. Sunport Metals — opt exerc on 150,000 @ …
Taywin options project to Placer Dome
Junior company Taywin Resources (VSE) recently announced an agreement in principle with Placer Dome (TSE) involving a gold-silver prospect situated adjacent to its Electrum claims in the Zeballos camp…
New Guide for Geologists
The Ministry of Northern Development and Mines will release a comprehensive overview of Ontario’s geology to coincide with the 1991 centennial of the Ontario government’s involvement in mining activit…
Geddes to apply for permit to mine Windy Craggy copper
Geddes Resources (TSE) says it is within weeks of applying for a permit to mine the huge Windy Craggy massive sulphide deposit in northwestern British Columbia. The project could produce as much as ha…
News in Brief (January 29, 1990)
Strongbow Resources Corp. (VSE) has amalgamated with Consolidated Ramrod Gold (CYN: VSE) under the latter name. Strongbow shareholders will receive one new share for 4.867 old shares; Cons. Ramrod sha…
Goldstake tailings project moves ahead
New mine development in and around the Black Hills of South Dakota might soon be halted. But that should not affect Goldstake Explorations’ (TSE) Whitewood Creek tailings project. President Robert Cle…
Cambior offering raises $86 million
The initial public offering of Cambior (TSE) raised the gold producer almost $86 million upon the recent exercise of the warrants, increasing the company’s cash account to about $136 million. Val d’Or…