Deak Res. active at 4 properties
Four exploration programs have been started up by Deak Resources (TSE) following completion of flow-through financings. Two drill rigs are working at the Aldermac property, 10 miles west of Rouyn-Nora…
Articles by Northern Miner Staff
NovaGold production
More than 1,000 kg of metal production has come from the Murray Brook gold-silver mine, operated by NovaGold Resources (TSE) in New Brunswick. The open pit mine has been in production for four months….
Tache hold includes 36 ft. of 8% inc, plus 0.32 oz. gold
Interesting zinc-gold values have been reported by Bitech (ASE) from a recent drill hole on the Tache zinc-gold-silver project near Chibougamau, Que. Bitech is the operator and can earn a 50% interest…
Tarzan, Glen Auden
A diamond drill program has started on the Walker-Wilkie property held under option by Asarco Exploration of Canada. Asarco has the right to earn a 51% interest in the claims near Matheson, Ont., and …
Pamorex drill results revive interest in Upper Beaver mine
Some innovative geological thinking has been used to define a new, interesting-looking drill target beneath the underground workings of the old Upper Beaver mine property, near Kirkland Lake, Ont. Pam…
Chevron shuts mine
Because of the deteriorating uranium market, Chevron Resources, a unit of Chevron (NYSE), has decided to shut its Mount Taylor mine near Grants, N.M. The mine will be placed on standby with ventilatio…
More gold for Placer
With the first bullion poured at the Granny Smith mine in Western Australia, yet another producing gold mine has been added to the Placer Dome (TSE) fold. Placer’s 75.8% owned Placer Pacific has a 60%…
Gold Vessel deal
Gold Vessel Resources (ASE) has entered into an agreement with St. Genevieve Resources (TSE) to buy the latter company’s interest in the Granada gold prospect near Rouyn, Que. Gold Vessel can buy a 40…
Metal Prices (January 29, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 23 Jan 22 Jan 19 Jan 18 Jan 17 Copper 1340-1340 1369…
Vancouver Stock Exchange Kokanee helped by Sillivan-type’ find
Uncertainty about the direction of the economy is continuing to take its toll on equity markets and base metal prices. Unless some positive indicators appear soon, analysts predict a gloomy scenario o…
Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…