Minefinders completes private placement deal
Two private placement financings for a total of $400,000 have been completed recently by Minefinders (VSE) to fund its share of exploration expenses on three properties in northwestern Quebec. The fun…
Articles by Northern Miner Staff
Mining Hall of Fame welcomes 8 new members
Eight new persons were recently inducted into the Canadian Mining Hall of Fame at the organization’s second annual dinner. Lionel Kilburn was the master of ceremonies. Almost 500 guests attended the T…
Metal Prices PRODUCER PRICES (January 15, 1990)
ALUMINUM: MW U.S. Market US74.00 cents – 75.00 cents per lb. (Jan 4, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (De…
Unocal sells Obed
The Obed thermal coal mine near Hinton, Alta., has been sold to Edmonton- based Luscar Ltd. The mine was owned 93.4% by Unocal Canada, a wholly owned subsidiary of Unocal (NYSE), and 6.6% by Norcen E…
Spot prices at a glance (January 15, 1990)
Week’s Price (US) Change Gold*$405.85+$ 9.55 Silver*$ 5.27+$ 0.11 Platinum*$493.75+$17.50 Nickel**$ 3.49–$ 0.05 Lead**$ 0.34+$ 0.01 Copper$ 1.14+$ 0.04 Zinc$ 0.61–$ 0.01 Courtesy of Scotiaban…
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…
Placer Dome adopts shareholders rights plan
A “poison pill” shareholders’ rights plan has been adopted by the board of Placer Dome (TSE) to block possible hostile takeovers that do not treat all shareholders equally and fairly. Fraser Fell, cha…
Mazarin drilling at 3 properties
A $650,000 exploration program involving 25,000 ft. of drilling is under way on three properties in Quebec’s Abitibi region, Societe d’Exploration Miniere Mazarin (ME) reports. Work at the Wilco prope…
Bonanza puts second drill on East Poirier base metal property
A second drill is being deployed by Rouyn-Noranda-based Bonanza Metals (ASE) on its East Poirier zinc property south of Joutel, Que. The 14-claim property is situated about one mile east of the past- …
Placer Dome to sell oil and gas assets
By putting its oil and gas assets on the selling block, Placer Dome (TSE) has signalled that it intends to stick to its core business of mining. But the move is also giving rise to widespread speculat…