McNickel’s Lac St. Jean prospect is uneconomic
The story of McNickel Inc.’s (COATS) copper-nickel exploration project at Lac St. Jean, Que., has ended in disappointment. The McNickel discovery, which earlier this year touched off a staking rush in…
Articles by Northern Miner Staff
Scintilore Trio hit gold at Carlin bet
Anomalous gold values at shallow depths have been encountered on a group of Carlin, Nev., properties held jointly by partners Trio Gold (ASE) and Scintilore Explorations (TSE). The two companies curre…
Black Gregor cuts low gold values on Marathon property
Preliminary assay results from Black Gregor Explorations’ (COATS) 255-claim property near Marathon, Ont., have returned low- grade gold values in four of seven widely spaced holes. The company plans t…
Rogi option
An option has been acquired by Exploration Rogi (ME) of Val d’Or, Que. to acquire 28 claims in Villebon Twp. from Raymond Houle and Gustave Cere. To earn its title, Rogi must spend $100,000 on explora…
Ontario’s new Mining Act approved by legislature
Supported by all three political parties, Ontario’s new Mining Act sailed through the provincial legislature this fall gaining Royal assent on Dec 6. “After 73 years, Ontario now has a new Mining Act …
Metal Prices PRODUCER PRICES (December 18, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 30, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.50-$4.60(US) per lb. (N…
Alberta Stock Exchange Naxos again
The Naxos Resources issue continued its upward spiral, thanks to the work the company is doing on a 6,800-acre claim block in the Shumway Lake area south of Kamloops, B.C. Trading on 575,300 shares, N…
SOB demands second study for Prime/Calpine merger
In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…
CEIP incentive program is not very well understood
The federal government provides mining exploration with two major tax-related incentives. Both may be made available by mining corporations to persons who subscribe for their flow-through shares. Of t…
Westfield cashed up after asset sale
Westfield Minerals (TSE) reported net income of $5.5 million or 34 cents per share during the first nine months. During the same period last year, Westfield’s net income was $1.7 million or 12 cents …
COATS (over-the-counter) Black Gregor active (December 18, 1989)
Volume leader for the week ended Dec 12 was Black Gregor Explorations which traded 266,300 shares in the range of 50-65 cents . The junior company is drilling a 255- claim gold property 10 miles north…
Bitech options Kam Creed claims
Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…