TSA forms joint venture with Teck
A joint venture involving TSA Explorations (VSE) and Teck Corp. (TSE) was formed to explore a lead-zinc-silver prospect 90 km east of Quesnel, B.C. Teck will act as operator for a 52% interest, while …
Articles by Northern Miner Staff
Low grading nickel values cut by Milestone in Manitoba
Low grade nickel-copper values have been intersected by eight shallow drill holes completed recently on Milestone Resource’s (COATS) Ore Fault claims in southeastern Manitoba. The 16-claim property, a…
Alban acquires large acreage in Carlin
Two groups of mineral properties totalling about 500 acres were recently acquired by Alban Explorations (VSE) in the Carlin Trend of Nevada. The purchase price was a total of 300,000 Alban shares and …
Placer ups stake in U.S. Gold
A wholly owned subsidiary of Placer Dome (TSE) has opted for early conversion on a $4.5-million debenture of U.S. Gold (NASDAQ). The debenture, convertible into three million common shares, was due to…
Pronto drill results
Pronto Explorations (TSE) has released drill results completed by Inco Gold on the Cochenour-Willans gold property near Red Lake, Ont. The results came from drilling completed by Inco between the 1,60…
New management at junior Cache
The new majority shareholder and manager of Explorations Cache (ME) is Corpomin Management of Montreal. Pierre Boudreault has been named president and Charlene Ross, secretary-treasurer. Forming the b…
FINANCING (November 20, 1989)
VANCOUVER Bellex Mining — gross proceeds rec $235,000. Dessir Res — 600,000 sold for gross $228,000. Goldcliff Res Corp — gross proceeds rec $240,000. Reg Res Corp — gross proceeds rec $146,946.60…
Northgate prevented by OSC from completing ABM merger
Toronto-based Northgate Exploration (TSE) has run into a potential road block en route to simplifying its complicated corporate structure and becoming an operating mining company. Last week, the Ontar…
Metal Prices PRODUCER PRICES (November 20, 1989)
ALUMINUM: MW U.S. Market US75.75 cents – 77.75 cents per lb. (Nov 2, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.60-$4.70(US) per lb. (Nov…
Individual investors will dislike the new goods and services tax
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…
Spot prices at a glance (November 20, 1989)
Week’s Price (US) Change Gold* $390.50 +$ 3.55 Silver* $ 5.37 +$ 0.10 Platinum* $510.40 +$16.15 Nickel** $ 4.54 $ 0.13 Lead** $ 0.32 …
Geological reserve estimate made for Buckhorn Mountain
Affiliated companies Crown Resources (NASDAQ) and Gold Texas Resources (VSE) recently announced a drill-indicated geological inventory of 4.3 million tons of 0.125 oz gold for the Buckhorn Mountain pr…