Photo by The Northern Miner (November 06, 1989)
The open pit at Samatosum is located on the north slopes of Samatosum mountain at an elevation of about 1,400 m, 40 km from the town of Barriere in southern British Columbia. Harry Ewaschuk John Harve…
Articles by Northern Miner Staff
Gold, base metals figure in Teck deals with juniors
Not much noise is being made about it, but Teck Corp. (TSE) appears to be once again courting junior companies with promising exploration projects. The Vancouver-based major mining company recently en…
Placer Dome in second phase drilling at Mexican Hat
A second- phase drill program by Placer Dome U.S. is under way on the Mexican Hat bulk tonnage gold property in Cochise Cty., Ariz. Oneida Resources (VSE) began exploring the gold prospect early this …
McNickel buying copper-nickel bet in Saskatchewan
McNickel Inc. is acquiring a copper-nickel property near Gallager Lake in northern Saskatchewan. The 8-claim property is reported to host a deposit with some 1.77 million tons of material grading 0.73…
Letters to the Editor Alexanders Laing did not reneg’
I was dismayed to read your editorial regarding Alexanders Laing & Cruickshank and the exercise of their “right of withdrawal” in respect to the recent financing of Prime units (“Welshing on a bet,” N…
Hillsborough ends deal
Hillsborough Resources (TSE) has decided not to participate in a joint venture with Corner Bay Explorations, a private company, on Corner Bay’s copper property near Chibougamau, Que. The Corner Bay de…
Inside New look at Val d’Or
Val d’Or, Que., has been well worked over by gold explorationists, but its base metal potential has been largely overlooked for the past 20 years. New geological theories and new exploration technique…
Metal Prices FUTURES PRICES (November 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.95 + 1.05 Dec118.50 117.40 118.25 + 3.15 Jan116.00 114.40 115.65 -…
Major General busy in Newfoundland
Vancouver-based Major General Resources reports that a diamond drilling program has started on its Rendell-Jackman gold property held under option from Noranda Inc. (TSE) in north-central Newfoundland…
GSC Forum 90
The Geological Survey of Canada’s Forum 90 will be held Jan 15-17, 1990, in Ottawa, Ont. The theme will be the Survey’s work in the Arctic. Talks and post er presentations will follow the forum. Popul…
St. Genevieve to earn 50% in Wrightbar copper bet
A subsidiary of Montreal-based St. Genevieve Resources (TSE) has agreed to earn a 50% interest in the southern half of a Val d’Or, Que., area copper project held by Wrightbar Mines (ME). Situated in B…
Toronto Stock Exchange Senior gold issues rack up solid gains
Senior golds continued to make healthy gains, leading the composite index to a 16.97-point gain on Nov 1. The gold and silver index advanced 83 points to close at 6571.44 points — up more than 8% thi…