Acquisitor seeking exploration funds
Financing is being sought for exploration of a base-metal deposit on the south part of the Dubuisson property near Val d’Or, Que., and to develop gold-reserve tonnage in the No 5 vein area, Acquisitor…
Articles by Northern Miner Staff
U of T opens new centre for earth sciences research
The University of Toronto’s new $57-million Earth Sciences Centre, officially opened by Ontario Premier David Peterson Oct 16, will house one of the largest research facilities on the university’s cam…
Hycroft reports record gold production
Operating improvements at the Crofoot-Lewis open pit mining operations in Nevada have boosted quarterly gold production to a record high for Hycroft Resources & Development. Hycroft, a 59%-owned subsi…
Granges to close Tartan Lake
Citing weak gold prices as the primary reason for the decision, Granges Inc. (TSE) announced it will suspend operations at the troubled Tartan Lake gold mine in Manitoba. The company said operating co…
Toronto Stock Exchange Indices (October 23, 1989)
1989 Oct 17Oct 16Oct 13Oct 12Oct 11HIGH LOW Composite “300” 3904.153927.293870.744012.434008.484037.833353.13 Metals & Minerals 3527.103601.703465.753652.943662.153919.203207.50 Integrated mines 3685….
People (October 23, 1989)
CONS CHURCHILL — Steven Simony-Gindele appointed president and chief executive officer succeeding Gunter Deinert.
Westmin, Byron undertake surveys at Nation Lakes
An airborne geophysical survey to outline copper-gold targets is under way on a British Columbia property owned by joint venture partners Westmin Resources (TSE) and Byron Resources (VSE). The 10,600-…
Metals not affected by market collapse
The sudden mid-October stock market collapse and near-recovery the next trading session had little apparent effect on the precious and base metal commodity markets. Gold, silver and platinum enjoyed s…
Amalgamation simplifies Northgate group
Toronto-based Northgate Exploration (TSE) is planning to amalgamate four of its western affiliates into a medium-sized gold company capable of producing around 200,000 oz annually. By merging ABM Gold…
Mazarin funding
Two government grants totalling $500,000 have been received by Societe d’Exploration Miniere Mazarin (ME), which is developing a graphite property near Fermont, Que., near the Labrador border. The Que…
Piedmont offering raises $2.8 m(US)
Piedmont Mining of North Carolina says it has raised $2.8 million (US) for exploration purposes from a recently completed rights offering. Under the offering, 1.45 million shares were purchased by Pie…
X-Cal hits low grade
Drilling by X-Cal Resources (TSE) on the company’s Snowbird gold project is indicating improved widths at depth, the company says. Near Fort St. James, B.C., the Snowbird property hosts several gold m…