Addwest option
An option to acquire Addwest Gold has been assigned by Magma Copper (Amex) to Canyon Resources (NASDAQ). The option involves a purchase price of $33 million(US) plus certain contingent payments. Addwe…
Articles by Northern Miner Staff
Metal Prices (October 23, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 10 Oct 9 Oct 6 Oct 5 Oct 4 Copper 1835-183…
FINANCING (October 23, 1989)
ONTARIO Whisper Lake Res — final rec iss offer 2,250,000 @ 40 cents per sh to net $556,312.50 CopperQuest — final rec iss offer 1,500,000 @ 21 cents per sh to net $300,000 VANCOUVER Black Rock Ne…
Managing Canada’s Mines Service is what separates leaders from the
Intimately associated with Saskatchewan’s big and fascinating potash mining industry since 1964, W. H. Eatock knows it like a book. Now general manager of Allan Potash Mines, he joined that 0000,0600 …
Spot prices at a glance (October 23, 1989)
Week’s Price (US) Change Gold*$368.10+$7.70 Silver* $5.13+$ 0.08 Platinum*$487.00+$ 6.70 Nickel**$ 4.71–$ 0.01 Lead**$ 0.35+$ 0.02 Copper$ 1.32+ 0.02 Zinc$ 0.75–$ 0.01 Courtesy of Scotiabank. In…
Aur, Louvem dispute makes operator status unclear at Louvicourt
Aur Resources (TSE) President Jim Gill recently attempted to downplay the effects that a legal dispute with partner Societe Miniere Louvem (TSE) could have on future development of their massive sulph…
Mining issues suffer during market debacle
The typhoon lashing the financial markets is making sure the metals sector is not ignored. Although metals prices have remained essentially unchanged following the Friday the 13th debacle in New York …
Vancouver Stock Exchange Confidence restored after mini crash
The Vancouver Stock Exchange rebounded swiftly after the October, 1989, mini market crash that began ominously enough on Friday 13th as a broker’s worst recurring nightmare. But after sweating out the…
Airborne surveys in northern Ontario
Airborne geophysical surveys, which provide a cost-effective method of covering large, inaccessible areas, have started in northern Ontario. The Shining Tree, Batchawana, North Swazye/Montcalm Twp., S…
Brex to acquire graphite property
An option agreement has been signed by Exploration Brex (ME) to allow it to acquire a 100% interest in a graphite property in Preston Twp., about 12 miles from Mont- Laurier, north of Montreal. Brex r…
Project pipleine’ key to growth
A mere six years ago, three of the gold mining companies represented at the Goldman, Sachs mining seminar here did not exist. That point, made during a panel discussion by Ned Goodman, chairman and f…
Dolly Varden drilling confirms base metal potential
Results from a series of new drill holes on the Dolly Varden properties near Stewart, B.C., has Dolly Varden Minerals (VSE) planning a substantial drill program to further test the property’s potentia…