Westfield on tract at Choquelimpie mine
Full commissioning of the Choquelimpie gold-silver mine in northern Chile has been achieved by partners Westfield Minerals (TSE) (35%), Shell Chile (42%) and Citibank N.A. (23%). By the end of the sec…
Articles by Northern Miner Staff
Wrightbar directors oppose amalgamation with Belmoral Mines
The proposed amalgamation of junior company Wrightbar Mines (ME) with Belmoral Mines (TSE) appears to have entered troubled waters. Wrightbar reports three of the company’s five directors have indicat…
Bid anticipated for Kerr copper-gold deposit
The “for sale” sign posted on the Kerr copper- gold project near Stewart, B.C., has piqued the interest of at least 26 major mining companies. Earlier this summer Western Canadian Mining Corp. (VSE) r…
Base-metal find in Yukon excites Lenora president
A potential zinc-lead-copper find in the Yukon near the Faro mine has the president of Greater Lenora Resources (TSE) excited. “We’ll be drilling in two weeks (by the end of August). Tenders are out r…
Gold funds as of August 22
MPV BGR Central Capital Net value $11.71 $ 5.94 $0.57 Price $10.00 $ 5.75 $0.35 Discount 14.60% 3.2% 38.6% Value $69,723,231 $99,9…
Inter-Globe gambling on Nevada vanadium bet
Vancouver-based junior Inter- Globe Resources (VSE) is hoping positive metallurgical test results will be obtained for its Gibellini vanadium deposit near Eureka, Nev. The company recently completed 1…
Moneta reports results from Michaud project
Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) recently released interim assay results from the Michaud Twp. gold project 65 miles east of Timmins, Ont. A summer drill program on the property em…
INSIDER TRADES (August 28, 1989)
Agnico-Eagle — Mentor Expl (amended, Feb.) holds 2,194,012. Altex — Pan West Res. sold 10,400 (July) @ $3.10 to hold 229,357. Atlantic Goldfields — Kash Inv. bought 692,300 (July, private) @ 57 cen…
Westmin to joint venture SB project with Tenajon
Recent negotiations between Westmin Mines (TSE) and Tenajon Resources Corp. (VSE) have culminated in an agreement whereby Westmin is to spend $2.4 million to explore, develop and bring to production T…
Editorial Shoddy sales tax scheme
You have to wonder about Michael Wilson and his proposed Goods and Services Tax. It seemed like an idea whose time had come. The existing retail sales tax was long overdue for an overhaul and, in ge…
Trader’s battle with Elder appears far from settled
A visitor to Trader Resource Corp.’s (TSE) recent annual meeting in Toronto could have been forgiven for thinking he had stumbled upon a gathering of the local law society. Lawyers almost outnumbered …
Ramp nears target at Eagle River bet
An underground ramp into the main gold zone on Central Crude (TSE) and Hemlo Gold’s (TSE) Eagle River joint venture property near Wawa, Ont., will reach its objective this month. The 1,750-ft decline …