Jack McOuat honored
Dr Jack McOuat of Watts, Griffis and McOuat Ltd. has been named an officer of the Order of the Sons of Martha by the Association of Professional Engineers of Ontario. The honor is in recognition of Mc…
Articles by Northern Miner Staff
INSIDER TRADES (August 21, 1989)
Anglo Canadian — R. Kemeny holds 442,801. Atlantic Inv. sold 29,000 (July @ 18 cents to hold 128,000. Black Cliff — N. Kacira bought 87,500 (July, private) @ 41 cents to hold 968,849. Cabre — G. M…
Hemlo dispute ends Court upholds decision awarding Williams gold
The largest underground gold mine in Canada belongs to Corona Corp. (TSE), the Supreme Court of Canada has ruled. The court upheld a decision rendered in 1986, which awarded the Williams mine in the H…
Spot prices at a glance (August 21, 1989)
Week’s Price (US) Change Gold*$367.60+$ 2.45 Silver*$ 5.24+$ 0.08 Platinum*$488.00+$ 4.00 Nickel**$ 5.99+$ 0.24 Lead**$ 0.32+$ 0.00 Copper$ 1.26+$ 0.09 Zinc$ 0.83+$ 0.06 Courtesy of Scotiabank. …
Alberta Stock Exchange Soocana secretive
For the second week in succession, Soocana Explorations, gained significant ground without making any announcements. Last week, Soocana advanced by 30 cents on speculation that the Toronto company ha…
Falling base metal prices may hinder Amax
Is Amax Inc. (NYSE) getting Falconbridge Ltd. (TSE) for a song or will the proposed $2.8-billion takeover handcuff Amax to a staggering debt for years to come? Much depends on the outlook for base met…
McAdam progressing at Spud Valley bet
When work on a test milling facility at McAdam Resources’ (TSE) Spud Valley gold project is completed later this month, the company says it will conduct the first test run on a surface stockpile. Rese…
Pegasus options Quartz Mountain gold project
Quartz Mountain Gold Corp. (TSE) may soon have a new joint venture partner for its Quartz Mountain gold project in Lake Cty., Oregon. The Vancouver-based company recently granted Pegasus Gold Corp. (T…
Three prospectors vend claims for $1.4 million
Anyone who has ever contemplated a prospecting venture or staked a mining claim knows the chance of striking it rich is about the same as winning a lottery. But every so often the classic story of a b…
Normetal mine nears production again
A $2.4-million private placement arranged by partners Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME) will be used to bring a silver-zinc project, near La Sarre, Que., into produ…
Stewart Lake raises funds for Kirkham graphite project
Flow-through financing worth up to $510,000 has been arranged by Stewart Lake Resources (TSE) with Equion 89-3 Resource Ltd. Partnership. Stewart Lake reports the funds will be used for continued expl…
Sample results encourage Hidden Lake Gold Mines
Several occurrences of gold bearing iron-formation have been discovered by Hidden Lake Gold Mines on a large grassroots property near Wheeler Lake in the Northwest Territories. The 22,000-acre propert…