American Ore begins exploration at Iskut
American Ore (ASE) has begun its exploration program on the Iskut joint venture property equally owned by American Ore, Golden Band Resources (VSE) and Prime Resource Corp. (VSE). The property is loca…
Articles by Northern Miner Staff
Drilling completed on 007 gold property
Vancouver-based 007 Precious Metals (VSE) has completed a 10-hole drill program on its Rainbow Island property at Sturgeon Lake in northwestern Ontario. The shallow drill program tested known gold-bea…
Fleck seeks partner
Fleck Resources (VSE) is seeking joint venture offers for its Dunka Road base metals deposit in Minnesota. An in-house reserve estimate concludes the deposit hosts 170 million tons of material grading…
Lower Silver, gold prices hurt Callahan’s first half
Lower silver and gold prices brought about a 1989 first-half loss for Callahan Mining Corp. (NYSE). The Arizona-based company produces silver from the Galena and Coeur mines in Idaho, and gold from th…
COATS (over-the-counter) Bonanza active
Rouyn-Noranda-based junior Bonanza Metals has just completed a $768,000 financing and is set to launch a 30,000-ft drilling program next week on the former producing Poirier zinc-copper mine, near Jou…
Earnings up 27% for M.A. Hanna
Net income from operations for M.A. Hanna (NYSE) reached a record level of $20.9 million(US) or 74 cents per fully diluted share in the quarter ended June 30. The Ohio-based company said this represe…
Earnings Report (August 07, 1989)
Teck Corp. (TSE) recorded a net earning of $25 million or 31 cents per share in the quarter ended June 30. In the same quarter of last year Teck’s earnings were $20.9 million or 26 cents per share. R…
Nuclear fuel conference
The International Conference on Nuclear Energy will be held Oct 15-17, 1989 in Charleston, S.C. Nuclear fuel production, inventories, supply and price trends will be among the topics of discussion.
Newhawk drilling hits high grade zone on Sulphurets
Underground drilling and sampling by Newhawk Gold Mines (TSE) has intersected high grade gold and silver values over appreciable widths in a newly- discovered zone on the Sulphurets project in northwe…
Silidor partners plan 1990 opening
The joint venture Silidor gold project three miles west of Rouyn- Noranda, Que., is scheduled to enter production in January, 1990. Partners Noranda Minerals, Cambior Inc. (TSE) and Nova-Cogesco Resou…
Second leach pad for Coral Gold
By bringing on stream a second and much larger heap leach facility at the Robertson gold mine in Nevada, Coral Gold Corp. (TSE) is aiming to reach an annualized production rate of 40,000 oz by the end…
Gowest, Texmont drilling Tully find
A major drilling program is expected to get under-way this year at the Gowest Amalgamated Resources (ASE), New Texmont Explorations (ASE) gold property at Tully Twp. north east of Timmins, Ont. Plans …