Inco, High River cut big intersection
The deepest hole completed by Inco Gold on the former-producing Snow Lake gold mine property has intersected 105.5 ft grading 0.25 oz gold per ton. The hole was completed at a depth of 2,880 ft. Locat…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (July 24, 1989)
1989 July 18 July 17 July 14 July 13 July 12 HIGH LOW Composite “300” 3853.35 3854.74 3849.20 3842.44 3837.44 3854.74 3353.13 Metals & Minerals 3289.11 3348.46 3371.88 33…
Keep 1872 Mining Act, says Mining Congress
The American Mining Congress has launched an aggressive campaign against proposed changes to the Mining Law of 1872. The legislation, which was introduced last month in the U.S Congress, contains eigh…
Toronto Stock Exchange Aur, Louvem hit new highs before trading
An all-day trading halt put the brakes — albeit likely just for a day — to a buying frenzy in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resources. On July 18, Aur and Lou…
Books (July 24, 1989)
Coal Resources of Canada — Published by The Geological Survey of Canada in co-operation with the Canadian Government Publishing Centre. An overview of Canada’s coal resources in terms of their potent…
Inco and Pronto increase Cochenour-Willans reserves
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE), is getting good results from an exploration program on the former producing Cochenour-Willans gold mine near Red Lake, Ont. Pronto Explorations…
INSIDER TRADES (July 24, 1989)
Black Hawk Mg — DCC Equities bought 738,916 (Mar., private) @ 29 cents to hold 5,569,440. Shiningtree — J. Acton sold 120,000 @ 30 cents to hold 111,000. A Dorfman sold 120,000 @ 30 cents to hold …
FINANCING (July 24, 1989)
Canmark Int’l Res — gross proceeds rec $240,000. Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh. British Lion Mines — gross proceeds rec $245,000. Cons Heron — 600,000 shs sold for gr…
Gold funds as of July 18
MPV BGR Central Capital Net value $11.98 $ 6.10 $0.57 Price $10.38 $ 6.00 $0.35 Discount 13.36% 1.6% 38.6% Value $71,322,699.97 …
Stewart Lake nearing graphite bet decision
An underground mining operation with annual production of 20,000 tons graphite concentrate is being considered by Stewart Lake Resources (TSE) for its Kirkham flake graphite project in eastern Ontario…
Tumbler Ridge hosts coal operator conference
The fourth Coal Operators Conference will be held Sept 13-14, 1989 at Tumbler Ridge, B.C. Papers have been solicited from operating mines and tours of the Quintette and Bullmoose operations have been …
B.C. mining companies face new profit-based tax
Starting next year, British Columbia will have a new profits-based tax system for all mines in the province producing metals, coal and industrial minerals. The new tax system consolidates four existin…