Vancouver Stock Exchange (July 17, 1989)
Although market activity here isn’t reflecting it yet, many brokers says investors are starting to look more favorably at gold issues. The general feeling is that interest rates are on the way down in…
Articles by Northern Miner Staff
Sussex acquires land
Sussex Explorations (ASE) has acquired a 50% interest in 108 claims near Lac des Mille Lacs, Ont. The ground covers a section of the Quetico fault, a major structural break associated with gold minera…
Regulatory delays stall McNickel’s work plans
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…
Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
Shamrock building mobile bioleach plant
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Letters to the Editor Praise for Wally Bruce, finder of Dona Lake
After reading the article on the Dona Lake gold mine (N.M., June 26/89), I realized that the only credit given to the retired vice-president exploration for Dome Mines, Mr. G. S. W. (Wally) Bruce, was…
Uruguay bet yields strong gold values
High grade gold values have been reported from grab samples on a property in southern Uruguay owned by Big Pony Gold (OTC) of Salt Lake City, Utah. Reconnaissance rock samples from the North Palacio a…
Esperanza raising funds for Tillicum
By way of a proposed flow-through private placement, Esperanza Explorations (VSE) is looking to raise between $300,000 to $500,000 for ongoing exploration of its mineral properties. The company plans …
Inel Resources to start $1-million program
A 3-phase program to include underground drilling and development is about to begin on the Inel gold property in northwestern British Columbia. Inel Resources (VSE) owns 50% of the property but can in…
Continental Precious Minerals to bulk sample Arkansas diamond
Continental Precious Minerals (ME) of Toronto is ready to begin work on its diamond claims in Arkansas after receiving financial backing for an initial bulk sample test. After arduous negotiations wit…
Production milestone at Republic gold mine
One of the highest grade ore deposits ever discovered at Hecla Mining Company’s (NYSE) Republic gold mine in Washington State was found 24 hours before the mine was to shut down in 1984. Since that ti…