Vista mill results
Vista Mines (TSE) has completed a 10,000-ton bulk sampling program from its Rio gold deposit in Saskatchewan. The sample yielded an average grade of 0.12 oz gold per ton. Milling was performed at Vist…
Articles by Northern Miner Staff
FINANCING (February 20, 1989)
VANCOUVER Benz Gold Res — gross proceeds rec $112,500. Golden Sky Res — gross proceeds rec $133,400. Sleeping Gold Ltd — 600,000 offered @ 43 cents per sh. Stag Expls Ltd — gross proceeds rec $19…
Ottawa won’t guarantee key loan for Neptune
The Federal Government has decided not to back Neptune Resources’ (TSE) $150 million Colomac gold project with a $15-million working capital loan guarantee. After taking a close look at the Northwest …
Book in Review World gold mines deposits discoveries
World Gold Mines is a 2-volume worldwide reference of gold mines, deposits and discoveries in 57 countries. Also includes a classification of deposits, characteristics and descriptions for over 600 ac…
Homestake acquisition boosts exposure
Assuming it goes through, the proposed acquisition by Homestake Mining (NYSE) of Esso Minerals Canadian exploration and development properties (N.M., Jan 30/89) would “represent a major re-alignment o…
Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Earnings Reports (February 20, 1989)
Newmont Gold reports fourth quarter net earnings of $37.2 million(US) or 35 cents per share. For the period a year earlier, the company reported net income of $23.9 million or 23 cents per share. Fo…
Metal Prices (February 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 14 Feb 13 Feb 10 Feb 9 Feb 8 Copper 1645-164…
News in Brief (February 20, 1989)
Delaware Resources has changed its name to Prime Resources Corp. (PMR:VSE) on a share-for-share basis.
Moss and Power plan merger
The directors of Moss Resources (ASE) and Power Explorations (TSE) have recently retained a consulting geologist to evaluate the assets of the two companies in preparation for a possible merger. Accor…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…