Santa Cruz venture secures copper bet
The Santa Cruz joint venture of Asarco Inc. and Freeport-McMoRan Gold have purchased 2,420 acres near Casa Grande, Ariz. The companies say a portion of the acreage contains a porphyry copper deposit. …
Articles by Northern Miner Staff
Troudor exploring new Idaho gold project
Preliminary sampling of a recently-optioned property in Idaho is confirming the presence of good gold values in underground workings, according to Troudor Resources (VSE). The company recently acquire…
Second generation of miners
Even though Balmertown,Ont., is a 4- Ehour drive from the nearest city, Campbell management has never relied on itinerant miners coming to the door in search of employment. Rather than bring in unskil…
Unocal option deal
A joint venture agreement has been concluded between Unocal Canada, Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on a group of 86 claims near Timmins, Ont. Located in Michaud Twp., the propert…
Bitech takes close look at Betts Cove drilling results
After completing 6,700 ft of diamond drilling at its Nugget Pond gold property near Betts Cove, Nfld., Bitech Energy Resources (ASE) is taking a hard look at the data before deciding what to do next. …
Stephen B. Roman, 1921-1988
A Slovakian immigrant who began his working life in Canada as a tomato picker, Stephen B. Roman built one of the country’s largest mining and resource empires. That globe-spanning empire now includes,…
Newmont plans more drilling at Ithingo
Newmont Mines, a wholly- owned subsidiary of Newmont Mining, will begin an 8,000-ft drill program next month on the Ithingo Lake gold property in northern Saskatchewan. Mobilization will begin this mo…
Barrick unveils $365-million Nevada mine plan
Toronto-based American Barrick Resources (TSE) is about to embark on one of the most ambitious mine development programs ever undertaken by any Canadian gold producer. Over the next four years the com…
Roddy settles debts issue
The board of directors of Roddy Resources (TSE) has approved the settlement of debts owing to the company’s chairman, Walter Callum. Under the settlement, subject to all required approvals, Callum wil…
FINANCING (January 16, 1989)
VANCOUVER Bellwether Res Ltd — rt exerc on 175,000 @ 55 per sh. Moongold Res Ltd — 600,000 sold for gross $210,000. West Pride Ind Corp — rt exerc on 457,266 @ 66 per sh. Mishibishu Res Ltd — 1,…
COATS Trading Features (January 16, 1989)
Falconbridge Gold, a recent newcomer to COATS, saw 40,000 of its shares traded in the $3.25-$4.50 range this week. The company is spinoff of the giant Sudbury nickel miner. Augdome Corp. was up slight…
Volatile zinc prices likely to stay high
With demand strong and supply at record levels, zinc is trading at fancy prices today. The base metal, which averaged about 54 (US) per lb last year, was recently trading for 76 on the London Metal E…