Suntac looks to revive Polaris-Taku mine
The Polaris- Taku mine in northwestern British Columbia which produced 230,000 oz gold from ore grading 0.47 oz from 1938 to 1951, is being evaluated by Suntac Minerals (VSE) for its potential to agai…
Articles by Northern Miner Staff
Spot prices at a glance (December 19, 1988)
Week’s Price (US) Change Gold (per oz) $419.60 -$ 5.75 Silver (per oz) $ 6.14 +$ 0.03 Platinum (per oz) $598.00 -$ 1.00 Copper (per lb) $ 1.59 +$ 0.05 Lead (per…
Initial work by Monopros suggests pipe not viable
Test work conducted by Monopros Limited at its diamond prospect in the Shellbrook area of Saskatchewan suggests the kimberlite structure found there is not economically viable. Monopros, a subsidiar…
La Fosse drilling underground at old Louvicourt mine
Earning a 10% interest in property 10 miles east of Val d’Or, Que., by carrying out underground exploration work is La Fosse Platinum (TSE). Owner of the property is COATS-listed Louvicourt Gold Mines…
Inco Gold ups investment in High River
Following the merger of High River Resources (VSE) and Nor- Acme Gold Mines (TSE), Inco Gold will be entitled to own up to 40.1% of the new company. Inco Gold’s is a wholly-owned subsidiary of Inco Lt…
Cambior to take over nova-Cogesco Res
Major Quebec gold producer Cambior Inc. (TSE) has announced a takeover bid for all of the outstanding shares of Nova-Cogesco Resources (TSE). Cambior says it will pay $1.80 per share on the condition …
Toronto Stock Exchange Massive Inco trades boost market volumes
More than 8.7 million shares of Inco Ltd. were traded today in a blizzard of action valued at more than $300 million. The immense volume, about 8.7% of the company’s issued and outstanding shares, com…
X-Cal discovers new zone at Snowbird
A new gold- bearing area called the East zone was located by X-Cal Resources (TSE) along a 1.5-km length of previously unexplored structure at its 100%-owned Snowbird gold project near Fort St. James,…
Canaustra finds sulphides on Gull Pond property
A new discovery of polymetallic sulphides has been made by Canaustra Gold Exploration (VSE) on the Gull Pond property in the Baie Verte peninsula of Newfoundland. The discovery was the result of back-…
Westgate has major plans
Westgate Mines Limited of Calgary, Alta., plans to launch a major gold development approximately 50 miles northeast of Hanes, Alaska. The property is situated on the British Columbia/Alaska border, on…
Bullish outlook for base-metal producers
Base metal prices may slip back next year from their 1988 highs if economic growth slows but they will likely remain significantly above their early-1980s lows for the period 1989-1993, London-based M…
McFinley finds new zone at Bateman Twp. project
Dogged by development problems at the Bateman, Twp., gold project near Cochenour, Ont., McFinley Red Lake Mines (TSE) finally had some good news in its recent interim report to shareholders. The compa…