Newhawk drill hole really high grade
A spectacular drill hole has been reported from the UTC zone at Newhawk Gold Mines (TSE) Sulphurets property north of Stewart, B.C. The zone was discovered earlier this year during a deep test in the …
Articles by Northern Miner Staff
INSIDER TRADES (November 07, 1988)
Borealis — R. Cox sold 35,800 (Sept) to hold 111,936. Brenda — Noranda bought 72,000 to (Sept) hold 2,412,020. Campbell Res — R. Lister bought 2,435 (Sept) to hold 441,627. Cominco — Teck bought 1…
Cominco Resources’ Gold Projects Advance
Ore reserves were increased on two gold projects, and a feasibility study started on a third, reports Cominco Resources International (TSE) in a review of operations for the nine months ended Septembe…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Golden Rule drilling intersects high grade at Weedy Lake project
Recent drilling on Golden Rule Resources’ (TSE) Weedy Lake property located in the La Ronge belt of northern Saskatchewan has returned more high grade gold intersections. Two holes were drilled to tes…
New coal company
A reorganization and amalgamation of Manitoba and Saskatchewan Coal (1984) and Bienfait Coal has resulted in the formation of a new company, Estevan Coal Corp. Headquarters of the new company will be …
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Bitech high grade
The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove are…
Placer Dome’s big cash position fuels rumours of acquisition
The sale by Placer Dome (TSE) of its interest in Falconbridge and McIntyre Mines in August boosted the company’s cash position to $764.5 million as of Sept 30. And that huge treasury has promoted spec…
Honduran Mine Boosts Earnings for American Pacific
Even though gold projects continue to dominate the mining scene, they are no longer the only game in town as evidenced by base metal producers waving healthy financial statements from operations once …
Metal Prices PRODUCER PRICES (November 07, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.095 per lb. (Oct 20, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Y…
FINANCING (November 07, 1988)
ONTARIO Montval Res — final rec iss offer 430,000 @ $1.30 per sh to net $279,000. Rave Res Inc — final rec offer 250,000 @ $1.50 per sh to gross $206,250. Turbo Res — final rec iss offer 80,000,000…