Cominco Resources profits from Buckhorn
For the first nine months of Cominco Resources International’s 76.4% ownership of the Buckhorn gold mine in Nevada, its share of income from the heap leaching operation was $5.3 million. The company’s…
Articles by Northern Miner Staff
Armistice tries to copy Kerr mine next door
A 2-3-year shaft-sinking and drilling program is under way here on a gold property optioned by Armistice Resources to determine the existence of ore deposits similar to those on the neighboring Kerr A…
Bull market over for copper?
Has the bubble burst for copper, or is the bull market for the base metal experiencing a temporary lapse? Reaching a spot price on the New York Commodity Exchange of $1.46(US) per lb at the end of las…
Goldteck drills high grade
Several encouraging assays have been received by Goldteck Mines from the company’s Stairs property, west of Matachewan, Ont. In the G-9 zone, located 2,000 ft east of the shaft, drilling intersected a…
Continental on ME
Incorporated in 1956 (as Continental Utilities Ltd.) in Alberta and initially in pipeline engineering design and feasibility studies related to natural gas distribution franchises, Continental Researc…
Placer Dome options Sturgeon River bet
Placer Dome Inc. has optioned the Sturgeon River gold property from Phoenix Gold Mines. Located near Beardmore, Ont., the Sturgeon River property produced 73,332 oz of gold between 1936-1942. Placer D…
Second drill working at Abitibi prospect
A second drill is now working on the Jolin gold property in northwestern Quebec, where encouraging results were obtained from the initial 10 drill holes, Abitibi Metals Mines reports. The company says…
TIMMINS REPORT Kidd Creek completes new silo
Work is nearing completion on a new cement silo at the Kidd Creek Mines minesite 15 miles north of Timmins city centre. Eric Belford, vice-president mining for the Falconbridge Ltd.-owned company, say…
Editorial Use it or lose it
There’s a fellow in the U.S. who has staked mining claims on Mars. Putting aside the question of under what jurisdiction those claims would be filed, in Canada a basic tenet of gaining mineral rights …
Montreal Exchange Seniors active, lower
It was a big week for senior issues on the Montreal Exchange, but probably not one they would like to remember. Most suffered price declines ranging from marginal to major. Placer Dome was the most ac…
Erratic grades at Ego
Drilling by Ego Resources on the West Main property near Wawa, Ont., has encountered erratic gold values. Grades ranged from 1.2 oz gold per ton across one ft to 0.12 oz in a 19-ft section. Assaying o…
Rex Silver taken to task by the Vancouver Exchange
The Vancouver Stock Exchange has taken exception to statements made by Rex Silver Mines about its Scoria property in northern Arizona. The vse has refused to accept filings or disclosures from any lis…