Spot prices at a glance (February 20, 1989)
Price Week’s ($US) Change($) Gold* 381.70 — 8.70 Silver* 5.80 — 0.08 Platinum* 526.75 — 2.50 Nickel** 8.35 — 0.04 Lead** 0.28 …
News
Kerr, Beaufield project
A diamond drilling program is under way on the Urban and Barry twps, Que., property held by Kerr Addison Mines (TSE) Minnova Inc. (TSE) and Beaufield Resources (TSE). Beaufield has the right to earn a…
Drilling resumes at Bitech project
After arranging a $1.3-million private placement, Bitech Energy Resources (ASE) has resumed drilling at the Nugget Pond gold project in Newfoundland. Bitech has so far outlined 259,396 tons of grade 0…
Noranda Exploration options Sunrise project
With the recent resurgence of interest in exploration for base metals in general and zinc in particular, Noranda (TSE) has increased its exposure to a segment of the Beaulieu volcanic belt near Yellow…
Hemlo buying more Central Crude
Hemlo Gold Mines (TSE), which is carrying out a multi-million dollar exploration-development program on the Mishibishu gold property of Central Crude Ltd. (VSE), continues to up its share interest in …
Letter to the Editor Confusing buzzwords
I think The Northern Miner should make a special effort to eliminate or clarify the meaning of certain “buzzwords” that are being used in very critical descriptions. I refer to such terms as geologic …
Cathedral adds 900,000 tons to Porcher Island reserves
Located near tidewater about 35 miles southwest of Prince Rupert, B.C., Cathedral Gold Corp.’s (TSE) 100%-owned Porcher Island gold project is rapidly moving towards the threshold of a production deci…
Iskut River road study in progress
Vancouver- based Thurber Consultants Ltd. has been selected to lead a $75,000 study of potential resource road access into the remote Iskut River area in northwestern British Columbia. The study is to…
Winter drilling at Eastmain
A final feasibility study for the Eastmain gold project in northern Quebec will be delayed until the results of a winter drilling program are integrated into the assessment, MSV Resources (ME) reports…
Petromet and partners extend zone at Rambler
Drilling has traced a zone of copper-gold mineralization down dip to a depth of 600 ft on the Rambler property. Situated in Newfoundland, the Rambler property is being explored by a joint-venture grou…
Toronto Stock Exchange Crumbling gold prices pummel gold index
The mini-rally displayed by the gold and silver index last week came to a quick death today as 95.73 pts were erased from the index, depressing it to 5847.48 pts. In prior days, traders bought in the …
Deak given right to deal Nuinsco Resources shares
Toronto-based Deak International Resources Holdings has been granted an option to deal its holding in Nuinsco Resources (TSE) to affiliate Deak International Resources. Under an agreement, Deak Holdin…