FINANCING (February 20, 1989)
VANCOUVER Benz Gold Res — gross proceeds rec $112,500. Golden Sky Res — gross proceeds rec $133,400. Sleeping Gold Ltd — 600,000 offered @ 43 cents per sh. Stag Expls Ltd — gross proceeds rec $19…
News
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…
eath Steele mine in N ew Brunswick prepares to re-open
Riding the crest of a base metals price increase, Brunswick Mining & Smelting (TSE) (as operator) is about to turn a cash- draining property into a cash generator. It’s not official yet — approval fr…
Battle Mountain earnings climb 25% for the year
Higher production, slightly higher average realized gold prices, gains on foreign currency transactions and a greater return on short term investments boosted net earnings of Battle Mountain Gold (NYS…
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 …
Quartz Mountain dissent fizzles
The Supreme Court of British Columbia has dismissed an application by three shareholders of Quartz Mountain Gold (TSE) for an order postponing the company’s annual general meeting until March 6. The m…
Metal Prices PRODUCER PRICES (February 20, 1989)
ALUMINUM: MW U.S. Market $1.02- $1.05(US) per lb. (Feb 2, 1989). ANTIMONY: New York dealer $1.00 cents – $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.75-$6.85(US) per lb (Jan 26, 1989…
Bakra pulls good result from Sannorm gold project
A 61-ft intersection averaging 0.18 oz gold per ton was pulled recently from Bakra Resources’ (VSE) Sannorm property in southeastern Manitoba, the company says. The intersection was encountered by the…
Zenmac dividend
A dividend has been declared by Zenmac Zinc Ltd. (ASE) of 25 cents per share. The record date is Feb 28. The dividend will be paid in the form of a $10 convertible preferred share, paying interest of …
Underground explosion kills two at B.C mine
An underground explosion at the Sulphurets gold project north of Stewart, B.C. killed two men and injured two others. Dead are Claude Weber, a Newhawk/Granduc mine foreman and Otto Sawatsky, a Canadia…
Ottawa won’t guarantee key loan for Neptune
The Federal Government has decided not to back Neptune Resources’ (TSE) $150 million Colomac gold project with a $15-million working capital loan guarantee. After taking a close look at the Northwest …
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 …