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…
1989
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 …
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…
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 …
Obituary (February 20, 1989)
Henry Skowronski, well known in the diamond drilling industry where he was deeply involved in promoting safety, died Feb 10 in Rouyn-Noranda following a lengthy illness. He was 62. Skowronski was born…
Reynolds options claims
St. George Metals (VSE) has completed a joint venture agreement with Reynolds Metals Co. Reynolds will fund exploration on St. George’s Fisher gold property near Battle Mountain, Nev. The company also…
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…
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.