VANCOUVER
Quattro Res — min 600,000 offered @ 35 cents per sh. Abstract Enter — gross proceeds rec $150,000. Golden Kristy Res — 500,000 sold for gross $200,000. Megastar Ventures — min 350,000 offered @ 35…
1989
New uranium find for Minatco Ltd.
Discovery of ore grade uranium mineralization has been reported by Minatco Ltd. at shallow depths on the Wolly joint venture property in northern Saskatchewan. The company, a subsidiary of Compagnie F…
Peopel (February 06, 1989)
HOMESTAKE MINING — Thomas H. Wong elected assistant secretary and assistant treasurer.
Cominco earnings highest ever (February 06, 1989)
Once awash in red ink, Cominco Ltd. (TSE) continued its remarkable financial turnaround again in 1988 when earnings reached the highest levels ever reported by the corporation. At $213.5 million, last…
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
ECM seeks partners on Nevada prospects
Five gold exploration properties in north central Nevada have recently been acquired by ECM Inc. The properties, located in Lander and Eureka Counties, cover a total of 52,000 acres in Nevada’s Cortez…
Ventures buying Eastmaque shares
Control of Eastmaque Gold Mines (TSE) is slowly slipping into the hands of Ventures Trident, a Colorado-based mining investment partnership. Ventures has purchased 900,000 preference shares of Eastmaq…
GEOLOGY OF THE NANISIVIK DEPOSIT
The Nanisivik zinc-lead deposit, on the northern end of Baffin Island, consists of massive sulphides within dolomite of the Society Cliffs Formation of Helikian age. Pyrite is the main mineral, but in…
50 Years Ago FEBRUARY, 1939 MAGNET BUILDS MILL
An immediate start will be made on the erection of a 100-ton mill at the Little Long Lac property of Mag- net Consolidated Mines, The Northern Miner is authorized to announce. The mill is to be in ope…
Editor’s Note GETTING THE STORY
Assistant Editor Thom Loree wants it publicly known that his hastily Aarranged departure from Nanisivik had nothing whatever to do with the cold and the howling wind. Loree had been there visiting the…
POLAR PRODUCERS FARO
Roads do indeed lead to resources. The lead/zinc mine in the Pelly River region of central Yukon illustrates this point beautifully. Were it not for the all-weather road there, the 58-million-tonne Fa…
SHIPPING CONCENTRATES
Nanisivik is accessible by ice-strengthened ships from August through mid-October. Shiploads of supplies from Montreal arrive each summer to replace dwindling inventories. An ice-breaking bulk cargo s…