Photo by The Northern Miner (November 06, 1989)
The open pit at Samatosum is located on the north slopes of Samatosum mountain at an elevation of about 1,400 m, 40 km from the town of Barriere in southern British Columbia. Harry Ewaschuk John Harve…
1989
Letters to the Editor Already in place
Your editorial of Oct 9 argues persuasively that tax legislation should be amended to ensure equitable treatment of mine reclamation costs. You may be interested to know that legislation passed in Bri…
Gold, base metals figure in Teck deals with juniors
Not much noise is being made about it, but Teck Corp. (TSE) appears to be once again courting junior companies with promising exploration projects. The Vancouver-based major mining company recently en…
Placer Dome in second phase drilling at Mexican Hat
A second- phase drill program by Placer Dome U.S. is under way on the Mexican Hat bulk tonnage gold property in Cochise Cty., Ariz. Oneida Resources (VSE) began exploring the gold prospect early this …
Zinc, copper prices boost Cominco earnings
Higher prices for zinc and copper brought about an increase in unaudited consolidated earnings for Cominco Ltd. (TSE) during the first nine months of 1989. The company reported earnings of $175.5 mill…
Belmoral, Aur sign milling deal
A custom-milling agreement has been signed between Belmoral Mines (TSE) and Aur Resources (TSE) whereby the former will mill all gold ores produced from Aur’s Kierens and Norlartic projects for four y…
Treminco to test mine NWT gold bet
As soon as permitting is in place, Treminco Resources (TSE) plans to begin test mining the Crestaurum gold property 15 miles from its Ptarmigan gold mine in the Northwest Territories. The company rece…
Montreal Exchange Hot Freewest results
Exploration news from the Harker-Holloway gold area of northeastern Ontario sparked heavy trading in the shares of Freewest Resources, a junior involved there in a joint venture with Noranda Inc. (and…
IOCC GOLD OPTIONS Options Open SeriesVolumeLastInterest Nov 360 C
01,263 ** Feb 380 P 16210.001,582 ** ** May 380 P 101 8.50 178 ** The New York closing gold price was $374.20 per oz. Last quotations for IOCC gold options…
LAC to gain from BIG’s exploration potential
Promising exploration potential is one major asset Bond International Gold (TSE) will have to offer its new controlling shareholder LAC Minerals (TSE) of Toronto. According to broker Shearson Lehman H…
Letters to the Editor Alexanders Laing did not reneg’
I was dismayed to read your editorial regarding Alexanders Laing & Cruickshank and the exercise of their “right of withdrawal” in respect to the recent financing of Prime units (“Welshing on a bet,” N…
Placer Dome options Dufresnoy property
A letter of intent has been signed between Dufresnoy Inc. (ME) and Placer Dome (TSE) whereby the latter may earn a 50% interest in the former’s New Bidlamaque Union Mining property just east of Val d’…