Elliot Lake to receive $15-million financing
The area surrounding Elliot Lake, Ont., will receive $15 million from the provincial government to help diversify and revitalize its economy after a series of job losses at the community’s uranium min…
News
Great Lakes boosts interest in Michigan copper projects
Great Lakes Minerals (TSE) has acquired the right to purchase all the issued and outstanding shares of Keweenaw Copper Company (KCC), a private Michigan-based company, in exchange for 550,000 shares o…
Placer Dome buys shares of Pan Orvana
The proceeds of a recent private placement by Placer Dome (TSE) will be used by Pan Orvana Resources to carry out exploration in south-central British Columbia and north-central Washington. The progra…
Anglo completes drilling program
Having completed the first stage of exploration work on the MWF property in Matheson Twp. near Timmins, Ont., Anglo-Canadian Mining (TSE) reports a final narrow, gold-bearing intersection. Hole No. 11…
Spot prices at a glance (January 07, 1990)
Week’s Price (US) Change Gold* $392.50 + $8.75 Silver* $4.16 + $0.01 Platinum*$416.25 – $3.50 Nickel** $3.78 – $0.08 Lead** $0.28 + $0.01 Copper- $1.19 + $0.06 Zinc $0.57 Courtesy of Scotiabank. Infor…
50 Years Ago (January 02, 1990)
THE NORTHERN MINER, JANUARY, 1940 NEW DEPTHS, NEW ORE CHANCES FOR LAMAQUE Lamaque Gold Mines is preparing to sink its main No. 7 shaft from 2,000 ft to 3,600 ft below surface, The Northern Miner can a…
IN THE FRONT LINE; The Role of the Operator in Joint Ventures
It is common for one of the parties to a joint venture to have a particular wish to be the operator. This desire often arises when the party putting up the money wants to have control over how its mon…
ALASKA’S RED DOG
Contrary to what some may think, the Red Dog mine in northwestern Alaska has not been built on a grand scale — four 85-ton trucks, a couple of loaders and drills. Practically any medium-sized heap le…
BOOM BOOM
Atlas Copco Canada has an exAtensive range of 2-boom jumbos Ato suit almost any heading size. Most units can also be equipped with basket booms for bolting and/or blasthole charging, as well as a rod-…
Letters (January 02, 1990)
LEARNING THE WHOLE PICTURE All too often, the failure of a new mine is attributed to overestimating of reserves or ore grade by geologists, while success is attributed to the making of the mine by min…
GOLDEN GENESIS
The following qualifies as the most imaginative speech given this year by a company president to his shareholders. Harvey Atkin, an actor, businessman and president of Armistice Resources, delivered t…
JOHNNY MOUNTAIN GOLD
Situated 110 km northwest of Stewart, B.C., the Johnny Mountain gold mine has geological reserves of 796,000 tonnes grading 18.9 g per tonne. The gold vein deposit is owned by Skyline Gold Corp. Coppe…