Belmoral interested in Wrightbar drilling
Belmoral Mines (TSE) is watching with interest the drilling program being undertaken on the southern portion of the Bourlamaque Twp. property of Wrightbar Mines (ME) in northwestern Quebec. Wrightbar,…
News
SOB demands second study for Prime/Calpine merger
In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…
Continental Pacific plans NWT programs (December 18, 1989)
After spending over $1 million on exploration this past season, Continental Pacific Resources (VSE) plans to spend a further $2 million in the 1990 season on its two key properties in the Northwest Te…
Deep drilling by Wrightbar testing base metal potential
Assay results are expected to be released this week from a 3,000-ft hole drilled to test for the depth extension of a zinc zone on Wrightbar Mines’ (ME) Bourlamaque Twp. property, east of Val d’Or. Th…
Letters to the Editor CUB tunnel borer
We appreciate your comments on the CUB tunnel borer in your Nov 27, 1989, issue. However, there is one minor error in that we hope the machine will realistically do 1,000 ft per month. If it bores 1,0…
Montreal Exchange Trading picks up
Trading volumes were higher and the market direction definitely positive for the week ended Dec 12. The general market portfolio index jumped 31.4 points during the report period and the mining and mi…
FINANCING (December 18, 1989)
Desert Gold — gross proceeds; rec $270,000. Varitech Res — min 450,000 offered @ 55 cents per sh. Golden Peaks — gross proceeds rec $218,750. Gold Summit — min 800,000 offered @ 35 cents per sh….
Editorial Determination value
Some say it is impossible to determine the value of a mineral prospect until there is a verifiable measure of mineable ore reserves. Like a car dealer tallying up the value of his business without tak…
Durham antimony closing in January
Low antimony prices have forced Dominion Explorers (TSE) to close its Durham antimony mine in New Brunswick. Employee layoff notices have been issued for a planned shutdown by the end of January, 1990…
Meridian takes option on property adjacent to Beartrack gold
American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
Ketters ti the Editor Logan Drilling
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…
McAvity still bullish on gold as Biron Bay connection shows (December 18, 1989)
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…