Correction (October 09, 1989)
Contrary to information published in The Northern Miner last week, a recent report indicating that hole 58 has added 3.8 million tons to the reserve potential at Aur Resources (TSE) and Societe Minier…
News
Spot prices at a glance Week’s Price (US) Change
Gold*$366.05–$ 3.25 Silver*$ 5.23–$ 0.06 Platinum*$491.70+$ 1.70 Nickel**$ 4.89–$ 0.10 Lead**$ 0.34+$ 0.00 Copper$ 1.30+$ 0.04 Zinc$ 0.76+$ 0.01 Courtesy of Scotiabank. Information above believe…
Glamis tallies year-end loss
Despite record gold production of 29,248 oz, Glamis Gold (TSE) reported a net loss of $5.2 million or 32 cents per share on revenues of $14.05 million for its 1989 fiscal year ended June 30. In its p…
Yearn for metals built our civilization
Headings such as Bronze Age and Iron Age that measure our progress in civilization do not begin to convey the adrenalin rush that spurred our ancestors to seek out metals in the ground or to attempt t…
Australian owner may sell Pamour group of companies
Debt problems plaguing the parent Australian corporations of Pamour Inc. (TSE) may result in the sale of some or all of the latter’s mining assets. Pamour’s immediate parent, Giant Resources, is repor…
MISA regulations become law for Ontario mines
Ontario’s 67 metal and salt mines which discharge wastewater into lakes and rivers must commence monitoring their wastewater for more than 200 contaminants on Feb 1, 1990. The new monitoring regulatio…
COATS (over-the-counter) Dayton gains 35 cents
Several junior gold issues posted modest gains on COATS this week. Up by 35 cents were the shares of Patrick Sheridan’s Dayton Porcupine Gold Mines. The company’s Ross mine east of Timmins, Ont., is …
Montreal Exchange Trading perks up
Investment activity came alive this week with the general market portfolio index climbing almost 59 points and the mining and minerals index gaining more than 49 points. Daily trading volumes were fai…
Cusac has results from Cassiar bet
A diamond drilling and trenching program on the Cassiar gold property owned by partners Cusac Industries (TSE) and Total Energold (TSE) has returned some encouraging gold values in a new surface vein….
Oneida, Placer Dome in property deal
A letter of intent has been signed by Placer Dome (TSE) and Oneida Resources (VSE) whereby the former may earn a 60% interest in the Maple Lake and Floating Heart properties of Oneida in the Mishibish…
Papers sought on structural controls
As part of the annual meeting of the Geological and Mineralogical Associations of Canada in May, 1990, there will be an international conference on “Structural Controls on Ore Deposits.” Send offers o…
Barringer to give keynote address
In the symposium scheduled for Nov 20-21 by the Saskatchewan Geological Society, Tonny Barringer will deliver the keynote address titled “Integration of Satellite, Airborne and Ground Data in Mineral …