Noble Peak acquires BHP-Utah zinc deposit
Noble Peak Resources (TSE) has acquired a 100% interest in the Crypto polymetallic deposit in Utah from BHP-Utah International. BHP received one million Noble Peak common shares valued at $2.36 each. …
News
Lindsley hosts large reserve
Initial estimates of mineable reserves at Falconbridge Ltd’s (TSE) deep Lindsley deposit near Sudbury, Ont., place the tonnage at about seven million tonnes grading 1.6% nickel and 1.5% copper, along …
NovaGold placement
NovaGold Resources (TSE) has completed a private placement of shares through Swiss Canada Capital. The company sold 750,000 shares at an undetermined price. The buyer was Pierre Besuchet, a Swiss-base…
People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Falconbridge profit down on lower nickel price
Slightly lower prices for base metals combined with increasing costs resulted in reduced second- quarter earnings for major nickel miner Falconbridge Ltd. (TSE). The company reports that markets for i…
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
East West to process Restigouche ore
Marshall Minerals Corp. (ASE) has entered into an agreement with East West Caribou Mining in connection with the processing of the ore outlined on Marshall’s Restigouche property and sale of the resul…
Noramco options Ont. platinum group claims
Vancouver-based Noramco Mining Corp. (TSE) has acquired the Gionet platinum-palladium-copper- nickel property near White River, Ont. Noramco has the right to acquire a 100% interest, subject to a 2% s…
Correction (July 31, 1989)
In the July 17 edition of The Northern Miner it was incorrectly reported that Aaron Oil Corp. (ASE) traded on the Vancouver Stock Exchange. In fact, Aaron trades on the Alberta Stock Exchange.
Aur sizes up Louvicourt deposit
Despite all of the speculation that has accompanied a series of drill results at the Aur Resources (TSE), Societe Miniere Louvem (TSE) project near here, the joint venture is still trying to get a han…