McChip to drill Timmins gold bet
Additional diamond drilling is planned this year on a Timmins area gold property under option to McChip Resources (TSE) from Noranda Exploration. Under the terms of an option agreement, McChip has the…
News
Nerco DeLamar to joint venture War Eagle claims
Last year’s market high-flyer, War Eagle Mining (VSE), has bounced back on the mining scene with a joint venture agreement in hand for the exploration and development of its War Eagle Mountain propert…
Alberta Stock Exchange Siam gets Thai bet
Signs of a slowing Canadian economy seem to be offering little incentive for investors to come forward and speculate on resource issues. Predictably, volumes were low and losers tended to outnumbered …
Montreal Exchange Aur, Louvem find
A fairly quiet market was given a shot in the arm by the announcement of the discovery of a copper- zinc-silver-gold massive sulphide deposit on property in Louvicourt Twp. east of Val d’Or, Que. Aur …
Villeneuve options Arizona property
An option agreement has been signed by Villeneuve Resources (VSE) with Freeport-McMoRan Gold (NYSE) regarding the former’s Cruce gold property 35 miles north of Tucson, Ariz. Freeport may earn a 51% i…
Editorial Exploration demands caution
Some say the magnitude of a mineral discovery can be measured by the lawsuits it engenders. If that’s true, the copper strike announced this week by Aur Resources on Societe Miniere Louvem’s property …
CORRECTION (June 19, 1989)
In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…
Metal Prices FUTURES PRICES (June 19, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 108.80 108.80 108.85 + 2.35 Jul 111.70 108.80 109.40 + 2.10 S…
Legal process entangles many good prospectx
Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…
Southern Era Options Costa Roca gold mine
SouthernEra Resources (TSE) has acquired an option to earn a 50% interest in the Macacona gold mine in Costa Rica. Owned by Equinox Resources (TSE), the mine is a small heap leach operation having pr…
Spot prices at a glance (June 19, 1989)
Week’s Price (US) Change Gold* $361.60 –$13.90 Silver* $ 5.23 –$ 0.17 Platinum* $483.75 –$24.00 Nickel** $ 5.47 –$ 0.39 Lead** $ 0.31 –$ 0.01 Copper …
Bema Gold to become new producer with Champagne mine
With full scale production about to begin at the Champagne heap leach mine in Idaho, Bema Gold Corp. (TSE) is poised to make the all-too-often perilous leap from a junior exploration company to a new …