Granges, Hycroft plan merger
A merger proposal has been presented to Hycroft Resources & Development (TSE) by its 50.5% parent, Granges (TSE). The amalgamation would require the calling of special meetings of the shareholders of …
Articles by Northern Miner Staff
Lithos tests Wrightbar mine
Sampling of an exploration drift directed to zone B on the 350-ft. level of the Wrightbar gold mine workings near Val d’Or, Que., has returned encouraging values, Lithos (ME) reports. The old mine, cl…
FACTS + FIGURES — Mining along the Iron Range
For more than a century, gigantic blasts designed to shake loose millions of tons of iron ore have rattled the ground across the Iron Range. Along with the weekly blasts have come noise and dust, and …
Restoration plan for Westray site
The Westray coal mine in Nova Scotia will be sealed, its silo removed and the land restored, beginning this spring. In the meantime, the Nova Scotia government will finance a study to see whether a tr…
Sampling programs can benefit from large bowl pulverizers
Although large bowl pulverizers have been used throughout the rest of the world for 10 years, acceptance of them has been slow in North America. What are large bowl pulverizers? They can accept 500-5,…
GSA 95 meeting set for Fairbanks
The Geological Society of America’s Cordilleran Section is organizing its 91st annual meeting for May 24-26 in Fairbanks, Alaska. The conference, titled “GSA 95: At the Top of the World,” will be host…
STOCK MARKETS — Incredible shrinking dollar leaves TSE
Weakness in the Canadian dollar, combined with soaring interest rates, caused the TSE to post a loss over the 5-day report period ended Jan. 17. The composite 300 index dropped 44.31 points to close a…
GOLD FUNDS (January 23, 1995)
BGR Central Net Value $16.89 $6.60 Price $14.00 $6.75 Discount 17.12% Premium 2.3% Value $133,012,000 $122,170,275…
Claimstaker moves underground at Alwin
Junior Claimstaker Resources (VSE) has re-opened the underground workings at the Alwin copper mine, southwest of Kamloops, B.C. Exploration work will consist of driving a raise to surface from the exi…
METAL PRICES — FREE MARKET (January 23, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 17 Jan. 16 Jan. 13 Jan. 12 Jan. 11 Copper 2973-2976 2983-2985 3028.5-3029.5 3013-3014 3009-3010 Lead 645-646 653-654 669.5-670.5 64…
Spot prices at a glance (January 23, 1995)
Week’s Price (US) Change Gold* $382.00 + $7.00 Silver* $4.90 + $0.22 Platinum* $418.25 + $8.75 Nickel** $4.46 + $0.19 Lead** $0.30 $0.00 Copper $1.38 + $0.01 Zinc $0.54 + $0.02 Courtesy of Scotiabank….
Noront buys ground adjoining N.B. find
Regulators are expected to approve Noront Resources’ (TSE) acquisition of 15 claims northwest of Bathurst, N.B. The property adjoins ground held by Hendricks Minerals Canada (CDN), on which sulphide-r…