New pod found at Dean mine
A 6-month development effort by St. George Metals (VSE) is starting to open a new target area of potential reserves along the Pittsburgh vein at the Dean underground mine in Nevada’s Battle Mountain d…
Articles by Northern Miner Staff
New partner for peat project
A letter of intent to participate in a peat fuel pilot plant project northwest of Thunder Bay, Ont., has been signed by the Lac des Mille Lacs First Nation with Peat Resources (CDN). The first step in…
STOCK MARKETS — Precious metal index jumps as gold price
Spurred on by a slight increase in the gold price, the Toronto Stock Exchange’s gold and silver index jumped 146.3 points to 5293 today (Dec. 16). Gold added $US2.40 to close in London at US$337.30 pe…
Spot prices at a glance (December 21, 1992)
Week’s Price (US) Change Gold* $334.90 + $1.50 Silver* $ 3.71 $0.00 Platinum* $362.75 – $0.75 Nickel** $ 2.60 + $0.07 Lead** $ 0.21 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
Two-phase exploration program proposed for Task property
A 2-phase exploration program has been proposed for the Task property held by Pioneer Metals (TSE) in the Taseko Lake area of southern British Columbia. The company reported that a recent reconnaissan…
Freewest to drill Matagami area gold property
Montreal junior Freewest Resources (ME) has started drilling on Golden Tag Resources’ (VSE) Verneuil township gold property southeast of Matagami, Que. The Verneuil property is owned 60% by Golden Tag…
Acadia moving office to U.S.
The depressed state of the mineral exploration business in Canada is pushing Acadia Mineral Ventures (TSE) south of the border. The junior, owned 55.5% by Hecla Mining Co. of Canada, says it has decid…
GOLD FUNDS (December 21, 1992)
Gold Funds as of Dec. 15 BGR Central Net Value $7.95 $5.10 Price $6.25 $4.55 Discount 21.41% 10.8% Value $45,514,000 $76,550,565…
LATIN AMERICA — Venezuela attracts gold explorers
Despite two failed coup attempts in recent months, Venezuela is continuing to attract attention from mining companies keenly interested in the South American country’s undeveloped mineral potential. T…
Anglo American, Jordex talking
Talks took place recently between Jordex Resources (TSE) and Anglo American of South Africa regarding the latter’s offer to acquire a majority interest and control of the Loma de Hierro nickel laterit…
Exall, Barrick in Mexican deal
An agreement has been signed between Exall Resources (TSE) and American Barrick Resources (TSE) permitting the former to search for gold-mining properties in Mexico. The agreement is for one year and …
Funds available for granite studies
A pair of companies will receive financing from the Northern Ontario Heritage Fund Corp. to conduct feasibility studies on granite deposits, the Ontario government agency announced. Mantiou Stone (Can…