Gauther would sell St. Genevieve Resources
Apparently fed up with waiting for his company’s share price to move upward, St. Genevieve Resources (TSE) Chairman Pierre Gauthier has retained Merrill Lynch Canada to find a buyer for the Montreal-b…
Articles by Northern Miner Staff
U.S. REPORT New tax laws in 27 states a mixed bag, survey finds
A survey of 1990 mining tax legislation showed no clear winners in 27 states, reports Mining Cost Service, a publication of Western Mine Engineering of Spokane, Wash. An assortment of laws were passed…
Black Cliff options properties in Chile
An option to earn a 75% interest in three Chilean copper-gold properties has been obtained by Black Cliff Mines (TSE) from a private Chilean company. The first property, Los Navarros, comprises 1,615 …
Del Norte options California mine
Based on the favorable findings of a preliminary investigation, Consolidated Del Norte Ventures (VSE) recently acquired an option to evaluate and own 100% of the Idaho-Maryland gold mine and accompany…
Varna and Long Range reach an out-of-court settlement
Two Calgary-based junior mining companies have agreed to lay down their arms and concentrate on working their respective properties in Newfoundland. Varna Gold (ASE) and Long Range Resources (ASE) had…
PEOPLE LA TEKO RESOURCES
K. Stoker appointed president and director succeeding Edmund Babcock; Gordon Fretwell appointed director succeeding Chester Millar; Spencer Nelson appointed secretary2Dtreasurer succeeding Brian Irwin…
Potash sale to fund Chinese aid projects
The Canadian International Development Agency (CIDA) says it will purchase $4.6 million worth of potash fertilizer from Saskatoon-based Canpotex for delivery to China. Canpotex handles offshore sales …
Amax profit down from 1989 due to weak aluminum price
New York metals giant Amax (NYSE) succeeded in weathering both the recession and weak aluminum prices to post a substantial profit during fiscal 1990, albeit a smaller one than in 1989. For the year e…
Porphyry deposit at South Kemess
A large porphyry copper-gold deposit is being outlined at the South Kemess property in the Toodoggone region of north-central British Columbia. El Condor Resources (VSE) and Kennecott, in a 60-40 join…
A strong exploration year for British Columbia
The British Columbia & Yukon Chamber of Mines, founded in Vancouver in 1912, recently held its 79th annual general meeting at the Eighth Annual Cordilleran Geology and Exploration Roundup. A record nu…
Eastmaque reports gold production
During the month of January, Eastmaque Gold (TSE) reported gold production of 5,050 oz. from its 50% share of the American Girl Mining joint venture and its Kirkland Lake dredging operations. The Kirk…
Positive feasibility for Andacollo bet
The phase-one final feasibility study on the Andacollo Gold project in Chile was recently completed by consultants Bechtel Corp. The study indicates the open pit heap leach project, which is owned by …