Corrections (October 15, 1990)
Deak Resources (TSE) says it will begin mining an open pit reserve of 50,000 tons averaging 0.18 oz. gold per ton at the Garrison gold project near Kirkland Lake, Ont. An incorrect figure was publishe…
Articles by Northern Miner Staff
Exploration continues at Paymaster property
American Reserve Mining (ME) says rehabilitation of the No. 6 winze on its 40% owned Paymaster project near Timmins, Ont., has been completed down to the 4,975-ft. level and access to the 6,025-ft lev…
Soviet Union petitions western mining firms
The Soviet mining industry says it is open to offers from its western counterparts to generate new mining projects, update antiquated mining technology and reclaim metal from waste. At an east-west st…
Fort Cady lawsuit
Corona (TSE) filed a lawsuit earlier this year in the Ontario Court, general division against its partner in the Fort Cady boric acid project, northeast of Los Angeles, Calif. Corona, through Fort Cad…
PEOPLE (October 15, 1990)
RINSEY MINES Charles Main elected president succeeding Carl Schepannek who has been appointed secretary and chief financial officer; Joseph Faulkner appointed vice-president, Investor Relations.
PEOPLE NEW YORK MERCANTILE EXCHANGE
Richard Henken appointed vice-president of marketing.
Queen’s hosts seminar
Queen’s University will host a seminar on mineral exploration at the Donald Gordon Centre for Continuing Education, Kingston, Ont., Dec. 2-8. It is designed to provide exploration managers and project…
Tourist outfitter benefits from exploration activity
Tourist outfitter and flying service enterprises sometimes are affected by mining activities. Often they benefit from the spinoffs of mining. Don Massey of Hawk Junction, near Wawa, owns and operates …
Sigma boosts annual output by 1,500 oz. as efforts continue to
Gold production at Placer Dome’s Sigma mine at Val d’Or, Que., is expected to be about 67,600 oz. in 1990, down slightly more than 1,500 oz. from 1989 production. Last year, the mine’s mill underwent …
Ronrico set to mine Louvicourt gold bet
Joint venture partners Ronrico Explorations (VSE) and partner Louvicourt Gold Mines (COATS) have commenced development work at the Simkar gold project, east of Val d’Or, Que. Louvicourt is a 58% owned…
Kirkland Lake gets boost from Virginiatown operations
Associated with gold mining for a good part of this century, the Kirkland Lake area of northern Ontario is undergoing a revival of sorts in large part through the efforts of Deak Resources (TSE). The …
Spot prices at a glance (October 15, 1990)
Week’s Price (US) Change Gold* $392.20 + $2.35 Silver* $4.63 — $0.06 Platinum* $443.75 — $0.25 Nickel** $4.28 — $0.06 Lead** $0.35 + $0.01 Copper- $1.29 + $0.01 Zinc– $0.61 — $0.03 Courtesy of Sc…