Alberta Stock Exchange Ontex jumps 65 cents
Shares of Toronto-based Ontex Resources (ASE) leapt ahead 65 cents to $2.55 during the week ended Sept. 11. Investors continue to speculate on the outcome of a legal battle the company is fighting wit…
Articles by Northern Miner Staff
Pelangio, Quote find new gold showings
Grassroots exploration has uncovered five new gold showings on Pelangio-Larder Mines’ (COATS) North Spirit Lake property, 100 miles north of Red Lake, Ont. Including the new discoveries, gold occurren…
Rock and Roll
If channel sampling on the Rock and Roll project are representative of overall grades, partners Eurus Resource (VSE) and Thios Resources (VSE) could be on to a good thing. Thirty-one channel samples w…
Montreal Exchange VSM assays gold
Trading picked up considerably by the end of the report period but the general index, the market portfolio, was down by more than 33 points for the week ended Sept. 11. The mining and minerals index e…
Allen chosen to speak at CIM meeting
Peter Allen will address members of the Canadian Institute of Mining and Metallurgy at the group’s luncheon meeting on Sep0600,0000 tember 17 at the Royal York Hotel in Toronto. Allen, president and c…
Barrick sees 37% increase in Goldstrike gold output
Some pleasant surprises at American Barrick Resources’ (TSE) Goldstrike mine in Nevada have increased the company’s confidence that production targets set for 1990 will be reached and possibly exceede…
Gammon to head Mines Division
John Gammon has been appointed to the post of assistant deputy minister at the mines and minerals division of Ontario’s Ministry of Northern Development and Mines. The recent appointment was announced…
U.S. REPORT USMX discovery at Alligator Ridge
Denver-based USMX Inc. (NASDAQ) is reporting the discovery of potentially significant gold mineralization at five targets of the recently acquired land package in the Alligator Ridge Trend of eastern …
Metal Prices FREE MARKET (September 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 11 September 10 September 7 September 6 September 5 Copper 1735-1740 1730-…
Belmoral loss triples in first half of 1990
Despite a 15% increase in gold production and a corresponding jump in revenue, Belmoral Mines (TSE) reported a net loss of $17.1 million (37 cents per share) for the first six months of 1990. The loss…
LETTER TO THE EDITOR: Brokers, banks shouldn’t have final say
Normally I would relish participating in the important debate your editorial invites (Taxpayers shouldn’t be “bank of last resort,” N.M., Sept. 3/90). But the Deak project has been 18 months of exhaus…
Sphinx heap-leachs gold in Quebec
Mention heap leaching and a person immediately thinks of the southwestern United States, where large tonnage, low-grade deposits are being mined year-round to yield relatively inexpensive gold. North …