Northern Abitibi buys stake in Douay gold bet
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have signed an agreement whereby Northern Abitibi will purchase a 50% interest in Golden Rule’s Douay gold property, in Jout…
Articles by Northern Miner Staff
U.S. REPORT Viceroy mails out EIS/EIR
The United States Bureau of Land Management (BLM) has given approval to Viceroy Resources (TSE) to release the final version of the Environmental Impact Statement and Report (EIS/EIR) on the Castle Mo…
Vien structures at Fontana have geologists baffled
Geologists working on the Fontana project near Amos, Que., are still trying to get a handle on the complex vein structures that control gold mineralization on the property. Disappointed by the last fi…
COATS (over-the-counter) Louvicourt plans mine
Plans to bring the Louvicourt gold mine (Simkar deposit) near Val d’Or, Que., back into production did little to spark investor interest in joint owner Louvicourt Gold Mines. Louvicourt remained untra…
Inco buys 6% stake in limestone producer
By purchasing seven million shares of Explaura Holdings (COATS), Inco Europe, a unit of Inco (TSE) will earn a 6% interest in the United Kingdom-based mining company. Through a private placement, Inco…
Toronto Stock Exchange Indices (September 03, 1990)
Aug. 28 Aug. 27 Aug. 24 Aug. 23 Aug. 22 HIGH LOW Composite “300” 3354.20 3358.26 3361.23 3359.28 3431.20 4009.47 3334.13 Metals & Minerals 3031.24 3058.68 2992.80 2959.23 3017.10 3453.06 2850.84 Integ…
Mine rescue champs
Fourteen teams from around British Columbia recently competed in rescue and first aid competitions sponsored by the British Columbia Mines Ministry in Nanaimo, B.C. The competition included three cate…
FINANCING (September 03, 1990)
Collins Resources Ltd — 1,000,000 offered @ 40 cents per unit. Slocan Development Corporation Limited — 1,200,000 offered @ 40 cents per unit. Santa Marina Gold Ltd. — 1,000,000 offered @ 40 cents …
Teck drops Whitewater option
Major company Teck (TSE) recently terminated its option agreement on the Whitewater Group gold property near Nelson, B.C. Property owner Snowwater Resources (VSE) said it will extend a geological mapp…
Aussie nickel bet may feed Sherritt
A potential customer for the concentrate of a yet-to-be developed nickel deposit in Australia is Sherritt Gordon (TSE), the U.S. Bureau of Mines reports in a monthly publication. Australian gold produ…
Metall sees lower earnings despite production increase
Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…
U.S. REPORT Piedmont sets records
Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…