Japanese eye Brazil
Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…
Articles by Northern Miner Staff
Prime sells stake in Akiko-Lori Gold
Murray Pezim’s Prime Resources (VSE) has sold its stake in junior explorer Akiko-Lori Gold Resources (VSE) to concentrate its efforts on the high profile Eskay Creek gold play in northwestern British …
COATS (over-the-counter) Southern Ariz. up 12 cents
In an otherwise quiet week of trading on the over-the-counter market, 631,040 shares of Southern Arizona Mining and Smelting changed hands. Reacting to news of an option agreement between Southern and…
People (April 09, 1990)
ASARCO INC. — William Borzick will head a newly created internal consulting group, based in Salt Lake City, Utah; Curtis Bates appointed plant manager of the Texas plant; Vincent Wildman appointed ma…
Gold funds as of Apr. 3 (April 09, 1990)
MVP BGR Central Capital Net value $11.58% %$5.82% $0.40% Price $10.50% %$6.125 $0.25% Discount 9.33% %5.2%5 37.5% Value $68,946,265 $103,048,838 N/A…
Inco to spend $4.6 m at old Cochenour bet
Plans for a $4.6-million underground exploration program at the Cochenour-Willans gold mine property near Red Lake, Ont., were finally revealed by Inco Gold recently. Inco Gold, a unit of Inco (TSE), …
Uranerz to continue work on kimberlites
Exploration on a kimberlite deposit in the Fort a la Corne region of Saskatchewan will begin in a few weeks. Several holes will be drilled on the most prospective of the seven diamond-bearing kimberli…
Lixor drilling Courville bet
Encouraging results have been reported by Lixor (ME) from its gold project in Courville Twp., 25 miles northeast of Val d’Or, Que. Lixor is earning a 50% interest in the property from Billiton Resourc…
Suntac estimates larger reserves
With the first phase of their 1990 drilling program complete, Suntac Minerals (VSE) has released an in-house reserve calculation for the C vein on the Polaris-Taku property in the Tulsequah River area…
Bema’s Chilean bet rewards directors
Bema Gold (TSE) President Clive Johnson and directors Ian Johnson and Barry Rayment profited recently from the company’s decision to finance a major Chilean gold-copper project to production. Since Be…
IOCC GOLD OPTIONS (April 09, 1990)
Options Open Series Volume Last Interest May 360 C 129 23.50 155 May 380 C 1,125 9.50 1,352 May 390 C 275 6.20 829 May 400 C 1,026 1.80 1,646 May 410 C 163 2.00 1,913 May 420 C 436 0.90 3,655 Aug. 400…
Louvicourt takes back seat at Aur Res. annual meeting
A lawsuit overhanging the Louvicourt Twp. massive sulphide discovery took a backseat at a recent annual meeting in Toronto as President Jim Gill of Aur Resources (TSE) outlined the company’s plans for…