Vital Pacific drills anomaly
A diamond drilling program is under way on Vital Pacific Resources’ (VSE) Haida property, 100 km north of Kamloops, B.C. The company will drill 10 to 12 holes totalling 1,800 metres, at an estimated c…
Articles by Northern Miner Staff
Gold production up, net income down
Although gold production was up 25.5% over last year, net income for Coeur d’Alene Mines (AMEX) dropped. The company reported net earnings for the year ended Dec. 31 of US$9.4 million (or US94 cents p…
FINANCING (March 12, 1990)
Brightwork Res — 600,000 sold for gross $330,000. Krigold Res — 650,000 offered @ per unit. Gold Summit Mines — gross proceeds rec $280,000. Int’l Viking — 800,000 offered @ 60 cents per sh. Ameri…
American Consolidated hits mineralization
A mineralized vein continuing through three drill holes has been encountered on American Consolidated Mining’s gold-silver-copper prospect in Clifton Cty., Utah. Channel samples cut across the vein st…
Research unit to be formed
The Mineral Deposit Research Unit, a joint initiative between the University of British Columbia (UBC) and the mining industry, is looking for qualified people to staff a research project oriented tow…
Queenston begins second phase drilling
The second phase of a diamond drill program on Queenston Mining’s (TSE) Upper Beaver mine project in Gauthier Twp., Ont., has commenced. Pamorex Minerals (TSE) is earning a 51% interest in the propert…
IOCC GOLD OPTIONS (March 12, 1990)
Options Open Series Volume Last Interest May 400 C 31 818.50 1,247 May 410 C 30 113.00 1,112 May 420 C 510 7.50 2,372 May 440 C 220 3.00 1,612 May 450 C 284 2.00 1,013 Aug. 440 C 281 8.50 1,168 Aug. 4…
Editorial Small consolation
It may be of small consolation, but the mineral exploration industry is not alone in its suffering as a result of Finance Minister Michael Wilson’s recent budget. Junior mining companies may suffer th…
Editorial OMA draws a crown
The Ontario Mining Association’s 71st annual dinner recently offered the province’s legislators a chance to show its support for the industry, and the MPPs didn’t let the opportunity slip away. Althou…
Louvicourt Twp. find spurs area drilling activity
The discovery of a large copper- zinc massive sulphide deposit in Louvicourt Twp. east of Val d’Or, Que., by Aur Resources (TSE) and Societe Miniere Louvem (TSE) leaves one to wonder if similar finds …
Novagold expands in western U.S.
With the recent acquisition of three key properties in the Steeple Rock mining district in New Mexico, Novagold Resources Nevada continues to expand its interests in the Western United States. Novagol…
Metal Prices (March 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 6 Mar. 5 Mar. 2 Mar. 1 Feb. 28 Copper 1594-1596 1570-1571 1545-1547…