Budget for New World
A budget of US$5.9 million has been set for the 1990 development program on the promising New World property, a gold-silver-copper prospect owned by Crown Butte Resources (VSE). The budget for develop…
Articles by Northern Miner Staff
Falconbridge gold output up despite halt at Owl Creek
Toronto-based Falconbridge Gold (TSE) succeeded in increasing its gold output in 1989 even though the company is no longer mining ore from its Owl Creek mine, west of Timmins, Ont. The 50.6% owned Fal…
Funding for Ontex lawsuit approved
Financing in the form of a $2,184,000 private placement has been approved by the directors of Ontex Resources (ASE). The placement consists of 2.4 million common shares priced at 91 cents per share. T…
Letters to the Editor Prospectors need more assay coupons
I am writing this letter primarily on behalf of independent prospectors who find it difficult to assess properly their discoveries with the limited assistance from Ontario’s Ministry of Mines in the f…
Giant charged in mine fatality
Gold producer Giant Yellowknife Mines (TSE) and one of its supervisors have been charged under the Occupational Health and Safety Act in connection with an April 6, 1989, cave-in that killed a Timmins…
Claude announces option agreement
An agreement has been reached between Claude Resources (TSE) and Shore Gold Fund (ASE) for the further development of Claude’s Grassy Lake gold property 12 miles northwest of Flin Flon, Man. The optio…
Marine geology lab opens at U of T
The University of Toronto officially opened its Scotiabank Marine Geology Research Laboratory on March 1. Laboratory director Steven Scott said work in the lab, located at the university’s new Earth S…
Trevco bulk sample
Calgary-based Trevco Oil & Gas (ASE) has commissioned Minroc Management of Toronto, and J.S. Redpath Mining Consultants of North Bay, Ont., to provide an estimate of total costs to remove, ship and pr…
Stillwater plans Montana smelter
Construction of a smelter to treat palladium and platinum concentrates is planned by Stillwater Mining for western Montana near its mining operation. Estimated cost of the facility is US$6.6 million. …
Toronto Stock Exchange Indices (March 12, 1990)
Mar. 6 Mar. 5 Mar. 2 Mar. 1 Feb. 28 HIGH LOW Composite “300” 3723.17 3711.97 3707.42 3700.15 3686.70 4009.47 3649.49 Metals & Minerals 3144.28 3151.15 3133.53 3094.08 3010.87 3453.05 2921.03 Integrate…
Micron test plant enters production
A consortium of companies led by Micron Mining, a private American firm, has built a facility to test for gold recovery from the sandy material of a property in southern Nevada’s Moapa Valley. Gordon …
Intense exploration activity at Eskay Creek during 1989 provides
clearer picture of deposit…