Reserve estimate announced for Eskay Creek
A long- awaited independent preliminary calculation of reserves and grade was announced by Calpine Resources (VSE) and equal partner Stikine Resources (TSE) for the 21 zone discovery on the Eskay Cree…
Articles by Northern Miner Staff
Vancouver Stock Exchange Bulls favor the yellow metal
Despite continued strength in gold bullion prices, the Vancouver Exchange followed the New York and Toronto markets’ general direction, dropping 15.34 points to finish the period ended Feb. 20 at 725….
Cameco, Troymin deal
Trimin Resources (TSE) and Cameco have acquired an option from Troymin Resources (ASE) to purchase a 51% interest in 15,000 acres of land along the Hanson Lake polymetallic trend in Saskatchewan. The …
Copper-zinc sulphides found by Thunderwood, Greenstone
Zinc-rich massive sulphides and copper-bearing stringer sulphide mineralization of the type reported by Aur Resources (TSE) on its Val d’Or, Que., project are being encountered on a property held by T…
Romulus drilling
A $200,000 exploration program is under way on the 8-claim Lloyd- Nordik joint venture of Big Valley Resources (ASE) and Romulus Resources (VSE) in the Cariboo mining division of British Columbia. Rom…
Cominco earnings near 1988 levels
With consolidated 1989 earnings of $214.6 million, Cominco (TSE) slightly exceeded the record earnings of $213.5 million set in 1988 before extraordinary earnings. (After including extraordinary items…
10,000 tons per day Colomac nears production
Northgate Exploration (TSE) affiliate ABM Gold (AMEX) appears to be winning a battle with the elements as it puts the finishing touches to its ambitious Colomac gold project, 137 miles north of here. …
Great Northern hits
A recent drill program in Garrison Twp., Ont., by Great Northern Gold (ASE) and Winteroad Resources (COATS) was successful in cutting at least one high-grade gold value. The companies report that hole…
Tundra writeoff cuts Hemlo Gold’s earnings
A $10.8-million writeoff of exploration expenditures from the huge Tundra gold project in the Northwest Territories was reflected in the 1989 annual earnings of Hemlo Gold Mines (TSE). The company rec…
Jonpol deepens shaft
An exploration shaft on Jonpol Explorations (TSE) and T&H Resources’ (TSE) joint venture property in Garrison Twp., Ont., will be deepened to 680 ft. from 500 ft., the companies say. Jonpol has arrang…
More production cuts by Inco
Further production changes aimed at reducing costs have been announced by nickel producer Inco (TSE). As of March 1, the lowest-grade, highest-cost mine in the company’s Ontario division, Creighton No…
Newmont’s 1989 income down despite increase in sales
Denver-based Newmont Mining (NYSE) reported unaudited net income of US$123.9 million, or US$1.84 a share, for the year ended Dec. 31, compared with US$174.9 million, or US$2.60 a share, in 1988. Newmo…