Orient drilling at Sturgeon River
A drilling program representing 10,000 ft. has been started up by Ressources Orient (ME) at the Sturgeon River polymetallic project in the Geraldton area of northwestern Ontario. The property comprise…
Articles by Northern Miner Staff
Metal Prices (February 05, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 30 Jan 29 Jan 26 Jan 25 Jan 24 Copper 1300-1302 13…
Dufresnoy drilling
Exploration work will soon be under way at three properties, Dufresnoy (ME) reports. At the Union Mining-New Bidlamaque property near Val d’Or, Que., a drilling program of 3,000 metres is planned. Pla…
Books in Review King’s essays describe ore-genesis theory
The Rocks Speak, a recently published collection of essays by Haddon King, contains his recollections and musings over a long career in mineral exploration. He has visited and critically examined most…
Brunswick falters in fourth quarter
Net earnings for 1989 of $29.7 million (80 cents per share) were reported by Brunswick Mining & Smelting (TSE), compared with $31 million (87 cents per share) the previous year. Value of mineral prod…
Barrick pulls strong hole on Card Lake bet
Assay results from one of six recently completed surface drill holes on Card Lake Resources’ (COATS) Harker Twp. property near Matheson, Ont., include 10.5 ft. grading 0.26 oz. gold per ton and 7.5 ft…
Gold funds as of Jan 30
MVP BGR Central Capital Net value $12.53 $6.44 $0.44 Price $11.75 $7.00 $0.40 Discount 6.23% 8.7% 9% Value $74,596,963 $108,36…
Metal prices push commodity index down
Sliding metal prices had a negative effect on Scotiabank’s all- commodity price index in December, which was off 0.8% from the previous month. The all-items index has fallen 9.5% in the last year. Eco…
News in Brief (February 05, 1990)
Chesbar Resources (TSE) has changed its transfer agent to Royal Trust Co.
Franco in Hemlo
Franco-Nevada Mining (TSE) has entered the Hemlo gold camp by purchasing a 100% interest in 31 claims from International Interlake Industries (VSE). Franco will pay Interlake $1.65 million after compl…
Minnova to explore Rainbow project
The Rainbow property in the Greenwood mining camp of southern British Columbia will be the subject of a 60% earn-in by Minnova (TSE). The company is earning the interest from Kettle River Resources (V…
Montreal Exchange Market retreats
Volatile financial markets had a negative impact on the Montreal Exchange during the week ended Jan. 30. The price of gold advanced at the beginning of the report period, then backed off. Both the mar…