Bitech options Kam Creed claims
Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…
Articles by Northern Miner Staff
Study bullish for international gold market
According to a recently published study of the international gold market by Metal Market Consultants of Lakewood, Colorado, the demand for gold should exceed supply and keep prices modestly buoyant in…
More high grade at Buckhorn
Excellent drilling results continue to roll in from the Buckhorn Mountain property owned by Crown Resources (NASDAQ). Situated in Washington State, the property has been the subject of an extensive ex…
FUTURES PRICES Metal Prices N.Y. Commodity Exchange Week’s High
00 578.50 + 13.00 ** GOLD (in US$ per oz.) ** ** Dec418.70 415.30 417.90 + 14.40 ** ** Feb424.20 419.60 422.80 + 13.90 ** ** …
Bethlehem to reopen Goldstream copper mine
Management at Bethlehem Resources (VSE) is confident that the Goldstream copper-zinc property, 80 km north of Revelstoke, B.C., will soon be brought back into production. Bethlehem and Goldnev Resourc…
Letters to the Editor CUB tunnel borer
We appreciate your comments on the CUB tunnel borer in your Nov 27, 1989, issue. However, there is one minor error in that we hope the machine will realistically do 1,000 ft per month. If it bores 1,0…
Zone results confirm Monique lens extension
Results from the G zone of the Monique property in Louvicourt Twp., in the Val d’Or area of Quebec, confirm the extension of the gold-bearing lens above the known lens, as well as to a minimum depth o…
Rouyn has revenues
Rouyn Mining Resources (TSE) generated revenue of $4.9 million for the year ended Aug 31. Earnings were $808,330 or 9 cents per share. There are no comparative results from prior years. The company’s…
New chairman of QSC named
A new chairman has been named for the Quebec Securities Commission. Paul Fortugno, 43, currently vice-chairman of the regulatory organization, will begin his 5-year term Jan 3. Fortugno will replace P…
People (December 18, 1989)
NUSPAR RESOURCES — Alex Burton appointed to the board of directors and named vice-president of operations.
Spot prices at a glance (December 18, 1989)
Week’s Price (US) Change Gold* $417.10 +$15.05 Silver* $ 5.67 +$ 0.13 Platinum* $512.25 +$13.50 Nickel** $ 4.06 –$ 0.14 Lead** $ 0.33 +$ 0.01 …
Fancamp to explore Mattagami gold bet
Montreal-based Fancamp Resources (VSE) and privately owned partner Fort Rupert Resources are preparing to begin drilling early in 1990 at their jointly owned Lac Marcaut gold-silver property, 136 mile…