First Toronto loss includes writedowns
Writedowns of certain assets contributed to a 9-month loss of $32.5 million ($2.53 per share) by First Toronto Mining (TSE), which has undergone a management change. For the same period last year, the…
Articles by Northern Miner Staff
Parquet, Cache in option deal
An option has been granted by Parquet Resources (TSE) to Explorations Cache (ME) whereby the latter may acquire up to a 50% interest in the former’s Courville gold property, 30 km northeast of Val d’O…
Zinc demand, supply on rise in 1990
Global consumption of zinc is forecast to rise in 1990 as its supply, according to the International Lead and Zinc Study Group which recently staged its annual meeting in Austria. The organization’s p…
New Stratmin mill nears completion
The crusher at the Lac-des-Iles graphite project of Stratmin Inc. (ME) north of Montreal should be working by Dec 22 and the new mill operational in February of next year, the company reports. A new r…
Spokane convention a hit at 3,600 miners register
As demonstrated by the record turnout for the 95th annual convention of the Northwest Mining Association, the mining industry is alive and well in the western U.S. and Western Canada. Just more than 3…
Survey issues Skaergaard report
A geological report titled Gold Mineralization in the Skaergaard Intrusion was released recently by The Geological Survey of Greenland. It contains assay data indicating low gold values in 10 surface …
Radisson plans bulk sample
A 10,000-tonne bulk sample from the Duquesne gold mine property near Rouyn-Noranda, Que., is scheduled for extraction during the last week of January, 1990, Radisson Mining Resources (ME) reports. Loa…
Sampling ups RJK’s reserves
Estimates of the amount of gold contained in the Box and Athona deposits near Uranium City, Sask. are about to increase significantly due to a sampling/assaying program called total gold extraction. T…
Cathedral in red ink for third quarter
A net loss of $113,000 was reported by Cathedral Gold (TSE) for the third quarter ended Sept 30. For the first nine months of the year, net loss was $256,000 on revenues of $1.22 million. Gold product…
FINANCING (December 18, 1989)
Desert Gold — gross proceeds; rec $270,000. Varitech Res — min 450,000 offered @ 55 cents per sh. Golden Peaks — gross proceeds rec $218,750. Gold Summit — min 800,000 offered @ 35 cents per sh….
Trelleborg probes Spanish deposit
A major zinc deposit may have been uncovered by Trelleborg in southern Spain. The Swedish company, which recently purchased a 50% ownership in Falconbridge Ltd., is reported to be excited about one of…
Vancouver Stock Exchange Seven Mile High active
Trading on the Vancouver market was somewhat lacklustre for the week ended Dec 12 with the VSE Index mostly at the 700-point level. On a more positive note, gold began to inch back up from the $400(US…