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…
Articles by Northern Miner Staff
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…
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…
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…