Editorial Determination value
Some say it is impossible to determine the value of a mineral prospect until there is a verifiable measure of mineable ore reserves. Like a car dealer tallying up the value of his business without tak…
Articles by Northern Miner Staff
Durham antimony closing in January
Low antimony prices have forced Dominion Explorers (TSE) to close its Durham antimony mine in New Brunswick. Employee layoff notices have been issued for a planned shutdown by the end of January, 1990…
Meridian takes option on property adjacent to Beartrack gold
American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
Ketters ti the Editor Logan Drilling
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…
McAvity still bullish on gold as Biron Bay connection shows (December 18, 1989)
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…
Chesbar drilling in Chester Twp
A 3,500-ft drilling program has started on Chesbar Resources’ (TSE) Chester Twp. gold property in Ontario’s Swayze greenstone belt. Murgold Resources (TSE) has a 40% interest in the property, 70 miles…
Cold slows Giant’s tailings project
The Yellowknife, N.W.T., tailings treatment project of Giant Yellowknife Mines (TSE) “operated at breakeven” in 1989, its second year of production, the company reports. Incorrect reference was made (…
Feasibility study on Goldlund sets capital cost for Camreco
A first-phase feasibility study has been completed for Camreco Inc. (TSE) which examined the costs required to reopen the company’s Goldlund mine near Sioux Lookout, Ont. Completed by Wright Engineers…
Metal Prices PRODUCER PRICES (December 11, 1989)
ALUMINUM: MW U.S. Market US75.50 cents – 77.00 cents per lb. (Nov 21, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (No…
Ontario’s Mines Minister to deliver lecture
Ontario’s Minister of Mines Hugh O’Neil will deliver a lecture at a luncheon meeting Dec 11 at Metro Toronto Convention Centre. His topic, “Meeting the Challenges of the 90s and Beyond,” will address …
Granges in Newfoundland
Granges Inc. (TSE) has been granted an option from TerraGold Resources to explore TerraGold’s Little Bay property in Newfoundland. Granges must spend $66,000 on exploration by June 30, 1990. In order …
Yukon’s placer operations pour out more gold in 1989 than any year
The Yukon placer mining industry produced more gold this season than in any year since 1917, the head of the territory’s federal placer unit says. Dave Latoski told the 17th annual Geoscience Forum in…