VSM, Serem double reserves at Grevet M find
VSM Exploration (ME) and partner Serem Quebec have more than doubled reserves at their Grevet M property in Quebec. Following the completion of exploration work to the end of October, the partners hav…
Articles by Northern Miner Staff
Letter to the Editor Report on technology ignores mining, forestry
Your editorial “Mining is high tech’s best customer” (N.M., Nov 6/89) reflects Northcare’s message precisely. High tech is our resource community’s future. Our concern was sparked by the 3-volume repo…
ABM, Neptune merger plan to receive a second vote
Management of ABM Gold (AMEX) is confident the vast majority of Neptune Resources (TSE) minority shareholders favor an amalgamation of the two companies. Although the Ontario Securities Commission has…
FINANCING (November 27, 1989)
VANCOUVER Graham Gold — 700,000 sold for gross $231,000. Westerra Res — opt exerc on 100,000 @ 40 cents per sh. Mondana Ventures — min 650,000 offered @ 36 cents per sh. Circumpacific Egy — 1,00…
COATS (over-the-counter) Gold Bar up 30 cents
This week’s rally involving the shares of many senior gold mining companies had little effect on junior issues trading on COATS. Following a European financing Carolin Mines is exploring the Ladner Cr…
FUTURES PRICES (November 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec111.80 110.80 111.80 — 4.40 Jan109.20 108.00 109.30 — 4.90 Feb108.00 108.00 10…
Sirius has results on NWT placer bet
Reconnaissance sampling on the Selena Creek placer gold project in the Northwest Territories has encouraged partners Verdstone Gold (VSE) and Sirius Resource (VSE). Sirius reports that it recently c…
Montreal Exchange No shine to trading
Rising gold prices should have been considered positive news for the mining issues but for the week ending Nov 21, the mining and minerals index closed down 10.5 points. The general market portfolio i…
Canyon hires adviser
Canyon Resources (NASDAQ) has entered into an agreement with Bankers Trust ,where Bankers Trust will act as Canyon’s financial adviser in the acquisition of the assets of Addwest Gold. Canyon has the…
More Glimmer assays
Additional drill results have been released by Noranda Inc. (TSE) from its gold discovery held in joint venture with Glimmer Resources (VSE). Situated in Beatty and Hislop twps., Ont., the 14-claim pr…
Cominco Resources still in the red
An aggressive exploration and development program in the international arena is continuing to create red ink for Cominco Resources International (TSE). The company’s third-quarter loss was $2.4 millio…
Metal Prices (November 27, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 21 Nov 20 Nov 17 Nov 16 Nov 15 Copper …