Brazil Gold ’91
Brazil Gold ’91, an international conference on the geology, genesis and exploration of gold deposits, is scheduled to take place May 7-22, 1991, at Belo Horizonte, Minas Gerais, Brazil. Attendants at…
Articles by Northern Miner Staff
Bonanza drilling hits two zinc zones at Poirier
Rouyn-Noranda-based Bonanza Metals (ASE) says a phase-one drilling campaign on its Poirier property in Quebec has outlined two new zinc-bearing zones. The property is about one mile southeast of a pas…
FUTURES PRICES (December 04, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec112.90 111.80 112.60 + 0.80 Jan110.25 109.50 110.55 + 1.25 Feb108.75 108.75 10…
Second reading for Mining Act
A bill to amend Ontario’s 83-year-old Mining Act passed second read ing in the province’s Legislature this week and moved another step closer to implementation. The second reading stage generally sign…
Swansea Gold acquired by Australian company
Control of Swansea Gold Mines (COATS), an inactive company, has been acquired by Australian gold producer Sandhurst Mining NL of Sydney. New officers have been appointed to Swansea’s board of director…
Hecla losses continue
Low gold and silver prices were blamed for recent losses at Hecla Mining (NYSE). The company reported a third-quarter loss of $3.5 million(US), citing start-up expenses at the Greens Creek mine in Ala…
Correction (December 04, 1989)
Contary to what was reported (N.M., Nov 27/89), NovaGold Resources (TSE) President Gerald McConnell currently holds 577,000 of the company’s shares. Secretary-treasurer Angus McIssac holds 758,837 Nov…
Bitech exploring Rogues Harbour bet
Toronto-based Bitech Corp. (TSE) has reported preliminary assay results from reconnaissance sampling on its Rogues Harbour property in the Betts Cove area of Newfoundland. Bitech says it has encounter…
Gold mining in Nova Scotia hinges on success at Orex
Westminer (Canada) may have made a strategic error when they abruptly dropped an option on the Logan gold property here in November, 1988. Their sudden departure, after spending $5 million on drifting…
Earnings jump for Equity Silver
Increased production and lower production costs boosted earnings for Equity Silver (TSE) for the nine months ended Sept 30. Earnings reached $12.4 million or 38 cents per share on revenues of $69 m…
NDU ups reserves at Marg property
Recent drilling increased reserves on the Marg property, owned 66.7% by NDU Resources (VSE) and 33.3% by Cameco. The latter company is owned by the federal and Saskatchewan governments. The deposit, i…
Durga President deals Allan bet to own company
Calgary-based Durga Resources (ASE) recently agreed to acquire from President Jasi Nikhanj, a Northwest Territories gold prospect which was optioned recently by Noranda Exploration. Situated 60 miles …