Drilling to begin at Reymont project
Drilling is scheduled to get under way this month at Reymont Gold Mines’ (ASE) Great Western Star gold-copper property near Nelson, B.C. Spending $3 million by 1994 and making staged payments of $500,…
Articles by Northern Miner Staff
Initial drilling returns good values at Rainbow Hill
Although still in its early stage, initial reverse circulation drilling on the Rainbow Hill lode gold project near Cantwell, Alaska, has returned encouraging results for 100% owner, Canalaska Resource…
Metal Prices (November 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 Copper 1701-17…
FUTURES PRICES (November 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.75 + 1.90 Dec116.40 116.40 116.20 + 1.85 Jan116.00 116.00 114.20 …
Letters to the Editor Eliminate the Commissar of Mines’
Your editorial of Oct 16, 1989, “Cut to Via are long overdue,” objecting to another industry (railroads) getting money from the taxpayer, is interesting considering there has probably been a hundred e…
Alberta Stock Exchange Guinness, Holmer up
In a week when trading patterns could only be described as lacklustre, slight gains were made by a couple of issues which haven’t been in the limelight lately. Guinness Gold Resources advanced by 20 c…
Last minute rescue deal fails LynnGold closes gold mine
LynnGold Resources (TSE) has been unable to come to terms with the Manitoba government for a financial rescue package. As a result, the company will continue with plans to close its MacLellan gold min…
COATS (over-the-counter) Black Gregor active (November 20, 1989)
A large volume of Milestone Resources shares changed hands this week as the issue slipped by 1 cents to close at 24 cents after 51 transactions. The company released preliminary results from eight s…
LAC’s third quarter earnings slip slightly to $11.4 million
Lower gold prices and production reduced earnings for LAC Minerals (TSE) during the third quarter ended Sept 30. For the period, the company earned $11.4 million or 11 cents per share, compared with …
Blackhawk puts three drills on Minago
After acquiring the Minago nickel project in northern Manitoba last summer, Toronto-based Black Hawk Mining (TSE) has deployed three drills on the property in its bid to prove up a mineable orebody. D…
..add to Corona supports Goldbelt
para 5 Goldbelt recently announced it had acquired a 100% interest in about 5,600 acres in the Stikine- Galore Creek region of northwestern British Columbia. The claims adjoin holdings by Cominco Ltd…
Forecasting metals consumption, prices (1)
Whatever makes the distant or the future predominate over the present advances us in the dignity of human beings. I hold that man in awe who is clearly in contact with the future. So advise Samuel Joh…