Base metals revival
It wasn’t too long ago gold was the only game in town and few junior companies had the foresight to look for base metals. How times have changed. Some of the most exciting plays today are in base meta…
Articles by Northern Miner Staff
News in Brief (November 06, 1989)
Rio Algom (TSE) has declared a semi-annual dividend of 52.5 cents , an increase of 10 cents , on its common shares, payable Dec 4 to shareholders of record Nov 10.
Orient claims
Junior Ressources Orient (ME) has purchased 15 claims in Grevet Twp., near Matagami, Que., in return for 250,000 company shares. The claims lie about 2.5 miles southwest of the VSM/Serem Quebec polyme…
Crown Butte, Noranda compiling results on Montana property
Evaluating a mass of recent drill results from the New World gold- silver-copper property in Montana will be a welcome task for partners Crown Butte Resources (VSE) and Noranda Inc. (TSE) this winter….
Ego plans more drilling on N.W.T. lead-zinc property
Final results have been reported from a 12,000-ft drilling program on Ego Resources’ (TSE) lead-zinc- silver property, 15 km north of MacLeod Bay on Great Slave Lake, N.W.T. A phase-two drill program …
Corona’s quest
Corona Corp. is determined to retain its status as a low-cost gold producer and it is depending on exploration success to do it. It has been involved in projects from Newfoundland to British Columbia,…
Kingswood drilling (November 06, 1989)
A 10,000-ft drilling program is under way at the Bourlamaque property in the area of Val d’Or, Que., Kingswood Explorations 1985 (ASE) reports. The property, about six miles west of the Aur/Louvem cop…
LAC doubles Toqui reserves
LAC Minerals (TSE) has expanded reserves at its Toqui zinc mine 1,000 miles south of Santiago, Chile. Drilling has confirmed the continuity of the pollymetallic Dona Rosa deposit southwest of the mini…
Placer makes commitment to become juniors’ partner of choice’
Already one of the world’s largest gold producers, Placer Dome (TSE) brought on stream four new gold mines in the first half of 1989. Construction of a fifth mine is progressing, and two other large-s…
Victoria directors
New directors have been named to the board of Victoria Graphite (COATS), which is exploring a graphite property near Portland, Ont. The current directors are Armin Klein, Bernard Shinder, J. J. Elkin …
Vassan shares
Junior Ressources Vassan (ME) is proposing a restructuring of its share capital and a name change to Ressources Savanor. The proposed conversion ratio is 10 existing shares for one new share. The comp…
Montreal Exchange Hot Freewest results
Exploration news from the Harker-Holloway gold area of northeastern Ontario sparked heavy trading in the shares of Freewest Resources, a junior involved there in a joint venture with Noranda Inc. (and…