Rumors swirl of another Carlin find by Barrick
Speculation that drilling by American Barrick Resources (TSE) has intersected another major gold deposit on a property near Carlin, Nev., has sparked a gain of more than 60% over the past two weeks in…
Articles by Northern Miner Staff
Spot prices at a glance (October 30, 1989)
Week’s Price (US) Change Gold*$368.35+$ 0.25 Silver*$ 5.13+ Platinum*$482.80 –$ 4.20 Nickel**$ 4.68–$ 0.03 Lead**$ 0.35+ Copper$ 1.25 — 0.07 Zinc$ 0.69–$ 0.06 Courtesy of Scotiabank. Inform…
Ramp intersects vein structure at Hemlo Gold, Central Crude bet
A decline ramp collared at surface at the Eagle River gold property in the Mishibishu area of northwestern Ontario had been extended 2,066 ft by the end of September, Hemlo Gold Mines (TSE) and Centra…
Letters to the Editor Figures indicate profit at Magino
I am calling your attention to inconsistencies between the story on the Magino mine (N.M., Oct 23/89) and a reference to the same mine in another story in the same issue. The paragraph on page seven (…
Minera plans to raise $6 million for Latin projects
Toronto-based Minera Rayrock (TSE) plans to raise privately $6 million in the next few months to fund feasibility studies on its Ivan copper project in Chile, and its Bellavista gold property in Costa…
Eastern drill targets
Eastern Goldfields (COATS) has delineated several geochemical soil anomalies on the company’s Shamrock property near Notre Dame Bay, Nfld. An anomaly striking for 1,600 ft contains values ranging up t…
Highland Valley strike settled
The strike affecting operations at the Highland Valley Copper mining and milling complex in the Highland Valley of British Columbia has been settled. According to a spokesman from Highland Valley Copp…
Red Dog project set to enter production
The massive Red Dog lead-zinc- silver project of Cominco Ltd. (TSE) in northwestern Alaska will begin production by the end of the year but there will be no shipments until the warm waters return abou…
Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…
Weaker earnings hurt Inco despite improved dividend
Investors reacted negatively to Inco Ltd.’s (TSE) lower third- quarter earnings by selling off the stock which lost $2 over a 2-day period. The selling was also motivated by the lack of any news about…
Ego finishes program
A drill program has been completed by Ego Resources (TSE) on the company’s B-B Lake zinc prospect, 15 km north of MacLeod Bay, N.W.T. The final results from a 15-hole program include 12.66 ft grading …