Teck leases Centurion gold-silver claims
Teck Resources Inc., a wholly- owned subsidiary of Teck Corp. (TSE), has leased a 5,000-acre mining claim owned by Centurion Mines Corp. (NASDAQ) of Salt Lake City, Utah. The property is in the West T…
Articles by Northern Miner Staff
Earnings Report (August 14, 1989)
TSE-listed Euro-Nevada Mining posted a net profit of $121,000 or 1 cents per share in its first quarter ended June 30. In the same period last year the company lost $605,000 or 7 cents per share. Rev…
News in Brief (August 14, 1989)
Gold Bar Resources (COATS) has purchased from Lyndex Explorations (COATS) a 22.7% interest in Chester Resources, a private British Columbia company. Terms of the deal were not disclosed. Gold Bar says…
Computer analysis reveals new reserves at Cochenour
A $4.7-million underground and surface exploration program is expected to be completed within two months on the former producing Cochenour Willans gold mine property near Red Lake, Ont. Project partne…
Manitou tailings could be profitable: study
Environmental regulations relating to containment of potentially hazardous material at Societe Miniere Louvem’s (TSE) Manitou tailings project, could prevent the company from starting production until…
Hawk finds nickel
Hawk Resources (VSE) has made a nickel-copper discovery on its property in the Lac St. Jean area of Quebec. Surface exploration resulted in the discovery of a mineralized showing which assayed 0.62% n…
Golden Day, Inlet commence field work
Field work is under way on the Dean Creek gold property 35 km west of Red Lake, Ont., Golden Day Mining Exploration (ME) and Inlet Resources (ME) report. Mapping and trenching work is to be completed …
X-Cal finds new zone
Surface work by X-Cal Resources (TSE) on its 100%-owned Snowbird property near Fort St. James, B.C., has located a new gold bearing zone parallel to an earlier discovery in the East zone area. The com…
Teck, Cominco Ltd. close Aur purchase
Vancouver-based affiliates Teck Corp. (TSE) and Cominco Ltd. (TSE) have completed the first part of an agreement under which they will acquire 3.3 million Aur Resources (TSE) shares at $10.75 each. Th…
Investment forum
Financial analysts Shearson Lehman Hutton will hold a one-day forum discussing investment in metals and mining in London, England on Nov 1. Presentations will be made on gold by Consolidated Gold Fiel…
Asarco options Cross Lake bet
A Lac St. Jean area property owned by affiliated companies Cross Lake Minerals (VSE), Glen Auden Resources (TSE) and Tarzan Gold (ASE) has been optioned by Asarco Exploration Co. of Canada. The proper…
People (August 14, 1989)
BELLWETHER RESOURCES — Gary W. Daradich appointed a director.