News in Brief (August 07, 1989)
Steelmaker Dofasco Inc. has concluded the purchase of the remaining 75% of the outstanding shares of Quebec Cartier Mining from USX Holdings of New York, N.Y. Dofasco bought an initial 25% interest in…
Articles by Northern Miner Staff
Exploration under way at High Frontier bets
Vancouver-based High Frontier Resources (VSE) continues to expand its land position near the massive sulphide discovery east of Val d’Or, Que., by Aur Resources and Societe Miniere Louvem. So far, Hig…
Blue Emerald starts Lac St. Jean program
A $500,000 exploration program has begun on a group of four grassroots exploration properties under option to Blue Emerald Resources’ (VSE) in the Lac St. Jean area of Quebec. The largest of the four …
First Toronto’s Forsayth placed on auction block
The Mount Gibson gold mine has breathed new life into this part of Western Australia where the economy has almost been paralyzed by poor prices for agricultural products. The project, which has been p…
Cheni’s Lawyers mine pours gold at opening
With the traditional ribbon-cutting ceremonies, speeches and pouring of dore bars, Cheni Gold Mines (TSE) officially opened its 100%-owned Lawyers mine and mill complex located in this remote region o…
Toronto Stock Exchange Falconbridge takeover bid ignites buying
Mining issues — specifically base metal mining issues — led trading activity on the TSE as more than 33.3 million shares changed hands. Almost 10% of that trading was in the form of Falconbridge Ltd…
Front Picture
Morten Riset, a refinery operator with Cheni, stands beside gold bar at the Lawyers mine site. Photo by The Northern Miner…
Interest in Midway zinc increased by Regional
Regional Resources (TSE) plans to accept an offer from Canamax Resources (TSE) to buy that company’s 24.5% interest in the Midway zinc-silver project in northern British Columbia. Canamax wants $1.1 m…
McNellen testing copper bet in B.C.
A 5,000-ft drilling program is being started by McNellen Resources (VSE) on the company’s Mount Foley copper-silver-gold property 15 miles east of Chilliwack, B.C. McNellen plans to test a 250-ft wide…
Commodity price rise focus of IMF study
Rising prices of non-fuel primary commodities that began in 1987 continued in 1988 and through early 1989, the International Monetary Fund (IMF) reports in its 1989 edition of Primary Commodities: Mar…
Newfoundland exploration bolstered by majors
Although it’s not as hectic as last summer, Newfoundland’s mineral exploration industry is enjoying another healthy season thanks largely to major mining companies who have firmly established their pr…
McNickel completes $3.4M financing, starts drilling
With a successful $3.45-million public financing behind it, Toronto- based McNickel Inc. (COATS) has started a 20,000-ft drilling program on its Lac St. Jean nickel-copper prospect north of Dolbeau, Q…