Montreal Exchange Wrightbar draws interest
After cresting at $8.75 early in the week, Societe Miniere Louvem ended the report period at $5.88 on 1.3 million shares of trading. Interest in Louvem increased last week on speculation of new drill …
Articles by Northern Miner Staff
NO HEADLINE (July 31, 1989)
TEXT:…
Thorco planning to benefit from McLeod’s mining smarts
Management at Toronto-based Thorco Resources is hoping that a new association with metallurgist Dennis McLeod will have a significant impact on some of the company’s European and South African project…
Metal Prices PRODUCER PRICES (July 31, 1989)
ALUMINUM: MW U.S. Market US83.55 cents – 77.25 cents per lb. (July 13, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.65-$5.85(US) per lb. (J…
Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…
New mineral incentive program approved by Ontario legislature
Ontario’s new mineral incentive program is nearly ready and will cover eligible expenses retroactively to July 13, the day it was approved in the legislature. “We’ve had two questions since this progr…
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
Drilling nears completion at Bitech’s Nugget Pond (July 24, 1989)
With a phase II drilling program nearly 90% complete on its Nugget Pond gold property in Newfoundland, Bitech Corp. (ASE) expects to release final results of the work program by month end. Drilling re…
Sphinx plans to heap leach surface ore at Duvay bet
Montreal-based Societe Miniere Sphinx (ME) is joining a growing list of Canadian companies who are attempting to mine gold profitably using heap leaching methods. While the inexpensive mining method h…
Results from Gowest project should be good significant
A drill program operated by New Texmont Explorations (ASE) on Gowest Amalgamated Resources’ (ASE) Tully Twp. property 25 miles northeast of Timmins, Ont., is expected to yield some significant results…
Savanna exchanges shares with American Chromium
Savanna Resources (ASE) says an offer to exchange two of its shares for five class A or B shares of American Chromium Ltd. (ASE) has been accepted by 11 major shareholders of American Chromium. Savann…