FINANCING (July 24, 1989)
Canmark Int’l Res — gross proceeds rec $240,000. Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh. British Lion Mines — gross proceeds rec $245,000. Cons Heron — 600,000 shs sold for gr…
Articles by Northern Miner Staff
Gold funds as of July 18
MPV BGR Central Capital Net value $11.98 $ 6.10 $0.57 Price $10.38 $ 6.00 $0.35 Discount 13.36% 1.6% 38.6% Value $71,322,699.97 …
Stewart Lake nearing graphite bet decision
An underground mining operation with annual production of 20,000 tons graphite concentrate is being considered by Stewart Lake Resources (TSE) for its Kirkham flake graphite project in eastern Ontario…
Tumbler Ridge hosts coal operator conference
The fourth Coal Operators Conference will be held Sept 13-14, 1989 at Tumbler Ridge, B.C. Papers have been solicited from operating mines and tours of the Quintette and Bullmoose operations have been …
B.C. mining companies face new profit-based tax
Starting next year, British Columbia will have a new profits-based tax system for all mines in the province producing metals, coal and industrial minerals. The new tax system consolidates four existin…
Brinco, CMP funding exploration at Kerr
Agreements with CMP 1989 Resources Partnership and Consolidated Brinco (TSE) will provide Sulphurets Gold Corp. (VSE) with a total of $1 million for further exploration of the Kerr copper-gold project…
Sikaman’s Ghana assets to include placer bets
Toronto-based Sikaman Gold Resources (TSE) is planning to expand its interests to include two placer gold mining concessions in Ghana by amalgamating with Shefford Resources. Scheduled to be in produc…
Goldstake hunts for gold in Homestake’s shadow
For better than a century the Homestake mine has had the underground potential of the Black Hills beneath this town all to itself. Goldstake Explorations (TSE) has changed that. It has acquired a piec…
Editorial The value of exploration
It has always been difficult to quantify the value of grassroots exploration work. Without that work there would be no mineral discoveries, yet the scraping and scuffing of exploration hardly seems to…
Public meetings favorable for Mount Polley
Development plans for the Mount Polley copper- gold project were reviewed in a series of public information meetings held in the communities of Williams Lake, Likely and 150 Mile House, all in British…
High grade Orex results dispute original drill assays
A series of unusually rich assays released by Orex Exploration (ME) from four drill holes which previously returned marginal results are being treated with caution by members of the mining investment …
Horne acid plant nears completion
Construction of a pollution-fighting acid plant is nearing completion here at the Horne copper smelter. The plant, which is designed to reduce smelter emissions by half, should be up and running by th…