Metal Prices FUTURES PRICES (July 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.20 101.90 102.20 + 1.20 Sep102.40 100.80 101.70 + 1.25 Dec 99.50 98.30 …
Articles by Northern Miner Staff
Corona’s sample shows diamonds in Saskatchewan
Corona Corp. (TSE) has announced that it has found diamonds in the kimberlite pipe it drilled on property optioned from Claude Resources (TSE). The claims are near Sturgeon Lake, Sask., 40 km north of…
Minerex has earnings
Minerex Resources (TSE) realized net earnings of $817,286 or 8 cents per share for the 9-month period ended Feb 28. Revenue of $7.9 million was generated from the sale of 18,037 oz of gold and 21,714 …
Freewest gets zinc bet
Freewest Resources (ME) has an option to acquire a 100% interest in three zinc prospects in the St. Lawrence Lowlands, 30 miles south of Montreal. The properties cover 25,500 acres and are underlain b…
Historic Welsh base metal mine to re-open
Parys Mountain on the Isle of Anglesey off the north coast of Wales has been mined for more than 2,000 years. Both the Druids and the Romans mined for copper on Parys Mountain and it later provided th…
Glencairn Explorations signs letter of intent to fund diamond mine
A letter of intent has been signed between Glencairn Explorations (ASE) and a Brazilian bank. The bank has agreed, subject to certain conditions, to carry out a best efforts private placement offering…
Good results from Mac zone a boost to busy Noble Peak
Busy Noble Peak Resources (ASE) recently tabled some encouraging results from an initial round of drilling at its Mac gold property in the Northwest Territories. Situated southwest of Rankin Inlet, th…
News in Brief (July 17, 1989)
Goldways Resources Inc. (GWY:VSE) has subdivided the company’s common shares on a 4-new-for-1-old share basis. Transfer agent is Montreal Trust Company.
INSIDER TRADES (July 17, 1989)
Belore — Merbank Capital sold 100,000 (June, private) @ 25 cents to hold 400,000. Dundee-Palliser — S. Fenton sold 54,500 (May, amended) to hold 1,500. Gldn Tanager — H. Hodge bought 500,000 (June)…
Deep drilling returns good results at Polaris-Taku
Several holes drilled at significant depths below the previous mine system returned good gold values at the Polaris- Taku mine project located in the Tulsequah River area of northwestern British Colum…
Cartier buys stake in Louvicourt bet
Exploration is scheduled to begin soon on a group of 19 claims beside the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide discovery east of Val d’Or, Que. Cartier Resources (TSE) ho…
Alberta Stock Exchange (July 17, 1989)
Some encouraging results from the Bryndon Ventures, Antelope Resources joint venture at Rossland, B.C., were sufficient to spark a 20 cents increase this week in the value of Bryndon’s share price. I…