Cathedral Gold earnings reduced
A substantial drop in gold production at the 52%-owned Stirling mine in Nevada brought about reduced revenues and operating income for Cathedral Gold Corp. (TSE) during its 1989 first quarter. The com…
Articles by Northern Miner Staff
INSIDER TRADES (June 19, 1989)
Audrey — Northgate Expl bought 500,000 (May, private) @ $3.75. to hold 3,300,500. Bachelor Lake — Que Sturgeon bought 30,00 (May) to hold 1,030,000. Battle Mountain — T Pate sold 24,875 (May) @ $13…
Fifth hole returns positive gold values, Armistice reports
A fifth hole drilled into the Kerr zone at the Virginiatown, Ont., property of Armistice Resources (ME) has returned interesting values, the company reports. Underground hole 22W900-4, between 3,200 f…
Coral shows potential of the U.S.
Canadian juniors generally have been more successful developing mines in the United States than they have in their own country. The main attraction, of course, is Nevada where heap leach technology ha…
Villeneuve options Arizona property
An option agreement has been signed by Villeneuve Resources (VSE) with Freeport-McMoRan Gold (NYSE) regarding the former’s Cruce gold property 35 miles north of Tucson, Ariz. Freeport may earn a 51% i…
Editorial Exploration demands caution
Some say the magnitude of a mineral discovery can be measured by the lawsuits it engenders. If that’s true, the copper strike announced this week by Aur Resources on Societe Miniere Louvem’s property …
Legal process entangles many good prospectx
Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…
Bema Gold to become new producer with Champagne mine
With full scale production about to begin at the Champagne heap leach mine in Idaho, Bema Gold Corp. (TSE) is poised to make the all-too-often perilous leap from a junior exploration company to a new …
M.I.M. completes share purchase in Granges
After intense due diligence that included four tours of operations, M.I.M. Holdings Ltd. of Australia has completed the purchase of 11 million shares of Granges Exploration at $4.55 a share, giving it…
MacDonald mine could produce zinc by fall
If all goes according to plan, production could start up as early as this fall at the past-producing West MacDonald zinc mine in Quebec’s Rouyn-Noranda area. Negotiations involving MacDonald Mines Exp…
Chinese troubles lift share price of Can. Tungsten
The share price of Canada Tungsten Mining Corp. (TSE) benefitted from the recent political turmoil in China, which is the world’s largest producer of tungsten. The company, a non-mine producer for sev…
Newfoundlan’s exploration potential draws interest
A great deal of exploration news is expected from Newfoundland in the months ahead as this summer’s field season gets under way in what explorationists hope will be another record year. Geologists rem…