High Frontier drills low gold values
Low gold values have been assayed in drill core returned from a program on the Conglomerate Lake project operated by High Frontier Resources (VSE). The northwestern Ontario property covers two gold sh…
Articles by Northern Miner Staff
Blackdome costs rise to $244 per oz
Production costs at Blackdome Mining Corp.’s (TSE) gold project near Clinton, B.C., were significantly higher in 1988 even though the mill operated 20% above design capacity. Addressing the company’…
Gold recovery tests continue on tailings of Manitou mill
Testing continues in an attempt to resolve differences in the findings of two research facilities working with material from the Manitou mill tailings near Val d’Or, Que. Operator of the project is a …
Leading investors provide seed capital to McNickel
An interesting cross-section of mining industry movers and shakers have put up seed capital funding for recently-created McNickel Inc. (COATS), which is poised to start drilling this June on its coppe…
Gold, silver Hecla’s `bread and butter’
Diversification into non-metallics remains a key ingredient in Hecla Mining’s (NYSE) current business strategy but the company’s “bread and butter” business is still gold and silver. That probably won…
Bitech ups Nugget Pond gold reserves
Toronto-based Bitech Energy Resources (ASE) has increased the geological reserve estimate for its Nugget Pond gold property in Newfoundland. This represents the second reserve increase the company has…
News in Brief (May 15, 1989)
Strike Minerals (COATS) plans to resume work on its Baden Twp., Ont., gold properties as soon as road conditions permit. Two zones are to be studied. The first is a 100-ft wide carbonated zone that ha…
Spot prices at a glance (May 15, 1989)
Price Week’s ($US) Change($) Gold* 378.10 +1.60 Silver* 5.67 +0.03 Platinum* 533.90 –0.60 Nickel** 6.40 –0.14 Lead** 0.29 +0.01 Copper 1.29 –0.05 Zi…
Metal Prices PRODUCER PRICES (May 15, 1989)
ALUMINUM: MW U.S. Market US99.00 cents – 99.50 cents per lb. (May 4, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr…
Toronto CIM plans excursion to view Pinch collection
A tour of the spectacular Pinch mineral collection at the National Museum of Natural Sciences in Ottawa is planned for CIM-Toronto branch members. Forty-six tickets are available for a bus excursion t…
Gold funds as of May 9
BGR Goldcorp Central MVP Capital1 Net value $11.59 % 7.25 % 6.26% 0.66 Price $ 9.125% 4.400% 5.50% 0.42 Discount $21.27% 39.3 % 12.1% …
Newfoundland plans first mining show (May 15, 1989)
Newfoundland’s first mining and mineral trade show will be held May 25-27 in Springdale. MINERALEX ’89 will showcase the products, services, equipment and technology of the Newfoundland minerals indus…