Mining centre planned for Murdochville
A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (May 15, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May127.00 124.90 125.60 — 5.65 Jun124.30 123.50 123.70 — 8.00 Jul123.40 120.40 12…
IOCC GOLD OPTIONS (May 15, 1989)
Options Open Series Volume Last Interest May 380 C . 284 2.30 347 May 390 C . 434 1.00 1,740 May 400 C . 650 0.50 3,2…
Kerr ups Minnova stake
Kerr Addison Mines (TSE) has been given the go ahead by regulatory authorities to purchase an additional 400,000 shares of Minnova (TSE). The purchase will maintain Kerr’s interest in Minnova above 50…
Montreal Exchange St. Genevieve popular
Back trading again on the ME after more than a 2-month absence are Louvem Mines and its controlling shareholder St. Genevieve Resources. Investors keyed on the latter company in particular, trading 60…
Arctic Gold drill results
Arctic Gold and Platinum has completed a 12-hole, 5,700-ft diamond drill program on its property at Big Athapapuskow Lake near Flin Flon, Man. The samples have been sent for assaying. Arctic is a priv…
Brican, Bow Valley earn into property
Two Canadian companies, Brican Resources (VSE) and Bow Valley Industries (TSE) have earned a 50% interest in a large epithermal gold play in Nevada’s Battle Mountain district. Santa Fe Pacific Mining,…
Letters to the Editor Newhawk, Granduc pleased with results
I am writing to express my disappointment on behalf of Newhawk and our partners, Granduc Mines Ltd., regarding comments made in your stock market column of April 10, 1989. In the article you commented…
Radisson to buy Duquesne
Radisson Mining Resources (ME) has purchased 1.4 million shares of Duquesne Gold Mines, a private company. Duquesne holds a 75% interest in the Duquesne gold property in Quebec. Radisson must pay $4.2…
South Atlantic, Union Mines strike deal to merge
A deal has been completed which will merge a subsidiary of South Atlantic Ventures (VSE) with a subsidiary of Union Mines to form a new company called Union Copper. Atlantic will remain the sole share…
Monte Carlo Gold Mines — a new beginning
In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a ne…
LynnGold’s MacLellan mine struggling along
Struggling against falling bullion prices, LynnGold Resources’ (TSE) MacLellan mine near Lynn Lake, Man., produced 13,460 oz of gold at a cost of $443 per oz during the first quarter of this year. Tho…