McNickel on COATS
Following an amalgamation of Perch River Mines and Hanson Mineral Exploration, the common shares of the new company called McNickel Inc. (COATS) are now trading on the Canadian Over-the- counter Autom…
Articles by Northern Miner Staff
Law suits try Chelsea Res as Spotted Horse is tamed
While Chelsea Resources (VSE) attempts to bring costs down at the Spotted Horse gold mine in Lewistown, Mont., two lawsuits brought about by two exploration companies are providing more financial head…
Aston Resources
Aston Resources (VSE) has optioned a property in Pelletier and La Trappe twps., near Lac St. Jean, Que. Aston can earn a 100% interest in the 38-sq-mi Pike Lake property by making payments totalling $…
Three drills busy on Bitech’s Nugget Pond
The number of shares Bitech Energy Resources (ASE) has issued recently is probably the main reason for the decline in the company’s share price, not the failure of exploration work to live up to expec…
Falconbridge doubts nickel price justifies Raglan go-ahead
A conclusion by Falconbridge Ltd. (TSE) that an average price of $4 per lb(US) nickel over the next seven years is unrealistic, is the main factor constraining development of the huge nickel-copper de…
Fancamp joint ventures two Quebec properties
Vancouver-based Fancamp Resources (VSE) recently signed a joint venture agreement on the company’s 29-claim Lemoine Twp. property in Quebec with Westminer (Canada) Ltd. Westminer may earn up to a 50% …
Golden Star optimistic as Placer tables Omai results
The occupants of Golden Star Resources’ (ASE) executive suite are starting to feel a twinge of excitement over events at the Omai joint venture gold project in Guyana. While the completion date for a …
Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
Val d’Or, Abcourt deal
An agreement between Val d’Or Resources (ME) and Abcourt Mines (ME) concerning the Vendome zinc-gold deposit has been renegotiated. Located near Val d’Or, Que., the Vendome deposit hosts reserves of 3…
Greater Lenora, RJK busy in Saskatchewan
Joint venture partners Greater Lenora Resources (TSE) and RJK Mineral Corp. (ASE) say they are studying the possibility of selective mining of high grade gold zones at their Beaverlodge property in n…
Armistice drilling Sheldon, Kerr zones
A 35,000-ft underground exploration drilling program to expand the Sheldon zone and test the Kerr zone has been started by Armistice Resources (ME) at the company’s Virginiatown gold property in north…
Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…