Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Articles by Northern Miner Staff
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…
Letter to the Editor Environmentalist groups want more government
The group called Forest for Tomorrow is asking the government for many more hundreds of thousands of dollars. This group, headed by Toronto people has already received $134,000 of the $300,000 handed …
Nova-Cogesco funds
Recently completing a private placement worth $750,000 and involving three individual investors was Nova-Cogesco Resources (TSE). The company reports it issued 155,175 treasury shares at $1.45 each an…
Lac looks beyond Canada’s boundaries for gold
If you become as successful as LAC Minerals (TSE) in developing gold properties in Canada, it seems only natural to try to apply your expertise to projects in other parts of the world. LAC, which prod…
Alberta Stock Exchange Pezim moves in
The appearance of Murray Pezim’s International Viking Resources on the Alberta Stock Exchange seemed to have shaken the market out of is recent lethargy. During Viking’s first week of trading, volumes…
Mimiska reports drilling result
Results of preliminary exploration work on gold properties in northern Quebec, 42 miles west of Fort Chimo, have been announced by Mimiska Mining (ME). On the Lac Rougement showing, where drilling was…
U.S. Precious Metals drilling Nevada bet
A second small deposit of oxidized gold mineralization has been defined by recent surface drilling on U.S. Precious Metals’ (TSE) Mother Lode property, 100 miles northwest of Las Vegas, Nev. The new d…
Stan West search
Stan West Mining (TSE) is seeking an equity partner for its gold mine in Arizona. The participation by another partner may include the sale of all or a portion of Stan West’s assets, Frank Crerie, cha…
FINANCING (January 30, 1989)
VANCOUVER Crisan Res — 600,000 sold for $210,000. Fortress Res — 700,000 sold for gross $245,000. Silver Drake Res — gross proceeds rec $210,000.