Study shows precious metals distribution
A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…
Articles by Northern Miner Staff
Editorial Urban headframes
It has been said that there are lies, damned lies and statistics. A whimsical analysis undertaken by geologist Mary-Claire Ward falls directly under the third category. Ward made a study of 61 gold …
Nevada gold mine forms foundation for Barrick
A pivotal year in the life of American Barrick Resources (TSE) got under way recently when the Toronto gold producer tabled its development plans for the Goldstrike mine in Nevada. After producing 115…
Mysterious Metall still looking for an acquisition
Almost 18 months after West German metals giant Metallgesellschaft AG spun off a publicly listed mining arm called Metall Mining (TSE), the new company is still suffering from an identity problem. Eve…
Homestake signs agreement to purchase Esso holdings
If things unfold as expected, San Francisco-based Homestake Mining (NYSE) could be playing a much more active role on the Canadian exploration scene. A wholly-owned Canadian subsidiary, Homestake Mine…
BP Canada acquires Newfoundland option
An option to acquire four blocks of land comprising 120 claims in north-central Newfoundland has been acquired by BP Canada (TSE) from St. John’s promoter-prospector Lew Murphy. The property, which in…
N.A. Rare/Dundee Palliser close to Vezza gold deal
Partners North American Rare Metals (VSE) and Dundee-Palliser Resources (TSE) are on the verge of a major break through at the Vezza Twp. gold property in northwestern Que. where underground explorati…
analysts’ Comments
A gold producer for more than 30 years, LAC Minerals (TSE) is faring quite well, thank you, and is on target to produce a half-million ounces gold by 1991, that figure not including output from the Pa…
Acquisitor, Stabell pleased by drilling
Further assays from the Vein No 5 area of the Dubuisson gold property at Val d’Or, Que., have been released by Acquisitor Mines (VSE) and joint venture partner Stabell Resources (ME). Hole RS-213, dri…
Min Ven solves problems
A seepage problem that interrupted production last year at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota is being repaired successfully, the company reports. The South Dakota Department of …
Orofino looks to Scadding for improved balance sheet
Toronto-based Orofino Resources (TSE) was forced to bring out the red ink when reporting its financial results for fiscal 1988. But the 52%-owned Northgate Exploration (TSE) subsidiary, is hoping that…
Metal Prices FUTURES PRICES (January 23, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 158.70 156.50 158.70 + 14.00 Mar 149.50 145.20 148.80 + 5.10 May 137.60 133.80 …