Armistice plans new drill program
A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…
News
Athabaska, Chevron increase Nicholas Lake reserve estimate
An independent calculation of drill-indicated reserves on Athabaska Gold’s (TSE) Nicholas Lake property in the Northwest Territories has resulted in a new reserve figure. The property is about 60 mile…
Montreal Exchange Record-high index
It was a long climb, but the Montreal Exchange’s general market portfolio index this holiday- shortened week rose to a new high, despite a downturn by resources issues. The market portfolio, up 22.5 p…
Metal Prices FUTURES PRICES (October 09, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct130.00 129.40 129.55 + 6.65 Nov– — 127.45 + 6.05 Dec126.95 125.30 125.95 + …
The old
Nerco Minerals has gone a long way in modernizing the Con gold mine at Yellowknife, N.W.T. At left is the old C-1 headframe while the new headframe is pictured on the right. The mine was purchased at …
Uranium share offering
A public offering of up to two million common shares is being planned by Uranium Resources (TSE). Offered only in Canada, the issue is being underwritten by Jones, Gable & Co. and Loewen, Ondaatje, Mc…
Toronto Stock Exchange Indices (October 09, 1989)
1989 Sept 26Sept 25Sept 22Sept 21Sept 20HIGH LOW Composite “300”3921.003901.243909.473901.343906.454019.623353.13 Metals & Minerals3647.743620.913643.463644.693667.363919.203207.50 Integrated mines…
News in Brief (October 09, 1989)
Silkridge Resources has changed its name to Aquatech Systems Inc. (AQU:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Company.
Gold funds as of Oct 3
MVP BGR Central Capital Net value $11.70 $5.97 $0.55 Price $10.38 $6.00 $0.29 Discount 11.28% 0.5% 47% Value $69,664,932 $100,455,226 N/A…
Papers sought on structural controls
As part of the annual meeting of the Geological and Mineralogical Associations of Canada in May, 1990, there will be an international conference on “Structural Controls on Ore Deposits.” Send offers o…
Barringer to give keynote address
In the symposium scheduled for Nov 20-21 by the Saskatchewan Geological Society, Tonny Barringer will deliver the keynote address titled “Integration of Satellite, Airborne and Ground Data in Mineral …
Correction (October 09, 1989)
Contrary to information published in The Northern Miner last week, a recent report indicating that hole 58 has added 3.8 million tons to the reserve potential at Aur Resources (TSE) and Societe Minier…