Newhawk drilling intersects new zone
Underground drilling has successfully intersected the R-8 zone of the Sulphurets gold-silver property in northern British Columbia on three sections, Newhawk Gold Mines (TSE) reports. The R-8 zone, un…
News
Managing Canada’s Mines Miners must project better image of their
While he holds great faith in both the resolve and ingenuity of the people in the mining industry, T. A. (Tom) Dickson, mine manager of Minnova’s Winston Lake Division at Schrieber, Ont., sees this as…
FMC Gold to evaluate Excelsior project
Spokane- based Steelhead Resources (VSE) recently granted FMC Gold Co. (NYSE) the right to perform a detailed evaluation of its Excelsior gold-silver project located in Whatcom Cty., Wash. The agreeme…
letters to the Editor Paymaster sparked concern for safety
Having read articles in The Northern Miner as to the Paymaster disaster when 16 miners plunged to their deaths when a cable broke and the safety dogs failed, I notice that various dates have been stat…
Westmin discovers new massive sulphide zone at Myra Falls
Recent exploration drilling by Westmin Resources (TSE) intersected significant thicknesses of massive sulphide mineralization in a new zone at the company’s Myra Falls mine property near Campbell Rive…
Metal Prices PRODUCER PRICES (August 21, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 83.50 cents per lb. (Aug 3, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.45-$5.50(US) per lb. (Aug…
FINANCING (August 21, 1989)
VANCOUVER Couverden Point Res — gross proceeds rec $315,000 Ecstall Mng — 500,000 sold for gross $225,000 Goldnev Res — 2,600,000 sold for gross $2,730,000 Marina Expls — sold for gross $227,500 B…
News in Brief (August 21, 1989)
Liberian Iron Ore Ltd. (TSE) has announced that mining has stopped at its 37.5%-owned LAMCO joint venture mine in Yekepa, Liberia. Ore processing and shipping will continue until late 1989 from the or…
Asquith plans to drill Shiningtree gold properties
Toronto-based Asquith Resources (COATS) plans to carry out a $250,000 exploration program on its 72-claim gold property in the Shining Tree area of northern Ontario. Drilling is scheduled on the forme…
Black Hawk drilling Minago nickel bet
Toronto-based Black Hawk Mining (TSE) has started a 10,000-ft diamond drilling program on the Minago nickel property near Wabowden, Man. The company recently bought a 100% interest in the property fro…
INSIDER TRADES (August 21, 1989)
Anglo Canadian — R. Kemeny holds 442,801. Atlantic Inv. sold 29,000 (July @ 18 cents to hold 128,000. Black Cliff — N. Kacira bought 87,500 (July, private) @ 41 cents to hold 968,849. Cabre — G. M…
Hemlo dispute ends Court upholds decision awarding Williams gold
The largest underground gold mine in Canada belongs to Corona Corp. (TSE), the Supreme Court of Canada has ruled. The court upheld a decision rendered in 1986, which awarded the Williams mine in the H…