Editorial Don’t write off ’89 yet
Watch out — 1989 may not be quite the dismal year for mineral exploration many have been predicting. With gold prices in the dumper, investors shy of mining stocks since the ’87 market crash and fl…
News
Gold producers reap rewards of industrial mineral sales
Not placing all your eggs in one basket is advice more than a few mining companies, in particular those known best for their gold production, seem to have heeded. Subsidiaries of two of Canada’s large…
Blue Emerald options Lac St. Jean properties
A group of exploration properties totalling some 377 claims in the Lac St. Jean area of Quebec has been optioned by Vancouver-listed Blue Emerald Resources. Subject to regulatory approval, Blue Emeral…
Montreal Exchange Deposit stirs investors
Interest by investors in a massive sulphide find at Val d’Or, Que., continued throughout the week, with shares of both the principal players, Aur Resources and Societe Miniere Louvem (and Louvem’s maj…
Eastmaque output to hit 95,000 oz gold by 1991
Expanding gold production from operations in Canada and the U.S. will lead to annual output of 95,000 oz by 1991 for Eastmaque Gold Mines (TSE), The Northern Miner has learned from Lukas Lundin, presi…
Dolphin planning $4-million program for Cape Ray bet
A $4-million exploration budget has been drawn up for 1989 for the Cape Ray gold project of Dolphin Explorations (TSE), the program to include about 30,000 ft of surface drilling. Dolphin has spent ab…
Spot prices at a glance (June 26, 1989)
Week’s Price (US) Change Gold* $365.70 +$ 4.10 Silver* $ 5.24 +$ 0.01 Platinum* $495.60 +$11.85 Nickel** $ 5.24 -$ 0.23 Lead** $ 0.29 -$ 0.02 Copper $…
Dissenters face long battle on Raglan issue lawyer says
A group of New Quebec Raglan Mines (TSE) shareholders who opposed a recent bid by Falconbridge Ltd. (TSE) for the 26% stake in Raglan it didn’t already hold, may receive more for their shares than the…
Corona has interests in Newhawk, Messeguay
Shareholding positions in two juniors were recently reported by Corona Corp. (TSE). The gold producer announced it will purchase a further 177,830 shares in Newhawk Gold Mines (TSE) through a private …
Aur Res./Louvem discovery ripples over Val d’Or camp
Major discoveries like the copper-zinc strike announced recently by Aur Resources (TSE) and Societe Miniere Louvem (TSE) in Val d’Or, Que., tend to have a ripple effect which brings neighboring claim …
Some observers say find the best since Kidd Creek
Mining analysts and industry executives are calling it the most significant base metals strike since the Kidd Creek orebody was discovered near Timmins, Ont., by Texas Gulf back in 1964. The copper-zi…
Battle Mountain to option HSK’s Kirkland Lake bets
A joint venture agreement with the Canadian exploration subsidiary of Texas-based Battle Mountain Gold Mines (TSE) was the main topic for discussion at HSK Minerals’ recent annual meeting in Toronto. …