Aurogin begins diamond search
Following the signing of an option agreement with Morrison Minerals (COATS) last month, Aurogin Resources (VSE) is now set to join the search for diamonds in Canada. Aurogin has an option to earn a 50…
News
Hycroft to mix ore from two Nevada mines
Ongoing negotiations have finally culminated in an agreement that will give Hycroft Resources & Development Corp. (VSE) and its U.S. subsidiaries the right to blend ore from the Lewis mine with ore fr…
Duration regains Theresa property
Following a period of uncertainty, ownership of the Theresa gold property near Longlac, Ont., has finally been regained by Duration Mines (TSE). “The return of the Theresa property ends a particularly…
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…
Spot prices at a glance (January 23, 1989)
Week’s Price (US) Change Gold (per oz) $402.85 –$ 0.65 Silver (per oz) $ 5.94 +$ 0.03 Platinum (per oz) $525.00 –$ 1.00 Copper (per lb) $…
Letter to the Editor 48.3% of shares
With reference to your article on page 27 of The Northern Miner dated Jan 9, (“Trans-Dominion to acquire 48.3% of Doelcam”), I am enclosing a copy of our news release with respect to the transaction d…
Metal Prices FREE MARKET London Metal Exchange (January 23, 1989)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 17 Jan 16 Jan 13 Jan 12 Jan 11 Copper 1950-1955 1948-1949 1869-1870 18…
Survey results
The New Brunswick Department of Natural Resources & Energy has released the results of a till geochemistry survey conducted over the central part of the Miramichi Zone in the northern part of the prov…
Force majeure lifted by Magma Copper
Recently lifting its force majeure, which was announced in December, was Magma Copper (Amex). The declaration was made under the company’s toll smelting and refining contracts, and refined copper sal…
Goldteck tailings deal
Goldteck Mines (TSE) has completed an option agreement with Matachewan Consolidated Mines (COATS) which pertains to the tailings at Matachewan’s former producing gold mine near Matachewan, Ont. From 1…