In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…
After spending over $1 million on exploration this past season, Continental Pacific Resources (VSE) plans to spend a further $2 million in the 1990 season on its two key properties in the Northwest Te…
Assay results are expected to be released this week from a 3,000-ft hole drilled to test for the depth extension of a zinc zone on Wrightbar Mines’ (ME) Bourlamaque Twp. property, east of Val d’Or. Th…
We appreciate your comments on the CUB tunnel borer in your Nov 27, 1989, issue. However, there is one minor error in that we hope the machine will realistically do 1,000 ft per month. If it bores 1,0…
Trading volumes were higher and the market direction definitely positive for the week ended Dec 12. The general market portfolio index jumped 31.4 points during the report period and the mining and mi…
Desert Gold — gross proceeds; rec $270,000. Varitech Res — min 450,000 offered @ 55 cents per sh. Golden Peaks — gross proceeds rec $218,750. Gold Summit — min 800,000 offered @ 35 cents per sh….
Some say it is impossible to determine the value of a mineral prospect until there is a verifiable measure of mineable ore reserves. Like a car dealer tallying up the value of his business without tak…
Low antimony prices have forced Dominion Explorers (TSE) to close its Durham antimony mine in New Brunswick. Employee layoff notices have been issued for a planned shutdown by the end of January, 1990…
American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…
The struggling tailings treatment project of ERG Resources (TSE) at Timmins, Ont., is in financial hot water. An Australian bank has terminated the company’s gold loan agreement. ERG, 61.6% owned by P…
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