McAdam drifting at Spud Valley
Exploration drifting on the Linton North vein at the Spud Valley gold project on Vancouver Island continues to yield positive results on the 7A sublevel, 60 ft updip from the 7 level, McAdam Resources…
News
Higher base metal prices help Minnova hike 9-month earnings
Higher base metal prices helped Minnova Inc. (TSE) boost net income for the first nine months of 1989. A member of the Noranda group of companies, Minnova recorded net income of $4.4 million (31 cents…
Hollinger North tests for lump ore
Bulk-sample testing of three iron ore deposits, aimed at identifying lump ore, was undertaken this past summer by Hollinger North Shore Exploration, a wholly owned subsidiary of La Fosse Platinum (TSE…
Potash Corp. listed
Trading in the shares of Potash Corporation of Saskatchewan (TSE) began trading on an “if, as and when issued basis” on The Toronto Stock Exchange. The common shares of the company were to trade on a …
Glencairn scheduled to begin diamond production in Brazil
Glencairn Explorations (ASE) plans to begin diamond production from its Feijao Cru project in Brazil by May, 1990, with full production at a rate of 240 cubic metres per day scheduled to begin by Sept…
Drilling shows continuity of gold/silver at Biron bet
The second phase of drilling is under way at the Summit gold project in New Mexico where partners Biron Bay Resources (ASE) and NovaGold Resources (TSE) recently discovered a high grade oreshoot withi…
Northgate increases stake in Geddes after Cominco buys 17%
Toronto-based Northgate Exploration (TSE) was prompted recently to protect its investment in the Windy Craggy copper gold project by increasing its stake in Geddes Resources (TSE) to 42% from 31%. Nor…
Bechtel executive named President of Louisiana
Cade Harvard, chairman of Louisiana Mining (ASE), is handing over control of the company to a couple of former Bechtel Corp. engineers who he hopes will turn the company’s southern Nevada gold project…
Toronto Stock Exchange Indices (November 13, 1989)
1989 Nov 7Nov 6Nov 3Nov 2Nov 1HIGH LOW Composite “300” 3923.253906.753929.103935.703935.594037.833353.13 Metals & Minerals 3401.823380.953430.763441.143447.863919.203207.50 Integrated mines 3539.4735…
LAC’s third quarter earnings slip slightly to $11.4 million
Lower gold prices and production reduced earnings for LAC Minerals (TSE) during the third quarter ended Sept 30. For the period, the company earned $11.4 million or 11 cents per share, compared with …
Miniere du Nord drills new targets
New targets on its No 1, 2 and 3 Lozeau Twp. claims east of Matagami, Que., are undergoing drilling, Explorations Minieres du Nord (ME) reports. President Jean-Jacques Martel reports the drilling foll…
operating Canada’s Mines From Africa to Baffin Island, Nanisivik
“Living in the Canadian High Arctic is a unique experience,” says W.H. McNeil, manager at Nanisivik Mines. Born in central Africa, he is a professional mining engineer with worldwide 0000,0600 experi…