Ottawa won’t guarantee key loan for Neptune
The Federal Government has decided not to back Neptune Resources’ (TSE) $150 million Colomac gold project with a $15-million working capital loan guarantee. After taking a close look at the Northwest …
News
Letter to the Editor Confusing buzzwords
I think The Northern Miner should make a special effort to eliminate or clarify the meaning of certain “buzzwords” that are being used in very critical descriptions. I refer to such terms as geologic …
Alberta Stock Exchange Bitech big trader
A $1.3 million private placement combined with renewed drilling at the Nugget Pond gold project in Newfoundland made Bitech Energy Resources the session’s biggest trader. A whopping 1.2 million shares…
Book in Review World gold mines deposits discoveries
World Gold Mines is a 2-volume worldwide reference of gold mines, deposits and discoveries in 57 countries. Also includes a classification of deposits, characteristics and descriptions for over 600 ac…
Montreal Exchange Market indices tumble
A shift in the trading winds this past week left the ME battered, with the market portfolio closing down almost 51 pts and the mining and minerals index off more than 64 pts. Daily trading volumes wer…
Gold funds as of Feb. 14
BGR Goldcorp Central MVP Capital Net value $11.96% 8.83 6.55% 0.81% Price $9.375% 5.625 5.62% 0.65% Discount $ 21.61% 36.3% 14.1% 19.8% Value …
Obituary (February 20, 1989)
Henry Skowronski, well known in the diamond drilling industry where he was deeply involved in promoting safety, died Feb 10 in Rouyn-Noranda following a lengthy illness. He was 62. Skowronski was born…
Reynolds options claims
St. George Metals (VSE) has completed a joint venture agreement with Reynolds Metals Co. Reynolds will fund exploration on St. George’s Fisher gold property near Battle Mountain, Nev. The company also…
Moss and Power plan merger
The directors of Moss Resources (ASE) and Power Explorations (TSE) have recently retained a consulting geologist to evaluate the assets of the two companies in preparation for a possible merger. Accor…
Avino to acquire interest in Nevada silver mine
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
Cathedral adds 900,000 tons to Porcher Island reserves
Located near tidewater about 35 miles southwest of Prince Rupert, B.C., Cathedral Gold Corp.’s (TSE) 100%-owned Porcher Island gold project is rapidly moving towards the threshold of a production deci…
Iskut River road study in progress
Vancouver- based Thurber Consultants Ltd. has been selected to lead a $75,000 study of potential resource road access into the remote Iskut River area in northwestern British Columbia. The study is to…