Hemlo buying more Central Crude
Hemlo Gold Mines (TSE), which is carrying out a multi-million dollar exploration-development program on the Mishibishu gold property of Central Crude Ltd. (VSE), continues to up its share interest in …
News
Quartz Mountain dissent fizzles
The Supreme Court of British Columbia has dismissed an application by three shareholders of Quartz Mountain Gold (TSE) for an order postponing the company’s annual general meeting until March 6. The m…
Metal Prices PRODUCER PRICES (February 20, 1989)
ALUMINUM: MW U.S. Market $1.02- $1.05(US) per lb. (Feb 2, 1989). ANTIMONY: New York dealer $1.00 cents – $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.75-$6.85(US) per lb (Jan 26, 1989…
Bakra pulls good result from Sannorm gold project
A 61-ft intersection averaging 0.18 oz gold per ton was pulled recently from Bakra Resources’ (VSE) Sannorm property in southeastern Manitoba, the company says. The intersection was encountered by the…
Zenmac dividend
A dividend has been declared by Zenmac Zinc Ltd. (ASE) of 25 cents per share. The record date is Feb 28. The dividend will be paid in the form of a $10 convertible preferred share, paying interest of …
Underground explosion kills two at B.C mine
An underground explosion at the Sulphurets gold project north of Stewart, B.C. killed two men and injured two others. Dead are Claude Weber, a Newhawk/Granduc mine foreman and Otto Sawatsky, a Canadia…
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 …
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 …