1989

After acquiring the Minago nickel project in northern Manitoba last summer, Toronto-based Black Hawk Mining (TSE) has deployed three drills on the property in its bid to prove up a mineable orebody. D…

Whatever makes the distant or the future predominate over the present advances us in the dignity of human beings. I hold that man in awe who is clearly in contact with the future. So advise Samuel Joh…

Juniors Exploration Denn’or (ME) and Orcana Resources (VSE) are negotiating to become joint venture partners in the exploration of two properties in the Val d’Or area of Quebec. The companies will exp…

Net earnings of $34 million (23 cents per share) for the first nine months of 1989 were reported by Corona Corp. (TSE), compared with $24 million (16 cents per share) for the same period last year. T…

Franc Joubin will autograph his recently published book Not for Gold Alone on Nov 17, 6:30-8 p.m. at The Pottery Shop, 140 Yorkville Avenue, Toronto. Joubin is an internationally known prospector and …

Inco Gold, a wholly owned subsidiary of Inco Ltd. (TSE), is encouraged with results from the Cochenour-Willans project near Red Lake, Ont., and plans to continue with drilling, bulk sampling and a fea…

ALUMINUM: MW U.S. Market US79.00 cents – 80.00 cents per lb. (Oct 26, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…

An agreement has been signed between Northfield Minerals (ASE) and GSR Acquisitions, to purchase an additional 68.5% interest in the Larder Lake gold project near Kirkland Lake, Ont. GSR is acquiring …

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…

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…

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…

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 …