St. Genevieve buys shares in Vauquelin
A private placement has been arranged between St. Genevieve Resources (TSE) and Mines Vauquelin (ME) whereby the former will invest $200,900 in the latter in return for slightly more than one million …
1989
Muscocho still sorting out Magnacon start-up problems
Start-up troubles have tended to slow operations at the Magnacon gold mine near Wawa in northern Ontario but operator Muscocho Explorations (TSE) is confident it will succeed in reaching full producti…
Ego finishes program
A drill program has been completed by Ego Resources (TSE) on the company’s B-B Lake zinc prospect, 15 km north of MacLeod Bay, N.W.T. The final results from a 15-hole program include 12.66 ft grading …
Obituary – Viateur Audet
Viateur Audet, a well-known prospector from Val d’Or, Que., died Oct 2. He was 54. Born in St. Mathieu, Que., on Jan 9, 1935, Audet was a prospector for 40 years. He worked all across Canada but most …
Tentative pact at Highland Valley
A tentative settlement has been reached in the 3-month strike at the Highland Valley copper mine near Kamloops, B.C. The mine, which produces about 2.5% of the non-Communist world’s copper output, has…
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Letters to the Editor New York researcher seeks information
I am writing to ask your assistance in contacting any miners, mining engineers or other similar persons who may have an interest in New York State mining. I am currently gathering information on the s…
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…
Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 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. (…
Amalgamation simplifies Northgate group
Toronto-based Northgate Exploration (TSE) is planning to amalgamate four of its western affiliates into a medium-sized gold company capable of producing around 200,000 oz annually. By merging ABM Gold…
Orex plans to mine Goldboro to prove its economic viability
Quebec-based Exploration Orex (ME) is about to develop a large sub-level retreat longhole stope in the upper reaches of the Goldboro deposit, The Northern Miner learned on a recent visit to the proper…
Free Seminar
Geostat Systems International offers a free seminar on “Microcomputer Orebody modelling” to be held in Toronto at the Royal Hotel Nov 23. For registration, contact Geostat Systems International, Claud…