NEWS IN BRIEF (August 03, 1992)
A numbered Ontario company has purchased a 51.9% interest in Kayorum Gold Mines (CDN) from Labrador Exploration and Mining. Intending to reactivate Kayorum as an exploration company, 792843 Ontario ac…
Articles by Northern Miner Staff
Steen elected Homestake president
Large gold producer Home-stake Mining (TSE) has a new president. Peter Steen moves from the president’s chair at International Corona (TSE), which has been taken over by Homestake, to the position of …
Aur options Morgain properties
Aur Resources (TSE) has taken an option on Morgain Minerals’ (VSE) base metal properties in New Hampshire. Under the agreement, Aur can earn a 60% interest in the Higgins, Milan, Paddock and New Hamps…
Gold transactions in U.S. in decline
Gold resource transactions in the U.S. in 1991 dropped for the fourth year in a row, reports Colorado consulting firm Balfour Holdings. Last year, 58 transactions were completed, the lowest level sinc…
Ansil works out $4-million deal with Minnova
An agreement worked out between Minnova (TSE) and Ansil Resources (CDN) will see Ansil receive $4 million in cash from Minnova. The sum represents the purchase of all of Ansil’s past and future royalt…
Decline of mineral reserves a major concern
The outlook for sustained production of many of Canada’s metals is gloomy, says a recent report by Energy Mines and Resources Canada. Seven metals — copper, nickel, lead, zinc, molybdenum, silver and…
Redfern plans drill program at Tulsequah Chief property
A drilling program at the Tulsequah Chief property in northwestern British Columbia is expected to begin in the second week of August. Redfern Resources (TSE) now holds a 100% interest in the property…
Aber extends D zone at High Lake
Recent drilling on the High Lake project in the Northwest Territories, a joint venture between Aber Resources (TSE) and Kennecott, has outlined a steeply dipping panel of base metal mineralization wit…
Curragh records quarterly profit
Improved second-quarter earnings based partially on higher zinc prices and a lower Canadian dollar were reported by Curragh (TSE). The Toronto-based company, which mines zinc and lead in the Yukon, re…
EDITORIAL PAGE — Directors no more
Are directors of public companies on their way to becoming an endangered species? If so, who would want to become a director in the first place? In Vancouver recently, six of nine members of the board…
EDITORIAL PAGE — Pivotal stock transaction
It is said that the really serious participants in an activity or discipline become so caught up in their endeavors that they are able to think of nothing else 24 hours per day. The condition applies …
MINER DETAILS — Studies, studies and more studies
Mining companies hoping to bring a new mine on stream in British Columbia must go through three stages of the province’s mine development review process before getting the final go-ahead. If the proje…