Toronto Stock Exchange (March 30, 1992)
Aber Resources President Grenville Thomas and associates Christopher Jennings and Robert Gannicott set out during the week ended March 24 to prove that diamond exploration is more than just the flavor…
Articles by Northern Miner Staff
NEWS ROUNDUP (March 30, 1992)
Rio Algom (TSE) has agreed to option Key Anacon Mines’ (TSE) base metal prospect in northern New Brunswick. Under the agreement, Rio must spend $10 million on exploration over five years in order to e…
Industry job trend in decline
The employment decline in Canadian mineral industries which began in 1990 continued in 1991. Reductions brought direct employment in mining and primary metals to 138,343, down 5% from 1990 and the low…
RICHES TO RAGS: — Despite his remarkable gold find, Sam Napier
The two men stealthily filled the hole and pulled their crude plank table over the spot. Then they shuffled about on the tent’s earthen floor in an attempt to wipe out all evidence of their midnight e…
Minnova to fund Pend Oreille
By spending $500,000 on exploration and development at the Pend Oreille lead-zinc project in Washington within the year, Minnova (TSE) will be granted the exclusive option to acquire Kerr Addison Mine…
Goldbelt gets green light for projects in former USSR
Shareholders of Goldbelt Resources (VSE) recently ratified the company’s plans to develop mineral resources in two republics of the Commonwealth of Independent States (the former Soviet Union). Under …
Seniors counting on exploration
Senior North American gold producers churning out over one million oz. of gold per year must find or acquire the equivalent of one Eskay Creek property every two years in order to sustain reserves. By…
Creative thinking needed, Vior president says
A photo of Albert Einstein with the expression “imagination is more important than knowledge” lies next to the desk of Claude St-Jacques, president of Quebec City-based Societe d’Exploration Miniere V…
Copper price to hold in ’92
The price of copper is expected to hold firm, in the range of US90 cents-$1.10 per lb. in 1992, predicts the chairman of Phelps Dodge (NYSE). Douglas Yearley, speaking at an American Copper Council me…
Pure Gold optioning claims
An option to acquire 56 claims surrounding the old No. 5 and Empress mine workings at the Britiannia Mines property in British Columbia has been negotiated with the property owner, Pure Gold Resources…
Geoscience project setting up shop in Whitehorse
A geoscience project employing at least 17 people is setting up shop in Whitehorse under a 5-year Mineral Development Agreement (MDA) between the Yukon and federal governments. Acting MDA co-ordinator…
Juniors investigate Guyana’s potential
Canadian exploration companies are showing renewed interest in Guyana after the local government’s recent decision to sell nationalized industries back to the private sector in a bid to stimulate econ…