NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…
Articles by Northern Miner Staff
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…
MINER DETAILS (March 09, 1992)
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
Asarco drops Frasergold after spending $3.4 million
After spending $3.4 million on exploration during the past two years, a unit of Asarco (NYSE) recently dropped all rights to earn an interest in the Frasergold property under the terms of a 1990 optio…
Vancouver Stock Exchange (March 09, 1992)
Investors on the VSE are showing a bias for non-resource issues, but despite this trend, the VSE resource index managed an 11.48-point gain to 530.27 during the week ended March 3. The composite index…
Montreal Exchange (March 09, 1992)
Continuing its active trading during the week ended March 3 was Orient Resources, which has a busy slate of exploration programs, including a joint venture at a gold property in Benoit Twp. in northwe…
Dasserat nixes Bellex deal
Following a due diligence review, Dasserat Developments (VSE) elected not to proceed with an earn-in agreement on the Monument Bay project in northeastern Manitoba. The company recently announced a de…
Vangold plans development on gold property at Rossland
An underground development program is being planned by Vangold Resources (VSE) for the North Belt gold property at Rossland, B.C. T.The company holds a 66% interest in the property after spending an a…
U.S. REPORT (March 09, 1992)
In order to get a better handle on deep mineralization below open pit reserves, Atlanta Gold (TSE) may rehabilitate some old underground workings at its 100% owned Atlanta Gold property in Elmore Cty….
Restructuring plans at Breakwater
The previously announced corporate restructuring of Breakwater Resources (TSE) moved a step closer to fruition with the recent execution of a formal agreement with a group headed by Roy Shipes of Tucs…
Cominco Res. records operating profit
The Glenbrook Nickel, Buckhorn and Maria operations achieved a combined operating profit of $6.79 million for Cominco Resources International (TSE) in 1991. But after writing off abandoned properties …
Record diamond output at Argyle
The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…