Minnova confirms Benoit reserves
The first phase of drilling completed on the Benoit property southeast of Miquelon, Que., established the continuity of the known zone but failed to intersect any additional gold zones. Minnova (TSE),…
Articles by Northern Miner Staff
Governor General opens MacMillan mineral gallery
“A great day for Canadian mining” was the consensus of some 500 invited guests attending the recent gala opening of the Viola MacMillan Mineral Gallery here. The gallery provides a home for the magnif…
Taseko earmarks $8.5 million for Fish Lake work
Private placement financing totalling $7.1 million has been arranged by Taseko Mines (VSE), allowing the company to proceed with an $8.5-million exploration, engineering, feasibility and permitting pr…
Metal prices, summer strike cause 1991 loss for Curragh
Weak metal prices and a summer strike at the Faro, Yukon, zinc-lead mine, forced Toronto-based Curragh Resources (TSE) to take a net loss of $98.3 million or $3.06 per share in fiscal 1991. In 1990, C…
Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…
PRODUCER PRICES (March 16, 1992)
ALUMINUM: MW U.S. market US61-62 cents per lb. (Feb. 27, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CADMIUM: …
Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
Wedged hole cuts zone at Vior’s Douay project
The wedging of a previously drilled hole on the Douay gold property in the Casa Berardi area of Quebec resulted in the intersection of a known mineralized zone, Societe d’Exploration Miniere Vior (ME)…
TSE Short Positions (March 16, 1992)
Semi-monthly reports as of February 28, showed 24,809,797 shares of 611 issues compared with 24,638,727 shares of 600 issues on February 15. Larger individual positions included: Amer. Barrick 225,075…
Alberta Stock Exchange (March 16, 1992)
Topping the most active list at over one million shares, Argus Resources tacked on 2 cents to close at 32 cents for the week ended March 10. The Calgary-based junior has a sizable land position in the…
Verdstone raises funds for drilling
Drilling is expected to begin shortly on the Newton Hill gold-copper property under option to Verdstone Gold (VSE). The company recently completed a unit offering consisting of 600,000 shares and 1.2 …