Falconbridge hits on Moneta ground
Drilling a 600-metre-long geophysical anomaly on Moneta Porcupine Mines’ (TSE) property in Godfrey Twp., near Timmins, Ont., Falconbridge intersected a narrow vein containing high-grade gold mineraliz…
Articles by Northern Miner Staff
FINANCING (January 13, 1992)
Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 A wts offered @ 40 cents per unit. Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents per sh, also 325,000 n…
On the level (January 13, 1992)
Before closing the books on 1991, there are still a few comments from readers that I’ve failed to address, including the following letter from Westmin Resources’ project geologist Paul Lhotka, Ph.D. “…
Pioneer debt settlements net gain
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) of Vancouver into the black for the 9-month period ended Sept. 30. Net earnings for the period were $12.4 mi…
Sulphur producers form export group
A new marketing organization has been formed by 27 Canadian sulphur producers. Prism Sulphur Corp. began selling western Canadian sulphur to markets outside of North America as of Jan. 1. Prism will i…
Miners downplay Guyana emergency’
Mining companies with properties in Guyana say they aren’t concerned about the recent postponement of local elections following allegations that the ruling Peoples National Congress Party (PNC) had ri…
Uranium price continues to fall
The price of uranium continued to decline, with dealer Nukem recording a November bid-offer price range for U3O8 of US$6.75-7.70 per lb. The mineral began 1991 priced below US$10. The current prices a…
Curragh sells assets to handle liquidity squeeze’
After returning from a skiing vacation in Wyoming, Curragh Resources (TSE) Chairman Clifford Frame has resumed discussions aimed at easing the zinc-lead-coal producer out of its financial plight. With…
Risk management
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Fort Knox raises additional $272,000
Most of the investors holding warrants in Fort Knox Gold Resources (TSE), including Inco (TSE), have exercised those warrants, raising $272,000 for further exploration on the Fawcett Twp. property nea…
LETTERS TO THE EDITOR (January 13, 1992)
In reference to the article “Air prospecting less in demand” (T.N.M., Dec. 2/91), it is true there is less flown now than in the past. But what people must realize is that now the quality of the colle…
Spot prices at a glance (January 13, 1992)
Week’s Price (US) Change Gold* $350.30 – $3.10 Silver* $ 3.95 + $0.09 Platinum*$335.50+ $1.30 Nickel**$ 3.31 + $0.06 Lead** $ 0.24 $0.00 Copper $ 0.95 – $0.03 Zinc $ 0.51 – $0.02 Courtesy of Scotiaban…