Thunderwood hits new Scott Lake zone
Partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have intersected a new zinc-copper-silver massive sulphide zone at their equally owned Scott Lake claims west of Chibougamau, Que. S…
Articles by Northern Miner Staff
EDITORIAL PAGE (January 06, 1992)
The new Russian government has decided that mining is not one of the industries it plans to privatize in 1992, according to a report from the Reuters news agency. Science Minister Boris Saltykov told …
Vancouver Stock Exchange (January 06, 1992)
The end of 1991 capped a year dominated by “shooting stars,” issues whose share prices peaked on great expectations only to be slammed to the basement when prospects fizzled. Eurus Resource and Thios …
SB shows that small mines can make a profit
The SB gold mining venture was small and short-lived, but it was profitable and an operating success for 50-50 partners, Westmin Resources (TSE) and Tenajon Resources (VSE). “We’re pleased that everyt…
Teddy Bear syndicate may regain equity lost in 1984 consolidation
Teddy Bear Valley Mines (CDN) is hoping to reverse a 1984 share reorganization which concentrated ownership of the company in the hands of just a few investors. Recently, Teddy Bear’s board of directo…
Edmonton’s placer miners don’t gauge success by profit
In Alberta, the 30-member Edmonton Gold Prospectors Association (EGPA) is sustaining a forgotten chapter in Canadian mining history — placer mining in a province where “minerals” means oil, and gold …
Pioneer approves debt settlement
Shareholders of Pioneer Metals (TSE) recently approved a proposed restructuring and debt settlement agreement with Chase Manhattan Bank. Chase held Pioneer secured debt totalling about $21 million whi…
Unlisted Trading (January 06, 1992)
Property neighbors White Star Copper Mines and Chance Mining and Exploration emerged as the most active traders during an otherwise quiet Christmas week as Falconbridge Ltd. announced plans to explore…
Champion Bear raises drilling fund
Champion Bear Resources (ASE) has raised $605,000 for ongoing drilling at its One Man Lake gold-base metal prospect near Kenora, Ont. The company raised the funds by selling flow-through common shares…
Alberta Stock Exchange (January 06, 1992)
A quiet holiday week followed a difficult year for mining stocks on the exchange. None of the issues saw more than 100,000 shares change hands for the week ended Dec. 30., while most traded less than …
Sikaman gold to buy placer mine
In keeping with plans to shift its focus toward North America, Sikaman Gold Resources (TSE) is set to purchase and develop the Sol Wood placer gold mine in California as soon as financing is available…
FUTURES PRICES (January 06, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 98.30 97.40 97.70 0.00 Feb 98.20 98.20 98.05 + 0.25 Mar 99.10 98.10 …. SILVER (in US cents per oz.) Jan 385…