Crown Butte’s New World hottest play in Montana
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Articles by Northern Miner Staff
Focus on Washington’s Republic gold camp
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
1991 — A Look Back (January 06, 1992)
Low metal prices and a nation-wide recession shattered central Canada’s once vibrant mining sector in 1991. As mines closed, balance sheets bled and exploration geologists fled to more hospitable envi…
Bema to float convertible deb
Subject to regulatory approval, Yorkton Securities has agreed to complete a brokered private placement of up to $9 million in convertible debentures for Bema Gold (TSE). The debentures pay 8% and are …
NEWS ROUNDUP (January 06, 1992)
A production record was set by Minerex Resources (TSE) for the quarter ended Nov. 30. The company reports third-quarter gold production of 12,770 oz. from its 50% owned Aurora Partnership mine near Ha…
American Chromium to merge with Courageous
Subject to regulatory approvals, American Chromium (ASE) and Courageous Exploration (ASE) will amalgamate on Jan. 1, 1992. Shareholders of both companies approved the merger to form Rhonda Mining at s…
Spot prices at a glance (January 06, 1992)
Week’s Price (US) Change Gold* $353.40 – $ 6.00 Silver* $ 3.86 – $0.04 Platinum*$334.20 – $5.65 Nickel**$ 3.25 $0.00 Lead** $ 0.24 – $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 $0.00 Courtesy of Scotiabank….
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…
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…