NEWS ROUNDUP (December 30, 1991)
Vancouver-based Athabaska Gold Resources (TSE) has obtained financing to acquire from Chevron Minerals the 40% interest it doesn’t already own in the Nicholas Lake gold project in the Northwest Territ…
Articles by Northern Miner Staff
Plaster Rock work to continue
The first phase of drilling on NovaGold Resources’ (TSE) Sewell Brook project near Plaster Rock, N.B., failed to uncover any significant mineralization, but did help to pinpoint alteration zones that …
VIEW FROM THE WEST
Recently I read a book entitled Trashing the Planet by Dixy Lee Ray with Lou Guzzo, which gives a common-sense view of contentious environmental issues. Ray notes that Dr. James Hansen, who in 1988 tr…
Solomon buys Lucky Shot mine
For US$200,000, a unit of Solomon Resources (VSE) recently acquired the Lucky Shot gold mine and related surface facilities which includes a modern 100-ton-per-day mill near Anchorage, Alaska. Solomon…
EDITORIAL PAGE (December 30, 1991)
We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …
INSIDER TRADING (December 30, 1991)
American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…
Cluff raises cash for Ghanian mine; Gold Reserve in Venezuela
Gold Reserve (NASDAQ) says it is forming a Venezuelan subsidiary, Unicorn Mining, to mine for diamonds and gold. On behalf of Unicorn, Gold Reserve has purchased a Venezuelan company with mining equip…
NEWS IN BRIEF (December 30, 1991)
Ticker Tape Resources Ltd. (TKT:VSE) has changed its name to International Ticker Tape Resources Ltd. (ITR:VSE) with a consolidation of capital on a 1-new-for-3.7-old-share basis. The transfer agent i…
FUTURES PRICES (December 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 97.60 96.30 97.40 – 0.75 Jan 97.60 96.60 97.70 – 0.30 Feb 97.80 96.50 97.80 – 1.10 SILVER (in US cents per oz…
Camreco merger is complete
The amalgamation of Camreco (TSE) and Environmental Technologies Investments is complete. Consequently, the common shares of Camreco have been delisted from The Toronto Stock Exchange and replaced by …
Eden Roc gets better grades than planned at African mine
Grades at the Anuiri deposit in Ivory Coast are turning out to be much higher than expected, says Eden Roc Mineral (ASE), which will pour its first gold from the mine by the end of the year. Average g…
Unlisted Trading (December 30, 1991)
The board of Teddy Bear Valley Mines is examining ways to reverse a 1984 share reorganization after determining that the restructuring “failed to meet all legal requirements.” If a plan of arrangement…