Starmin, Adonos test oxide zone
An exploration verification program aimed in part at determining the tonnage of a near-surface copper oxide zone, the grade of acid-soluble copper and the precious metal (gold and silver) content at t…
Articles by Northern Miner Staff
Great Lakes’ rights offering
Toronto-based junior Great Lakes Minerals (TSE) recently raised $554,220 from a rights offering designed to finance royalty payments at its Keweenaw copper project in northern Michigan. Great Lakes sa…
Total bids for all Energold shares
Total Resources, the parent company of Total Energold (TSE), recently launched a bid to acquire all the shares it does not already own for $1.55 per share. Total Resources, which in turn is a wholly o…
Placer Dome options claims from Mineta
A recent option and joint venture agreement allows Placer Dome (TSE) to earn up to a 70% interest in a land package covering about 7,900 acres located 60 miles north of Kamloops, B.C. The property is …
Platinum supply to outstrip demand
Supply of platinum in 1991 is expected to surpass demand by 210,000 oz., writes metals dealer Johnson Matthey in an interim review. Supplies may increase, because of increased Soviet sales, to 4.1 mil…
NEWS ROUNDUP (December 23, 1991)
Drilling is under way on the 67-unit Hurdman property, about 65 miles north of Timmins, Ont., says owner Noront Resources (VSE). The base metal prospect hosts several mineralized conductors and a half…
EDITORIAL PAGE (December 23, 1991)
The Nunavut land claim agreement signed recently by the federal government and the Tungavick Federation is far from settled. It still has to be approved by a March 16 plebiscite of residents in the ar…
Unlisted Trading (December 23, 1991)
Recently listed Newfoundland Goldbar Resources (CDN) got off to a good start with encouraging results from the Glover Island gold property in western Newfoundland. Optioning the property from ASE-list…
Base metals the key as Yukon exploration spending rises 33%
Mineral exploration spending in the territory rose to $16 million this year from $12 million in 1990. Dennis Ouellette, a geologist with the Whitehorse office of the federal Department of Northern Aff…
INSIDER TRADING (December 23, 1991)
Pierre Gauthier, chairman of 52% owned Noranda (TSE) subsidiary Societe Miniere Louvem (TSE), recently profited by exercising stock options at a discount to the recent market price. According to the O…
Cameco increases reserves at McArthur River project
Recent drilling at the McArthur River joint venture has boosted probable in-situ reserves from 200 million to 260 million lb. of U3O8. The average grade of the deposit has increased from 4% to 5% U3O8…
NEWS IN BRIEF (December 23, 1991)
Pan Oceanic Ventures Inc. (PSV:VSE) has changed its name to Falcon Ventures International Corp. (FNV:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Pacifi…