Ontex, Placer talks continue
A letter of intent between Ontex Resources (ASE) and Placer Dome (TSE) to finance further exploration on the Brookbank gold property near Beardmore, Ont., has been extended indefinitely. Ontex Vice-Pr…
Articles by Northern Miner Staff
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…
Geoscientists view the world’s deepest drill hole
Geoscientists from around the globe caught a once-in-a-lifetime glimpse of the world’s deepest diamond drill hole when they visited the Kola project in the Soviet Union recently. The drill site, 40 km…
Land claim deal sets stage for new Canadian territory
The creation of a new territory in Canada’s north is a step closer to reality. The federal government in Ottawa and the Tungavik Federation of Nunavut in the Northwest Territories recently reached agr…
FUTURES PRICES (December 09, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 101.75 100.70 101.60 – 3.05 Jan 101.30 100.30 101.30 – 2.95 Feb 100.75 100.35 100.80 – 2.90 SILVER (in US cen…
OBITUARY (December 09, 1991)
Veteran miner Malcolm “Curly” Alexander died recently in Red Lake, Ont. He was 79. Born in Wakaw, Sask., Alexander began his mining career at Placer Dome’s Sigma mine in Val d’Or, Que., before he was …
Rio Algom cancels Uranium offer
Toronto-based Rio Algom (TSE) has withdrawn its US$6.40 a share offer for the 92% interest in Uranium Resources (TSE) it doesn’t already own because of low uranium prices and the company’s high produc…
Gooseberry contributes to Asamera loss
Operations at the Gooseberry mine and tailings project in Nevada were recently suspended by owner Asamera Minerals (TSE) because the project is not economically viable at current gold and silver price…
Mahogany ups reserves at Tuina copper project
A recent hole on International Mahogany’s (TSE) Tuina copper property in Chile encountered a 90-metre intercept grading 1.55% oxide copper in the San Martin open pit. The company says the most recent …
NO HEADLINE (December 09, 1991)
Giant Pacific purchasing Chutine’s Mexican project Giant Pacific Petroleum (VSE), controlled by Australian entrepreneur Chrisilios Kyriakou, has signed a deal with Chutine Resources (TSE) to acquire 1…
MacBride Lake returns zinc values
Drilling on the MacBride Lake property near Lynn Lake, Man., returned a number of zinc and copper intersections for Eastmin Resources (VSE) and Bellex Resources (VSE). Bellex is earning a 49% interest…
Curragh puts Westray coal mine up for sale
Raising money to build new mines in Canada can be a trying experience, especially in today’s tough market conditions. Lead-zinc producer Curragh Resources (TSE) recently cancelled a planned debenture …