Soocana split
Shareholders of Soocana Explorations (ASE) approved a 2-for-1-share split, the company says. Soocana is planning a rights offering, subject to regulatory approval, designed to raise finds for an explo…
Articles by Northern Miner Staff
Kenora band to manage sand, gravel works
The Rat Portage First Nation near Kenora, Ont., recently took over management of its sand and gravel resources after signing a 5-year agreement with the federal government. The Indian band established…
BHP, Dia search for diamonds
Drilling at the Point Lake diamond exploration project in the Northwest Territories intersected host-rock kimberlite from 140 metres to 280 metres (the end of the hole), joint venture partners BHP-Uta…
All six holes cut sulphides at Lockwood near Seattle
Since taking on the Lockwood project 30 miles from Seattle, Wash., a unit of Kennecott has drilled six holes on the Hole 8 zone discovery with all of the holes intersecting polymetallic massive sulphi…
FINANCING (November 11, 1991)
North Slope Minerals Inc – 1,250,000 shs offered @ 25 per sh. Founder Resources Inc – 910,000 units consisting of 1 sh and 1/2 wt offered @ 45 cents per unit. Toltec Resources Ltd – 1,000,000 units co…
Taseko Mines looking for buyer
With this year’s 9-hole drilling program on the Fish Lake deposit near Williams Lake, B.C., complete, Taseko Mines (VSE) is searching for a buyer. Taseko is the operator of the project under a 3-year …
Wheaton River to sell stake in Yukon project
Wheaton River Minerals (TSE) is negotiating to sell a portion of its wholly owned Mount Skukum gold project as a way of raising the $4.5 million needed to bring the Yukon project into production. As W…
Loki ups reserves estimate at Brewery Creek project
The Brewery Creek gold project near Dawson, Yukon, is now reported to contain preliminary reserves in nine shallow deposits totalling about 16.5 million tons (diluted) at an average grade of 0.054 oz….
Lassonde to depict Soviet sojourn
Pierre Lassonde will be the speaker at a luncheon hosted by the Canadian Institute of Mining, Metallurgy and Petroleum, Nov. 21, at Toronto’s Royal York Hotel. With the aid of slides, he will talk abo…
Industrial minerals focus of conference (November 11, 1991)
If metals create the skeleton of an industrialized society, then non-metallic minerals form the flesh. Commonplace as they seem, industrial minerals enter practically every phase of life. They are the…
Metal prices pull price index down
Falling metal and mineral prices contributed to a decline in the commodity price index of Scotiabank in September of 0.7% from August. The all-items index is at its lowest level since May, 1987. Both …
Claude’s Seabee mine enters tune-up phase
Having brought its high-grade Seabee gold mine in Saskatchewan to the threshold of production, Claude Resources (TSE) expects to announce the first gold pour within the next couple of weeks. Only the …