FREE MARKET (November 04, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 Copper 1384-1385 1386-1387 1374-1375 1383-1385 13…
Articles by Northern Miner Staff
INSIDER TRADING (November 04, 1991)
Oklahoma oilman George Kaiser struck a bargain when he secured control of Toronto-based palladium-platinum explorer Madeleine Mines (TSE). According to the Ontario Securities Commission OSC Bulletin, …
Placer options USMX ground
Colorado-based USMX (NASDAQ) recently granted Placer Dome (TSE) the right to explore and to purchase two separate blocks of ground in White Pine Cty., Nev. The blocks make up a small portion of USMX’s…
Southern Chile focus for Arauco
Four local mining groups have teamed up to form a new company directed exclusively at finding mineral deposits in Latin America, with Southern Chile being the primary exploration target. The venture i…
Curragh selling smelter interest (November 04, 1991)
Toronto-based Curragh Resources (TSE) is negotiating to sell its 20.8% interest in Spanish smelting company Asturiana De Zinc SA, says Chairman Clifford Frame. Under a proposed agreement, the Spanish …
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
Fortune’s samples give gold values
Recent work by Fortune Minerals (CDN) on its Robin claims in the Russell Lake area of the Northwest Territories has returned encouraging results. A batch of 10 grab samples taken along the southern ex…
Loki, Hemlo discover new gold zone at Brewery Creek
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
Mirage reaches target depth
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake mines first ore at high-grade uranium deposit
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…
Midas rights
Midas Minerals (TSE) plans a rights offering, subject to regulatory approval, under which shareholders of record (in Ontario and Nova Scotia) on Nov. 5 will receive one right for each common share own…