Morrison selling Aerodat interest
Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…
Articles by Northern Miner Staff
Rayrock buys 20% of New Canamin
Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…
Durga writes off exploration costs
Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…
Belmoral gets $2 m refundable credit
Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…
Fate of syndicate formed in 1927 clouds Holloway ownership picture
Members of a 64-year-old syndicate are beginning to crawl out of the woodwork as the value of the Teddy Bear Valley Mines’ (CDN) 18-claim property near Matheson, Ont., becomes apparent. The Teddy Bear…
Correction (October 14, 1991)
Hemlo Gold Mines (TSE) has estimated preliminary reserves at the Lightning zone to be 5 million tonnes grading 0.27 oz. gold per tonne (5.5 million tons grading 0.25 oz. per ton). An incorrect figure …
Shareholders give nod to Corona restructuring proposal
Shareholders of International Corona (TSE) voted overwhelmingly in favor of a controversial proposal to become a pure gold mining company by transferring its non-gold assets into a new public company,…
NWMA sponsors report competition
A new feature has been added to this year’s Northwest Mining Association annual convention and trade show to be held in Spokane, Wash., Dec. 1-6. The well-attended convention attracts participants fro…
NEWS ROUNDUP (October 14, 1991)
Because of supply disruptions and technical difficulties, zinc metal production at Noranda Minerals’ electrolytic reduction plant at Valleyfield, Que., is expected to be below its 230,000-tonne-per-ye…
TSE Short Positions (October 14, 1991)
Semi-monthly reports as of September 30, showed 21,525,116 shares of 590 issues compared with 22,743,881 shares of 607 issues on September 15. Larger individual positions included: Amax Gold 117,300, …
LETTERS TO THE EDITOR (October 14, 1991)
After 25 years of reading your paper and being actively involved in the mining exploration industry, I think M.R. Brown’s column “Mining ranks behind native issues, clams, dragonflies” (T.N.M., Sept. …
PEOPLE (October 14, 1991)
John Paterson appointed vice-president, operations and director.