Reserves up 27% at Andacollo
A 27% increase in overall minable reserves was reported by Dayton Mining (TSE) for its 100% owned Andacollo gold project in central Chile. That’s good news for Dayton, a technically oriented junior wh…
Articles by Northern Miner Staff
Ownership puzzle confounds efforts to develop Holloway
Companies with a stake in the Lightning gold zone east of Timmins, Ont., have gathered around the bargaining table in an effort to create a single mine property. But considering the deposit represents…
Gap zone drilling returns high grades
Stepout drilling by Westmin Resources (TSE) has returned another spectacular intersection from the Gap zone on the company’s Myra Falls mine property near Campbell River, B.C. Assays are expected shor…
Unlisted Trading (October 14, 1991)
Trouble is brewing in the boardroom of Teddy Bear Valley Mines, following recent allegations by former director Paul Zyla. Zyla, who has initiated legal proceedings against the company and Chairman Ro…
Alberta Stock Exchange (October 14, 1991)
The market reacted strongly to assays released from Takla Star Resources’ AOK property in northern British Columbia, sending the stock down 35 cents to 20 cents during the week ended Oct. 8. Takla say…
Test milling planned for Tillicum
A recent agreement between Columbia Gold Mines (VSE) and the Goldstream mine joint venture will provide for test milling and concentrating of gold reserves from Columbia’s Tillicum property near Burto…
U.S. REPORT (October 14, 1991)
With the first phase of this year’s drilling now complete, partners Arizona Star (VSE) and Glamis Gold (TSE) expect to start a second-phase program shortly on the Imperial County joint venture in sout…
Breakwater’s bitter legacy still haunts Corona
A fountain of red ink is still spewing from Breakwater Resources (TSE) following an ill-fated strategic plan to have the company become an integrated zinc producer. In the 1991 first half, Breakwater …
New autoclave officially opened at Campbell mine
Gold producer Placer Dome (TSE) officially opened its new pressure oxidation plant at the Campbell mine near Red Lake, Ont., on Oct. 3. The new autoclave facility will provide a major environmental bo…
NO HEADLINE (October 14, 1991)
PRODUCER PRICES ALUMINUM: MW U.S. market US54.25-55.50 cents per lb. (Sep. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep…
Arimathaea sells Mid-East stake
Toronto-based Arimathaea Resources (TSE) recently sold its 19.9% stake in Australian company Mid-East Minerals at an average of just over A30 cent per share, resulting in a net profit of US$990,000. T…
NEWS IN BRIEF (October 14, 1991)
Tandem Resources (ME) reported increasing its interest in North American Rare Metals (ME) to 28.5% by purchasing 770,000 shares on the open market.