Rock & Roll drilling resumes
Partners Eurus Resource (VSE) and Thios Resources (VSE) have mobilized a drill rig to test several targets on their Rock & Roll property in northwestern British Columbia. Drilling on the property earl…
Articles by Northern Miner Staff
Low prices force Rio to close North America’s only tin mine
North America will lose its only producing primary tin mine following a decision by Rio Algom (TSE) to close its East Kemptville operation about 60 km northeast of here. The open pit mine, which opene…
Costs lowered at Dome mine
Cash production costs at the Dome gold mine of Placer Dome (TSE) at Timmins, Ont., averaged US$312 per oz. during the first six months of 1991, compared with US$444 for the same period last year, the …
Fort Knox hits low-grade zone
Recently completed drilling in the Shining Tree area of northeastern Ontario has re-turned low-grade base metal values for Fort Knox Gold Resources (TSE). Testing a geophysical target on its 100% owne…
Gold play developing at Brookbank
Geologists working on behalf of Ontex Resources (ASE) are comparing the Brookbank gold deposit near Beardmore, Ont., to a Freewest-type deposit without the rewards of intensive exploration. Current re…
Professor needs funds for review
Consolidated Professor Mines (TSE) says it will need additional funding to pay for future costs associated with an environmental review of its Duport gold project at Shoal Lake west of Kenora, Ont. Pr…
Princeton seeks funds to pay McDame development costs
A prolonged strike at the Similco copper mine in southern British Columbia as well as continuing operating problems at the Cassiar underground asbestos mine in northern B.C. have forced Princeton Mini…
Unlisted Trading (October 07, 1991)
The market seems to have ignored the results of a separate feasibility study on Teddy Bear Valley Mines’ portion of the Lightning gold zone near Matheson, Ont., into which Hemlo Gold Mines, Freewest R…
U.S. REPORT (October 07, 1991)
Copper oxide specialist Arimetco International (TSE) is teaming up with Holcorp Mines (CDN) to acquire a 100% interest in 305 unpatented mining claims located beside Arimetco’s Yerrington mine in Lyon…
Funding available for uranium review
Funding will be available to help the public participate in a joint federal-provincial review of uranium mine developments in northern Saskatchewan. The governments will grant a total of $350,000 to a…
NEWS IN BRIEF (October 07, 1991)
Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.
Spot prices at a glance (October 07, 1991)
Week’s Price (US) Change Gold* $354.40 + $2.00 Silver* $ 4.22 – $0.02 Platinum* $351.25 – $6.25 Nickel** $ 3.44 … Lead** $ 0.24 … Copper $ 1.06 … Zinc $ 0.45 – $0.01 Courtesy of Scotiabank. Info…