Montreal Exchange (October 21, 1991)
Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…
Articles by Northern Miner Staff
Diamond sampling at Guyana project
Preliminary bulk testing of diamond-bearing gravels on a 400-sq.-km Guyana concession optioned by South American Goldfields (TSE) from Golden Star Resources (TSE) commenced recently. Approximately 25 …
Teck hits zinc-gold zone at Tache
Surface sampling by Teck (TSE) has identified a massive sulphide horizon on the Tache Lake property just outside the town of Chibougamau, Que. Labelled the East zone, the new horizon has been exposed …
PEOPLE (October 21, 1991)
Donald Currie appointed director.
PDAC president illustrates Canada’s falling exploration
The Australian mining industry spends $10 on exploration and development for every $100 in production revenues. By comparison, the Canadian industry spends about $2.50, says Fenton Scott, president of…
EDITORIAL PAGE (October 21, 1991)
Canada’s premier association of mining professionals — the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) — is facing a cash crunch and unless steps are taken to change the way it deri…
LETTERS TO THE EDITOR (October 21, 1991)
Incorrect ownership was reported in the story “Montanore adit reaches 11,330 ft.” (T.N.M., Sept. 16/91). The Montana copper-silver project in question is owned 45% by Montana Reserves Co. and 55% by N…
Near Quebec City Soquem drills base metal find
Soquem, the Quebec government’s mineral exploration company, has discovered zinc-copper-silver-gold mineralization on its wholly owned Dussault property, 40 km northwest of the former Montauban mines …
NEWS IN BRIEF (October 21, 1991)
Glenvet Resources Ltd. (GVT:VSE) has changed its name to Fort Point Resources Ltd. (FTP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
NEWS ROUNDUP (October 21, 1991)
Because of recent changes in management and the threat of another mail strike, Toronto-based Madeleine Mines (TSE) has postponed its annual meeting until further notice. The annual meeting was schedul…
U.S. REPORT (October 21, 1991)
Despite its success with the Crown Jewel and Kettle River projects in northeastern Washington state, Crown Resources (VSE) does not appear willing to rest on its laurels. Crown is actively searching f…
Alberta Stock Exchange (October 21, 1991)
Taking the word “gold” out of its name and replacing it with “technologies” did a lot to boost the value of North American Gold during the week ended Oct. 15. Trading more than 260,000 shares, the Mic…