Horne Fault takes option on tailings
In return for a US$2.5-million payment, Horne Fault Mines (CDN) has been given the option to acquire a 2.2% net smelter royalty on a gold tailings recovery operation in the southwestern U.S. A metallu…
Articles by Northern Miner Staff
Unuk drilling sparks market activity
Drilling on the Unuk project in the Eskay Creek region of northwestern British Columbia is generating some market excitement, particularly in the two junior companies involved. Granges (TSE) recently …
Trev increases Jamaican holdings
Calgary-based Trev (ASE), which is becoming increasingly active in the mineral exploration business, says it has expanded its Bellas Gate property in Jamaica to encompass more than 44 square miles. Th…
Montreal Exchange (September 30, 1991)
Daily trading volumes ranged between 3.8 million and 5.4 million shares and both the market portfolio and mining and minerals index took losses during the week ended Sept. 24. The market portfolio was…
Sa Dena Hes mine officially opened
The new Sa Dena Hes lead-zinc mine at Watson Lake, Yukon, was officially opened Sept. 24 by joint venture partners Curragh Resources (TSE) and Hillsborough Resources (TSE). The new mine, known formerl…
TSE Short Positions (September 30, 1991)
Semi-monthly reports as of September 15, showed 22,743,881 shares of 607 issues compared with 21,859,304 shares of 574 issues on August 31. Larger individual positions included: Alliance Res. 48,500, …
PROFILE (September 30, 1991)
The time: after dark. The place: an Ontario provincial park. Prospector Pete, who wears a grizzly red beard and a funny old hat, comes from the ice age. Stomping around in big boots before an audience…
INSIDER TRADING (September 30, 1991)
Michael Pickens, the Yorkton Securities mining analyst who was instrumental in helping Wheaton River Minerals (TSE) to sell its initial public offering, recently became a shareholder of the Toronto ju…
Sulphur abatement plans continue at Inco’s Sudbury area operations
Despite the announcement by Inco (TSE) that it will be reducing employment levels at its Sudbury district operations through voluntary early retirement incentives, the company’s sulphur abatement prog…
Ontex options Brookbank to Placer Dome
Exploration could resume as early as November on a group of Beardmore, Ont., gold claims awarded to Ontex Resources (ASE) following its recent court battle with Metalore Resources (TSE). Ontex has sig…
Industry concerns presented at conference
Industry representatives took advantage of the unusually open format at this year’s Mines Ministers’ conference to express their concerns about the continuing demise of mining and particularly explora…
New Paymaster reserve awaited
An updated reserve report is being prepared by Placer Dome (TSE) and American Reserve Mining (ME) following the completion of the current phase of deep drilling at the Paymaster gold project at Timmin…