Drilling starts at Prime project
Drilling commenced recently at the Eisler Lake, Sask., gold property optioned by Calgary-based partners Leeward Capital (VSE) and American Ore (ASE) from Prime Resources (VSE). Leeward says it is plan…
Articles by Northern Miner Staff
Vancouver Stock Exchange (September 16, 1991)
Market indices turned downward during the week ended Sept. 10; the resource index closed at 550.54 for a loss of 7.50 points and the composite index slipped by less than a point to close at 566.83. Ta…
Inco shelves some Sudbury plans to cut output
Following a summer decline in nickel prices, Inco (TSE) says it will cut back on production, reducing Canadian output for the balance of 1991 by about 10 million lb. Inco, which produces its own nicke…
Adrian plans to drill Sky Creek
A drilling program is planned by Adrian Resources (VSE) to further test a recently discovered zone of massive sulphide mineralization on the Sky Creek property held under option from Skyline Gold (TSE…
Timmins Nickel cuts loss as operating costs decline
Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….
Montanore adit reaches 11,330 ft.
A 15,000 ft. adit being driven into the core of the Montanore deposit from outside of Montana’s Cabinet Mountains wilderness area has reached 11,330 ft. The project is a 45-55 joint venture between Ja…
Correction (September 16, 1991)
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …
New owners for BLM Mines
The controlling shareholder of United Keno Hill Mines (TSE), BLM Mines, has acquired new owners. Romith Investments and Stephen Powell have each acquired, directly or indirectly, 50% of the issued and…
TSE Short Positions (September 16, 1991)
Semi-monthly reports as of August 31, showed 21,859,304 shares of 574 issues compared with 22,502,355 shares of 583 issues on August 15. Larger individual positions included: Amer. Barrick 187,000, do…
Noranda pulls good hole at Goz near Eskay Creek
Recent drilling by a unit of Noranda (TSE) on the Goz-RDN property returned a 38.05-ft. intersection grading 0.7 oz. gold per ton from 154.2-192.25 ft., plus minor values in silver, copper, lead and z…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…