Canada, Chile in joint effort
The governments of Canada and Chile recently signed a letter of intent for an agreement promoting co-operation in mineral technology during the next five years. The two agencies involved are CANMET (C…
Articles by Northern Miner Staff
Suntac drilling ups reserves
Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest …
Gold shrugs off Moscow crisis, brief rally stalls
Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…
Vancouver Stock Exchange (August 26, 1991)
Uncertainty surrounding recent events in the Soviet Union sent VSE indices on a wild ride over the reporting period ended Aug. 20. The composite index touched a low of 551.61 before rebounding to clos…
Wetsuits keep raise workers dry
A Canadian mining contractor working at a project in Indonesia recently resorted to wetsuits to prevent its workers from possibly contacting hypothermia. Ram Raising of Timmins, owned by Redpath and a…
Globex, Noranda in option deal
An option agreement to earn up to a 70% interest in the Lyndhurst project north of Rouyn-Noranda, Que., from Globex Mining Enterprises (ME) has been signed by Noranda Exploration, a unit of Noranda (T…
Crown hurt by drop in Kettle River’s grade
Lower grades as well as slightly lower recoveries at the 30% owned Kettle River gold mine in northeastern Washington are reflected in this year’s first-half results for Crown Resources (VSE). Crown re…
TORONTO STOCK EXCHANGE INDICES (August 26, 1991)
Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 High Low Composite “300” 2485.26 3484.61 3527.54 3534.44 3541.83 4009.47 3009.91 Metals & Minerals 3033.77 3040.22 3061.76 3091.39 3076.54 3453.06 2502.63 Integrated…
GOLD FUNDS (August 26, 1991)
BGR Central Net Value $8.94 $5.01 Price $8.00 $4.700 Discount 10.51% 6.2% Value $53,249,416 $79,074,210…
Toronto Stock Exchange (August 26, 1991)
For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…
Gold Fields explores Eskay camp
A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…
Giant Pacific plans warrant issue
Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …