EDITORIAL PAGE (September 02, 1991)
There are few rays of sunshine for junior gold companies these days. The precious metal has lost a great deal of its lustre over the past decade. The gold price has been on a downtrend since the Ameri…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR (September 02, 1991)
Further to the article “Temagami claims’ status uncertain following court decision,” by Virginia Heffernan (T.N.M., Aug. 26/91), I would like to make the following points. — The Sudbury anomaly is 60…
Inco to invest in African diamonds
Nickel producer Inco (TSE) will try its luck in the diamond business after signing an agreement with the government of Ghana. In a joint announcement with Lazare Kaplan International, a New York-based…
Tantalus moving drill to test new zone at Treaty Creek
A drill rig is being moved to test the recent discovery of a new zone of base and precious mineralization on the Treaty Creek property in northwestern British Columbia. The prospecting discovery was m…
Canadians respond to Mexican investment changes
Many major Canadian mining companies have opened offices in Mexico in response to a series of changes instituted by the Mexican government to make the mining industry more attractive to both foreign a…
Hol-Lac placement
Hol-Lac Gold Mines (CDN) completed a $150,000 private placement involving 750,000 shares at 20 cents per share and a similar number of warrants exercisable at 20 cents per share to Aug. 27, 1994. Subs…
New contract at Falconbridge
Union workers at the Sudbury, Ont., operations of Falconbridge voted 68% in favor of a new 3-year contract. Ratification came the day before a strike deadline by members of the Mine, Mill and Smelter …
Drilling continues at Brewery Creek
A second-phase program aimed at exploration for new zones and zone extensions will be carried out over the balance of this summer and fall at the Brewery Creek gold property near Dawson, Yukon. The pr…
Impala, Candela strike out
No significant results were reported by Candela Resources (VSE) from a limited 4-hole drill program recently completed on the Swan copper-gold prospect in central British Columbia. An associated compa…
Stratabound set to ship first ore from CNE mine
Calgary-based Stratabound Minerals (ASE) expects to be shipping its first truckload of ore from the Captain North Extension (CNE) lead-zinc deposit in New Brunswick by the end of August. “Depending on…
Crown arranges needed financing
An investment bank has provided a firm commitment to complete a US$15-million debenture issue for Crown Resources (VSE) in Europe. The notes are due in 2001, carry a 5.75% coupon, and are convertible …
Drilling to start at Norite project
Drilling is expected to begin shortly at the Norite project in northern Saskatchewan. The property is owned by Consolidated Pine Channel Gold (VSE) and is under option to Noranda (TSE) which can earn …