Promising assays for Kirkton
Kirkton Resources (CDN) has received some encouraging results from a recently completed trenching and sampling program on its Shunsby base metal prospect in the Swayze greenstone belt southwest of Tim…
Articles by Northern Miner Staff
PEOPLE (August 26, 1991)
William Trimble appointed president and director; Fraser Martin appointed secretary/director.
Another hit at Myra Falls
The latest assay results released by Westmin Resources (TSE) appear to show a westerly extension of the high-grade Gap zone discovered earlier this year on the Myra Falls mine property near Campbell R…
FINANCING (August 26, 1991)
Internova Resources Ltd. – 600,000 shs offered @ 26 cents per sh. Garde, Mining Exploration Company Inc. – 860,000 units consisting of 1 class A sh and 1 wt offered @ 45 cents per sh. Southern Alberta…
PROFILE (August 26, 1991)
Early this year, nickel giant Falconbridge Ltd. placed a new man at the helm. Frank Pickard, 57, who has been with the company since the 1950s, succeeded Alex Balogh to become president in January. So…
U.S. REPORT (August 26, 1991)
Halifax-based NovaGold Resources (TSE) will begin exploration on 55 claims contiguous to its Sawtooth property in Nevada, following an agreement with the WX syndicate, a group consisting of Westfield …
Princeton faces tougher times
The first six months of this year have been tough ones for Princeton Mining (TSE) because of operating challenges and labor disputes at both its mines. The company is reporting a first-half loss of $7…
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…
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…