Black Hawk bids for Knox permit
Now that a new set of mining regulations has been approved by the State of Maine, Black Hawk Mining (TSE) is attempting to become the first mining company in over a decade to obtain a mining permit th…
Articles by Northern Miner Staff
Royal Oak eyes potential in Athabaska
Armed with funds from a recently announced private placement, Athabaska Gold Resources (TSE) is gearing up to resume exploration of its 60% owned Nicholas Lake gold project, 60 miles north of Yellowkn…
Arimathaea boss exercises options
Graham Ferguson Lacey, the new chairman of Toronto-based Arimathaea Resources (TSE) recently exercised his rights under a management stock option plan to acquire 85,000 of the company’s common shares….
Significant intersection at Fort Knox
Recent drilling on the Fort Knox property near Fairbanks, Alaska, has returned a 530-ft. intersection grading 0.42 oz. gold per ton in hole 91-319. Fairbanks Gold (TSE) owns a 51% interest in the prop…
Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
Timmins Nickel completes issue
Timmins Nickel (TSE) has raised gross proceeds of $5 million after completing and closing an issue of five million special warrants. Each special warrant, priced at $1 each, entitles the holder to one…
Drilling at Sutton property returns wide intersections
A drilling program on the Marudi Mountain gold property owned by Sutton Resources (VSE) has returned a number of good intersections. The property, in southern Guyana, was acquired last year subject to…
On the Level – One-industry towns have had their day
Should government be bailing out one-industry towns that inevitably run into trouble? Ontario’s Elliot Lake is a classic example. Did its founders and fathers really think its albeit large deposits of…
Cominco Res. reports turnaround
Improved financial and operating results were reported by Cominco Resources International (TSE) for its 1991 second quarter ended June 30. During the period the company tallied a modest loss of $269,0…
Wheaton to bid for Omni Res.
Having recently purchased Mount Skukum mill southwest of Whitehorse, Yukon, Toronto-based Wheaton River Minerals (TSE) says it intends to make a takeover bid for all the outstanding shares of Omni Res…
INSIDER TRADING (August 19, 1991)
American Barrick Resources (TSE) may have dropped its plan to merge with Newmont Mining (NYSE) of Denver, but executives within the Toronto company continue to make money in the stock market. Accordin…
Pan East extends debenture term
In order to extend the term of its loan, Pan East Resources (ASE) will amend its Series 1989 debentures. Currently payable on demand, the debentures will become payable on Aug. 31, 1992. As well, the …