Unlisted Trading (August 19, 1991)
Exploration programs in Manitoba and Mexico helped the share value of Canmine Resources to rebound recently. The company’s stock was in a low-high range of 17-21 cents and 40,000 shares changed hands …
Articles by Northern Miner Staff
Spectrum hole cuts high-grade values
As predicted, hole 76 drilled at the Spectrum property in northwestern British Columbia returned some of the highest-grade values seen to date on the property. This year’s program is operated by Colum…
New SOQUEM president named
The mineral exploration arm of the Quebec government, Societe quebecoise d’exploration miniere (SOQUEM), has a new chief. Yves Harvey, 41, was recently nominated by the Quebec cabinet as president and…
Scotia, Phelps begin drilling
Financed by Phelps Dodge of Canada, Scotia Prime Minerals (ASE) has started drilling a portfolio of Nova Scotian properties. Under the current program, expected to be complete by the end of September,…
Plane crash claims Hanson, Larche injured
Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…
Falconbridge Gold pursues Canamax assets
Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …
Mineta, Auden amend deal
Under an amended agreement between Glen Auden Resources (TSE) and Mineta Resources (VSE), Mineta can purchase, at any time, a 2% net smelter royalty on the partners’ 25-claim property in Casa Berardi …
Hillsborough, Brinco discuss merger
Lead-zinc producer Hillsborough Resources (TSE) and coal producer Consolidated Brinco (TSE) are negotiating a corporate merger. The two companies reported signing a letter of intent for the merger. Th…
Seven rigs on site Active drill program at New World project
With five core and two reverse circulation drill rigs at work, the New World gold-silver-copper project in Park Cty., Mont., ranks among the most active mineral projects currently being explored and d…
U.S. REPORT (August 19, 1991)
North America’s largest gold producer, Newmont Gold (NYSE), reported pouring its 10 millionth oz. Aug. 1 from its mines on the Carlin Trend in northeastern Nevada. Newmont brought its first Carlin Tre…
Large wollastonite find uncovered at Lac St-Jean
Exploration has uncovered a 100-million-tonne deposit of wollastonite in the Lac St-Jean region of Quebec. According to the Quebec Ministry of Energy and Resources, this figure makes the deposit the l…
EDITORIAL PAGE (August 19, 1991)
Canadians are being taxed into an economic grave. Perhaps it’s time to be taking a hard look at the likes of Algoma Steel. We certainly don’t envy the task of Earl Joudrie, its new chairman trying to …