Tanqueray strikes deal with Westmin
Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…
Articles by Northern Miner Staff
Rio buys 9.9% of El Condor for its stake in Kemess project
A recently arranged private placement of 1.07 million common shares priced at $2.80 each gives Rio Algom (TSE) an initial foothold in El Condor Resources (VSE) and its Kemess gold-copper project in no…
BOOK BRIEFS (August 26, 1991)
Yesterday, Today and Tomorrow, by Matt Bray and Ross Danaher. Published by The Association of Mining Municipalities of Ontario. 45 Hillside Drive North, Elliot Lake, Ont. P5A 1X5. 38 pages. The Associ…
Cambior shifts to base metals with U.S. acquisition
Gold producer Cambior (TSE) has made a move into the base metal field south of the border by acquiring a company with copper prospects in Arizona, Idaho and Nevada. A wholly owned subsidiary, Cambior …
Ontario gives grants worth $4 million for exploration
Ontario’s Ministry of Northern Development and Mines approved 420 applications representing $4 million in grants for funding this year under the Ontario Prospectors Assistance Program (OPAP), the mini…
Citadel finds new zones in Jamaica
Grab samples from an old trench on the Job’s Hill property in Jamaica have returned assays of up to 8.9% copper, 0.14% molybdenum, 0.12 oz. gold per ton and 2.2 oz. silver for Citadel Gold Mines (TSE)…
Galactic cuts first-half loss while Ridgeway output falls
The net loss for Galactic Resources (TSE) totalled US$2.15 million during the 1991 first half, compared to net income of US$6.98 million in the same period last year. The loss includes an after-tax ga…
FUTURES PRICES (August 26, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 99.75 99.20 99.20 – 1.10 Sep 99.80 99.00 99.10 – 1.25 Oct 98.90 98.90 98.70 – 2.05 SILVER (in US cents per oz…
NO HEADLINE (August 26, 1991)
Options Open Series Volume Last Interest Aug 360 P 15 3.00 0 The New York closing gold price was $357.50 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the cl…
GUEST COLUMN (August 26, 1991)
With the proclamation of the 1989 Mining Amendment Act (MAA) on June 3, the mining industry is faced with the most significant amendments ever made to Ontario’s Mining Act. At the annual general meeti…
Temagami claims’ status uncertain following court decision
A 9,800-sq.-km area near Cobalt, Ont., may be reopened for staking if the Ontario government and Teme-Augama Anishnabai band agree to lift a 20-year-old land caution on the mineral-rich ground. Follow…
Alberta Stock Exchange (August 26, 1991)
North American Gold was the top trader on the Alberta Stock Exchange for the week ended Aug. 20 with 286,300 shares changing hands. It closed down 38 cents at $3.75, representing more than $1 million …