New funding for Coleraine
Financial assistance up to a maximum of $217,665 to go toward a ferrochrome project in the Thetford Mines, Que., area has been confirmed by the Quebec government, Coleraine Mining Resources (ME) repor…
Articles by Northern Miner Staff
Insider Trading Regal director on buy side
Regal Goldfields (CDN) director Robert Taylor recently increased his position in the Toronto-based diamond exploration company which has options on claims covering a kimberlite pipe northeast of Kirkl…
LAC, Equinox pull big hole at Rosebud gold property
Drilling on the Rosebud property in Nevada by joint venture partners Equinox Resources (TSE) and LAC Minerals (TSE) has returned a 178-ft. intersection grading 0.72 oz. gold per ton. The hole was dri…
FUTURES PRICES (June 24, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 99.40 98.60 98.60 -1.80 Jul 99.80 98.20 99.05 -1.65 Aug…
U.S. REPORT Rochester drops South Mercur
In late May, Rochester Minerals (VSE) announced it had relinquished all interest in the South Mercur gold project in Utah. The company said attempts to renegotiate the terms of the agreement with the …
Agreement made with Prime group
A recent agreement-in-principle was announced by Silver Talon Mines (VSE) relating to several properties in northwestern British Columbia that will be optioned to three Prime group companies. Under it…
BGR vows to fight attempts
Management of Toronto-based BGR Precious Metals (TSE) will vigorously challenge any attempt by Ontario tax authorities to reassess the gold investment firm’s status as a trading entity, shareholders w…
Montreal Exchange Settlement at Faro
After a 10-week strike, Curragh Resources has reached an agreement with employees at the Faro lead-zinc mine in the Yukon. The deal calls for a 17.6% wage increase over three years as well as other pa…
Cochise crews on site at Eastmain
Exploration crews have moved on site at Cochise Resources (ASE) copper property in the Eastmain River area of northern Quebec. Cochise plans to spend $550,000 to map and sample a mineralized granodior…
Strike ends at Faro lead-zinc mine
The 400 union members employed by Curragh Resources’ (TSE) Faro lead-zinc mine in the Yukon have ratified an agreement to end a 10-week strike at the open pit operation. The 3-year deal includes a wa…
Princeton reports loss of $2.3 million in first quarter
A net loss of $2.3 million was reported by Princeton Mining (TSE) for its 1991 first quarter ended March 31, compared to net earnings of $2.3 million for the corresponding period in 1990. The company…
NEWS IN BRIEF Cominco sells smelter interest
Base metal giant Cominco (TSE) recently sold its 45% interest in Mitsubishi Cominco Smelting to Japanese firm, Mitsubishi Materials Corp. Mitsubishi Cominco was formed in 1965 with the objective of s…