American Bullion (June 24, 1991)
A private placement of 200,000 units at 50 cents each with United Mineral Services will net American Bullion Minerals (VSE) $100,000. United is a private firm wholly owned by Robert Dickinson. The uni…
Articles by Northern Miner Staff
Rhodes updates estimate of Copper Canyon reserve
An updated preliminary reserve estimate was released by Consolidated Rhodes Resources (VSE) for the Copper Canyon copper-gold deposit in the Galore Creek region of northwestern British Columbia. The c…
Brisk exploration activity reported in New Brunswick
Mineral exploration in New Brunswick for the first five months of 1991 was brisk, the province’s Department of Natural Resources and Energy reported. In the Bathurst-Newcastle mining camp, a drilling …
New Craig shaft dropping quickly
Shaft sinking at the Craig mine of Falconbridge in the Sudbury area is progressing at a rapid pace. Dynatec Mining President Bob Dengler said that during a 31-consecutive-day period in April and May…
Alberta Stock Exchange Indigo doubles
Shares of Indigo Gold Mines doubled in price during the week ended June 11 after the company announced an option agreement on the Oweegee Dome property in north-central British Columbia. Bolstered by …
PEOPLE YURIKO RESOURCES
Stuart Rogers appointed president succeeding Barbara Brown who resigned; Wendy Warner appointed secretary; George Maines appointed director.
Hunker Creek keeps the Goulds coming back
The annual Gold Show in Dawson City is over and John and Madeleine Gould are itching to return to the creeks. “We’ve (the family) been mining the same property since 1903,” John says, sitting in his h…
Sonora reports quarter loss
While gold recoveries at Sonora Gold’s (TSE) 70% owned Jamestown mine in California are expected to improve this year, the company continues to be dogged by low gold prices. Sonora recently reported …
Producers budget $75 million to promote gold
The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…
Large porphyry copper deposits drawing attention
Copper has always played an important role in British Columbia’s metal mining industry, consistently accounting for the lion’s share of the province’s yearly metal production on a dollar-value basis. …
Arimathaea hits new high on strength of new chairman
Hopes that Graham Lacey will be able to do for Arimathaea Resources (TSE) what he has done at Washington-based Nycal Corp. recently drove the price of Arimathaea shares to a new yearly high of $2. The…
Mixed results from Northern Abitibi
A drill program completed on Northern Abitibi Mining’s (ASE) gold property in northwestern Quebec, under option to Inco (TSE) and Vior (ME), has returned mixed results. All six holes collared to test …