Minera Rayrock’s Chilean discovery
Minera Rayrock (TSE) and partner Hecla Mining (NYSE) say their equally owned Chilean subsidiary, Minera Dona Isabel, has intersected a wide zone of good grade gold mineralization on the Pullali proper…
Articles by Northern Miner Staff
TVX seeks even split from North, South American output
Celebrating its first annual meeting, TVX Gold (TSE) reported 1990 gold production of 228,200 oz. at a cash cost of US$228 per oz. According to Martin Robinson, president and chief executive officer,…
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…
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…