Aranlee cuts Fire Mountain deal
A recently completed deal with Plaskey Development Enterprises gives Aranlee Resources (VSE) the right to earn up to an 80% interest in the Fire Mountain property in the New Westminster Mining Divisio…
Articles by Northern Miner Staff
Drilling at Holloway indicates zone tapers off down plunge
The latest results from the Holloway project indicate that the Lightning zone, which has been characterized by consistently strong widths and grades since its discovery in 1989, may be coming to a dra…
World’s biggest gold miner in the making — Barrick, Newmont talk
American Barrick Resources (TSE) and Newmont Mining (NYSE) are discussing the possibility of marrying their vast gold producing assets into a single entity that analysts say will be the world’s larges…
Toronto Stock Exchange Market posts slight gain, interest rates
Aside from a slight drop in Canadian interest rates, the week ended May 21 offered little evidence that market conditions are about to improve. Gold and base metal stocks, which have been under pressu…
Newmont output down in quarter
Gold sales of 373,700 oz. were reported by Newmont Gold (NYSE) from its five mills during the first quarter of 1991, compared with 395,700 oz. during the same period last year. North America’s larges…
Vancouver Stock Exchange War Eagle up in quiet market
The Vancouver Stock Exchange’s resource index took a hit during the week ended May 21, dropping 12.2 points to finish at 505.14. The composite index followed suit, dropping a more modest 4.89 points t…
Results encourage Cambior, Aurizon
Exploration drilling continues at the Sleeping Giant gold property of Aurizon Mines (TSE), north of Amos, Que., with six machines underground and one rig on surface, program operator Cambior Mines (TS…
NEWS IN BRIEF Nevada Goldfields
Nevada Goldfields (NGF:TSE) has changed its name to Consolidated Nevada Goldfields Corp. (KNV:TSE) with a 1-new-for-6-old-share consolidation. The transfer agent is Montreal Trust Co.
Adrian options Sky Creek claims
A recent agreement between Skyline Gold (TSE) and Adrian Resources (VSE) sets the stage for Adrian to acquire a 51% interest in the Sky Creek portion of Skyline’s Johnny Mountain property in northwest…
NEWS IN BRIEF Taseko Mines
Taseko Mines Ltd. (TKO: VSE) has changed its transfer agent to Montreal Trust Co.
Stanley installed as CIM president
A partner with Coopers and Lybrand Consulting Group in Vancouver, William Stanley, was recently installed as president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for 1991-92. …
IOCC GOLD OPTIONS (May 27, 1991)
Options Open Series Volume Last Interest Aug 360 P 100 11.00 215 The New York closing gold price was $356.70 per oz. Last quotations for gold …