Good copper hole at Deak’s Magusi
Shares of Deak Resources (TSE) rose to new highs after the company reported an intersection of 32.5 ft. grading 3.3% copper from follow-up drilling on its Magusi base metal property in northern Quebec…
Articles by Northern Miner Staff
Williams reserves up by 600,000 oz.
Last year’s exploration program at the Williams gold mine near Hemlo, Ont., outlined enough ore to replace 1990 production. This is all Corona (TSE) spokesman Brian Hay was willing to say about explor…
Hydro obliged to save jobs at Elliot Lake: union boss
The Ontario director of the United Steelworkers of America says Ontario Hydro has an obligation to protect the livelihoods of 660 mine workers who still have jobs at Denison Mines’ (TSE) Elliot Lake, …
Asiatel options Middlemarch
A junior under the corporate umbrella of Prime Equities (VSE) recently acquired an option to acquire a 60% interest in the Middlemarch property owned by West Pride Industries (VSE). Asiatel Media (VSE…
Miners strike at Cassiar mine
Union employees at the Cassiar mine in northern British Columbia rejected a new collective agreement offered by a unit of Princeton Mining (TSE) and stopped work on the evening of March 1. .TThe propo…
Gold Commissioner cancels Eurus claims
The British Columbia Chief Gold Commissioner recently ordered the cancellation of the Alpha, Beta, Rho, Gamma, Epsilon and Omega claims held by Eurus Resource (VSE) in the Eskay Creek camp north of St…
Forbex accused of claim jumping
Rouyn-Noranda-based Forbex Resources (ME) has filed a notice of staking with the Ministry of Energy and Mines of Quebec concerning 54 claims it staked in Benoit Twp., Que., where Freewest Resources (T…
Aboriginal title action quashed
An aboriginal title action launched against the province of British Columbia by the Gitksan and Wet’suwet’en hereditary chiefs more than three years ago was denied in a recent ruling by British Columb…
Falco Gold profit (March 18, 1991)
Toronto-based Falconbridge Gold (TSE) says its 1990 net earnings fell to $5.47 million (41 cents per share), compared with net earnings of $6.12 million (46 cents per share) in 1989. Revenue for the y…
Hope Brook losses continued in 1990
Continued difficulties with production at its low-grade mine in Newfoundland, coupled with relatively weak gold prices, kept {Hope Brook Gold Mines{ (TSE) in the red during 1990. The company reported …
Noranda options Kingswood claims
A 133-claim base metal property owned by Kingswood Resources (ASE) in the southern half of La Gauchetierre Twp., Que., has been optioned by Noranda Exploration, a unit of Noranda (TSE). The claims are…
PRODUCER PRICES (March 18, 1991)
ALUMINUM: MW U.S. Market US69.50-71.50 cents per lb. (Feb. 28, 1991). ANTIMONY: New York dealer US86-88 cents per lb. (Feb. 28, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…