Eskay Creek talks break off
Discussions between Placer Dome (TSE) and Corona (TSE) broke down after the two companies were unable to settle undisclosed issues relating to future development of the Eskay Creek project north of St…
Articles by Northern Miner Staff
Alberta Stock Exchange Bitech doubles
After a long period of dormancy at the 5 cents level, shares of Bitech perked up 6 cents to close at 11 cents on volume of more than 2.5 million shares in the week ended Mar. 12. Bitech’s subsidiary, …
White mine’s value cut by 66%
The estimated recoverable value of Dickenson Mines’ (TSE) Arthur White gold mine at Red Lake, Ont., has been reduced to $22.7 million, a $45-million writedown of its undepreciated carrying value. Whil…
FUTURES PRICES (March 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG)(in US cents per lb.) Mar 110.60 110.00 111.10 -0.70 Apr 109.60 109.20 109.25 -1.40 May 108.70 107.60 108.25 -1.50 SILVER (in US cents p…
Contracting doubles Hillsborough profits
Toronto-based Hillsborough Resources (TSE), which is developing the Mt. Hundere lead-zinc project in a joint venture with Curragh Resources (TSE), succeeded in doubling its profits during 1990. For th…
Sphinx plans West African acquisition
Under an agreement with Tai-Pan Resources, Societe Miniere Sphinx (ME) will purchase a 51% interest in the Bakolobi gold project in Mali, West Africa, for $2.2 million. The agreement expires in June. …
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
Fraud charges laid in Perilya scandal
Three Australian prospectors have been charged with fraud after they persuaded Noranda (TSE) to buy a stake in a salted gold prospect near Karpa Spring in Western Australia. The three men were charged…
Crude ups Moss Lake reserves, 82 million tons, 0.031 oz. gold
Calculations completed by an independent consultant indicate that the Moss Lake property, 50 miles west of Thunder Bay, Ont., contains probable and possible reserves of 82.2 million tons grading 0.031…
Deak hits massive sulphides
rilling by Deak Resources (TSE) on the company’s Magusi base metal property in northern Quebec has cut 62 ft. of massive sulphide mineralization 325 ft. up dip from the discovery hole drilled in Febru…
Rea Gold bids for QPX
A formal offer will be mailed shortly to Canadian shareholders of QPX Minerals (TSE) providing more details of a recent offer by Rea Gold (TSE) to acquire all their QPX shares in exchange for common s…
Underground at Grevet project `almost’ certain
Results from one of two studies to be released from the project of VSM Exploration (TSE) and Serem-Quebec at Grevet Twp. make underground exploration and future development almost inevitable, says VSM…