Curragh set to build Westray coal project
Curragh Resources (TSE) is set to start construction and development of the Westray coal project in Pictou County, N.S. The company says it has arranged financing through a $100-million loan from the …
Articles by Northern Miner Staff
Assays awaited from Tulsequah
The most recent hole completed on the Tulsequah Chief massive sulphide project in northwestern British Columbia is reported to have intersected 20 ft. of mineralization within a wide stratigraphic int…
NEWS IN BRIEF Kel d’or Resources
Keld’or Resources Inc. (KED: VSE) has changed its name to Consolidated Keld’or Resources Inc. (CKD:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.
Correction (October 08, 1990)
LAC Minerals (TSE) purchased its 65% interest in Bond International Gold (TSE) for US$379 million. An incorrect figure was previously reported (T.N.M., Oct.1/90).
Toronto Stock Exchange Middle East, global exonomy drive shares
In a week when Murray Pezim and Ned Goodman were promising either to quit or distance themselves from the mining scene, share prices continued to take a hammering. Rio Algom and Galactic Resources wer…
Black Hawk offering to raise $3 million
Toronto-based Black Hawk Mining (TSE) recently filed a preliminary prospectus for a proposed rights offering designed to raise $3 million for a feasibility study on the company’s nickel- copper-cobalt…
Royal Scot starts drilling
A small drilling program totalling 2,500 ft. in six holes is under way at the Summit Lake property, owned by Royal Scot Resources. Located north of Stewart, B.C., Summit Lake is a former producer whic…
Gold Standard wins Mercur case round
Utah-based company Gold Standard (NASDAQ) recently won what it regards as a significant ruling in its attempt to win control of the Mercur mine from American Barrick Resources (TSE). The Utah Supreme …
News in brief (October 08, 1990)
The department of geology at the University of Toronto is hosting its 1990-91 department seminars from September to March. Among the speakers are Jim Franklin of the Geological Survey of Canada, Verno…
INSIDER TRADING Horsham director sells voting stock
Although Ian Delaney was recently appointed chairman and chief executive officer of Sherritt Gordon (TSE), he retains a substantial voting interest on the board of Toronto-based Horsham (TSE). In addi…
Vancouver Stock Exchange Prime manages to hold its ground
The Vancouver Stock Exchange ushered in October by racking up its worst trading day in eight years. To top that off, the VSE composite index fell to an all-time low of 588.99 for the week ended Oct. 2…
Gulf developing reserve on McLymont
Drilling on the McLymont Creek property, owned by Gulf International Minerals (VSE), is continuing to return good gold values. The property is in the Iskut River area of northwestern British Columbia….