Alberta tribe settles land claim
An Indian tribe in Alberta was recently compensated by the federal government in a claim over loss of mineral rights. The Stoney tribe, who lives about 50 km west of Calgary, signed a settlement provi…
News
Match program unsuccessful
Match Capital Resources (CDN) has called off exploration on its 26-claim property east of Dryden, Ont., after a recent program failed to come up with any significant base or precious metal deposits. T…
Postal strike
Due to a strike by Canada Post employees, delivery of The Northern Miner to some subscribers may be temporarily disrupted. Delivery to the U.S. and other foreign destinations will not be affected. The…
Brinco suffers first-half loss
Consolidated Brinco (TSE) recorded a net loss of $958,000 during the first half of 1991 compared with a loss of $671,000 for the same 6-month period last year. A second-quarter loss of $422,000 was re…
GOLD FUNDS (September 02, 1991)
BGR Central Net Value $8.77 $4.98 Price $7.75 $4.650 Discount 11.63% 6.6% Value $52,198,332 $78,232,995…
Governments, companies opt for commuter mines
Nobody wants wilderness mining towns anymore. Workers prefer flying or driving on weekly or biweekly rotations from southern centres to wilderness mines. Mining companies are glad to be rid of the cos…
Hol-Lac placement
Hol-Lac Gold Mines (CDN) completed a $150,000 private placement involving 750,000 shares at 20 cents per share and a similar number of warrants exercisable at 20 cents per share to Aug. 27, 1994. Subs…
Beaufield, Aur set to drill
Drilling on the Mainstreet project in Louvicourt Twp. in northwestern Quebec will commence Sept. 3, property owner Beaufield Resources (TSE) announced. Project operator is Aur Resources (TSE), which h…
Alberta Stock Exchange (September 02, 1991)
Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molyb…
Spot prices at a glance (September 02, 1991)
Week’s Price (US) Change Gold* $355.30 – $ 0.90 Silver* $ 3.95 + $ 0.02 Platinum*$339.90 – $ 5.60 Nickel**$ 3.56 – $ 0.16 Lead** $ 0.24 $ 0.00 Copper $ 1.03 + $ 0.03 Zinc $ 0.46 – $ 0.01 Courtesy of S…
Madsen Gold plans study of old Red Lake mine
Bringing the former Madsen gold mine near Red Lake, Ont., back into production after a 15-year absence could be a long and costly process, says James Morlock, president of Toronto-based Madsen Gold (T…
TORONTO STOCK EXCHANGE INDICES (September 02, 1991)
Aug 27 Aug 26 Aug 23 Aug 22 Aug 21 High Low Composite “300” 3517.74 3532.00 3532.06 3517.15 3512.03 4009.47 3009.91 Metals & Minerals3111.10 3127.48 3121.18 3042.39 3037.50 3453.06 2502.63 Integrated …