Atlas acquiring Nerco properties
Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…
News
Unlisted Trading Willingdon big trader
During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company…
Drift cuts 96 ft. of 0.31 oz. gold at Paymaster
Assay results from the Paymaster gold mine project near Timmins, Ont., have prompted mining executive Pat Sheridan to purchase an 18.5% stake in American Reserve Mining (ME), a partner on the project,…
OBITUARY Harvey Stevenson Southam
Harvey Stevenson Southam, senior vice-president of Southam Business Communications Inc. responsible for Canadian publishing including The Northern Miner, died suddenly May 31 in Toronto. Southam was b…
Free trade for geologists
All necessary operational procedures are in place at U.S. Immigration and Naturalization Service offices for Canadian geologists to obtain entry into the U.S. as professionals under the terms of the F…
Corrections Noranda
Noranda (TSE) recently tested down-plunge extensions of Lightning zone at 600-800 metres, not feet as previously reported (T.N.M, June 3/91).
Asarco to earn Col interest
A recently signed joint venture agreement between Kookaburra Gold (VSE) and Asarco (NYSE) gives Asarco the option to earn a 70% interest in the Col property by spending a total of $10.35 million. The …
Metal prices hurt Hecla
A drop in the prices of gold, silver, lead and zinc helped push Hecla Mining (NYSE) into a US$2.7-million loss for the first quarter of 1991. This compares with earnings of US$4.6 million in the year…
U.S. REPORT Spokane Stock Exchange closes
The Spokane Stock Exchange, which played an important role in financing mining activities throughout the Pacific Northwest for 94 years, closed its doors May 24. “It was a sad day,” said Stan Covey, …
Vancouver Stock Exchange Prime Res. stock gets boost
Both the VSE’s composite and resources indices gained ground during the week ended June 4. The latter jumped by 23.12 points to finish at 541.92, while the composite index added a more modest 9.82 poi…
Only one of latest drill holes gives Glimmer good results
Seven holes recently completed at Glimmer Resources (TSE) Beatty-Hislop gold property near Matheson, Ont., failed, with one exception, to intersect significant mineralization. Hole 54 intersected a 2…
Technology keeps platinum on a roller coaster
News that Japanese automaker Nissan has developed a platinum-free catalytic converter recently sent platinum futures prices in New York falling and palladium prices climbing. It was a brief market fl…