OTHER’S WORDS (July 20, 1992)
What is the largest gold producer in Canada? I’m sure some of you will say it’s the Hemlo mine or perhaps Campbell Red Lake, but you will be wrong. The largest gold producer in Canada is in fact the B…
News
OBITUARY — George Ellsworth
Noted geologist George Ellsworth died recently while visiting his son in Australia. He was 53. A graduate from Princeton University, Ellsworth had worked for Noranda Inc.’s sales division before he se…
LETTERS TO THE EDITOR — Diamond hunt in the Prairies
The writer of the article “Juniors raise cash for diamond hunt” (T.N.M., July 6/92) has overlooked the exploration activity going on in the prairie provinces. The Northern Miner is providing an inordi…
Hemlo explores Northfield claims
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
PEOPLE — CHASE RESOURCES
Michael Callahan appointed director and chief financial officer.
Gold bugs herald start to latest bull market
Stirred by signs that a new bull market may lie just around the corner, gold bugs are beginning to emerge from a long hibernation. “We are witnessing an end of the 5-year and 12-year bear market for g…
STOCK MARKETS — Rising gold stocks give TSE 300 index a
A firmer gold price rode to the rescue of an otherwise flat market during the week ended July 14 as the yellow metal hit US$350.90 in London, up US$3.25 from last week. Bolstered by the exaggerated in…
Etruscan acquires Tyro project
A Nova Scotia-based junior recently exercised an option to acquire the Tyro property in Mohave Cty., Ariz., a gold project containing preliminary reserves of 1 million tons averaging 0.12 oz. gold and…
Golden Star closes $6-million financing
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
Placer buying all of Paymaster
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
Dispute follows release of Mikwam results
Encouraging results from the Mikwam gold project in the Casa Berardi area of northwestern Quebec have sparked a dispute between equal joint venture partners Trader Resource (TSE) and Hemlo Gold Mines …