Minorca drilling at Nicobi Lake
Minorca Resources (TSE) continues to intersect copper-nickel-rich massive sulphides at its 57-claim Nicobi Lake property near Quevillon, Que. Drilling on the property has outlined three parallel zone…
News
PEOPLE HEMLO GOLD MINES
Patrick McCulloch appointed director.
Merger may lead to relocation for Barrick
Toronto-based American Barrick Resources (TSE) could ease the way toward a proposed merger with Newmont Mining (NYSE) and 90.1% owned Newmont Gold (NYSE) by incorporating as a U.S. company, analysts s…
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).
Eastmaque’s American Girl boosts first-quarter output
Although gold production levels jumped significantly for Eastmaque Gold Mines (TSE) in the 1991 first quarter compared with the year-earlier period, the company continues to report losses. Eastmaque r…
Cathedral reports quarterly loss (June 10, 1991)
A loss of $33,000 was reported by Cathedral Gold (TSE) for the first three months of this year, compared with a loss of $57,000 in the 1990 first quarter. The company has a 52% interest in the Sterli…
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…
IOCC GOLD OPTIONS (June 10, 1991)
The New York closing gold price was $362.50 per oz. Last qu for gold options traded in Montreal and Vancouver as provided at th trading each Tuesday by the Montreal Exchange. Only the eight most an…
GOLD FUNDS (June 10, 1991)
BGR Central Net Value $8.74 $5.12 Price $7.50 $4.700 Discount 14.19% 8.2% Value $52,026,371 $79,074,210…
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,…
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…
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…