News

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, …

Robert Gillingham appointed senior vice-president, corporate finance.

An electrical fault in the stator of the ball mill at the Oracle Ridge mine has temporarily shut down operations. Oracle Ridge is an underground copper-silver-gold mine in Arizona, 70% owned by South…

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…

Two companies sporting the name “American” in their titles, American Reserve Mining and American Barrick Resources, were among the heavy traders during the week ended June 4. American Reserve, which …

A 10,500-metre (34,450-ft.) drilling program recently completed at the Santa Rosa project has confirmed previous owner Freeport McMoRan’s work. Now jointly owned by Greenstone Resources (TSE) and Boli…

Larry Winsor and Brian Koehn appointed directors.

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…

Patrick McCulloch appointed director.

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…

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).

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…