Prime sells stake in Akiko-Lori Gold
Murray Pezim’s Prime Resources (VSE) has sold its stake in junior explorer Akiko-Lori Gold Resources (VSE) to concentrate its efforts on the high profile Eskay Creek gold play in northwestern British …
News
Northern Minerals estimates reserves at Gordon Lake
Based on limited drilling, Northern Minerals (TSE) is reporting a “preliminary geological reserve” of about 130,000 tons grading an average of 0.34 oz. gold per ton from two veins on the Gordon Lake p…
Liability looms for Terra Mining
Revenue Canada recently advised Terra Mines (TSE) that certain exploration expenditures incurred on the Bullmoose Lake project were invalid. Revenue Canada intends to notify investors in flow-through …
Despite shutdown, Mobrun mine boosts 1989 income for Audrey
Annual financial results reported recently by Audrey Resources (TSE) reflect the recent expansion of its Mobrun polymetallic mine near Rouyn-Noranda, Que. Reopened after a 1-year shutdown from mid-198…
Cominco Resources warrants to raise $29 million
Through the exercise of warrants, Cominco Resources International (TSE) is expecting to receive proceeds of about $29 million to fund ongoing work on its major projects. These will include the Quebrad…
People (April 16, 1990)
SHERRITT GORDON — Brian Shea appointed manager, metals marketing.
Wisconsin project will be financed by Placer
By spending US$500,000, Placer Dome (TSE) will earn a 70% interest in a 4,117-acre property jointly owned by Quote Resources (VSE) and Pelangio- Larder Mines (COATS), in Enterprise Twp., Wis. The thre…
Rio Algom uses solution mining at three projects
In its bid to develop low-cost and efficient mining processes for the future, Rio Algom (TSE) has three projects under way that make use of innovative techniques such as solution mining and in situ le…
Eastern to drill gold anomalies on Shamrock
Having received favorable indications from overburden testing on its Shamrock gold property in Newfoundland, Eastern Goldfields (COATS) plans to engage in a program of drilling and trenching this summ…
Alberta Stock Exchange Golden Crescent up
Shares of Toronto-based Golden Crescent Resources posted a surprising gain of 80 cents for the week ended April 10 to close at $1.75 on volume of 164,900 shares. The company has reported some mixed dr…
Skyline still struggling at Johnny Mountain mine
Despite substantial increases in throughput and gold recoveries, Skyline Gold (TSE) has yet to achieve commercial production at its wholly owned Johnny Mountain gold mine in the Iskut River district o…
Letters to the Editor Giauque staked Discovery claims
I thoroughly enjoyed the 75th Anniversary issue of The Northern Miner. Concerning “The dirty ’30s” article by Frank Kaplan and the reference to Jerry Byrne and the Discovery mine, I’d like to mention …