Cumberland buys Asamera ground
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
Articles by Northern Miner Staff
Gibraltar earnings decline slightly
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
NEWS ROUNDUP — Prairie Creek drilling
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…
Rio Algom posts profits for 33rd consecutive year
Last year marked the 33rd consecutive year of profits and dividends for Rio Algom (TSE). In 1992, the company posted a net profit of $39.4 million on revenues of $1.03 billion. At the annual meeting i…
Bruneau Minerals drills kaolin play
Two parallel kaolinite zones have been discovered by Bruneau Minerals (ME) on its De Salaberry Twp. property, 120 km northwest of Montreal. The zones were delineated by magnetic and electromagnetic (V…
COMMENTARY — Choosing gold equity stocks
Gold equity markets throughout the Western world have all recorded strong performances since the inauguration of U.S. President Bill Clinton in mid-January. Leaving aside the reasons for our current b…
A-4 pipe yields two stones for Regal
A 47-tonne sample from the A-4 kimberlite pipe near Kirkland Lake, Ont., has yielded two gem-quality diamonds weighing 0.135 and 0.074 carats respectively, reports Regal Goldfields (CDN). Interested o…
Prime reports positive earnings
Net income of $3.4 million was reported by Prime Resources Group (VSE) for the 9-month period ended Dec. 31, 1992. Prime’s 40% share of production from the Snip mine in Northern British Columbia for t…
NEWS IN BRIEF (May 10, 1993)
Toltec Resources Ltd. (TOL:VSE) has changed its name to Canso Explorations Ltd. (CSE:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corporate Trus…
City Res. for sale
Central Coast Exploration is seeking a buyer for its 48.6% interest in City Resources (Canada) (TSE). The Australian-based company is no longer able financially to support City Resources, whose key as…
PEOPLE — BLACK ROCK NEVADA MINES (May 10, 1993)
Yale Simpson appointed president and director; Peter Lloyd and Matthew Mason appointed directors.