ASE requests fire assays of Focal drill samples
The Alberta Stock Exchange has requested that Focal Resources (ASE) retain a Canadian laboratory to fire-assay core from ongoing drilling on a metallic mineral lease in northeastern Alberta. The compa…
Articles by Northern Miner Staff
OPERATING UNDER SIEGE
The aptly named Giant mine in Yellowknife, N.W.T., was bleeding red ink when Royal Oak Mines acquired Giant and other assets of the Pamour group late in 1990. By the time negotiations began with Local…
HOPE BROOK REVIVAL
Royal Oak Mines acquired the Hope Brook mine in southwestern Newfoundland last year and by July 1, 1992, had begun commerical production. Total output for the year was 50,693 oz. The mine is running n…
PAMOUR: Beats the odds
Take a single paper match and cut a piece from the end just a little shorter in length than the match is wide. This fragment then represents the amount of gold the Pamour mine has in one ton of ore. A…
R.I.P.
The Northern Miner Magazine was born in 1986. From the beginning it was an outstanding success. Both readers and advertisers were drawn to the publication because of its lively mix of featurish-type, …
WITTE’S ROYAL TOUCH
Few mining executives have faced such complex and demanding challenges as those taken on recently by Margaret (Peggy) Witte, the hands-on chairman, president, and chief executive of Royal Oak Mines. W…
Barrick doubles first-quarter earnings
Significant increases in production, earnings and cash flow are reported by American Barrick Resources (TSE) for the first quarter. Net income doubled to US$46.1 million (16 cents per share) for the t…
LATIN AMERICA ROUNDUP — Waseco acquires Roberto option
An option agreement to acquire the rights to lease the Roberto mining claims in the Mexican state of Chihuahua has been negotiated by Waseco Resources (CDN) with Oso Exploration Services. Oso’s option…
Spot prices at a glance (April 26, 1993)
Week’s Price (US) Change Gold* $339.15 + $1.60 Silver* $ 3.91 + $0.01 Platinum* $369.75 + $7.75 Nickel** $ 2.70 0.00 Lead** $ 0.19 0.00 Copper $ 0.84 $0.06 Zinc $ 0.46 $0.01 Courtesy of Scotiabank. In…
MSV intersects trio of lenses
Initial work at the Copper Rand property near Chibougamau, Que. has uncovered three lenses in the area of Shaft No. 4 on the 2100 level, MSV Resources (ME) reports. The company says the lenses are nea…
FINANCING (April 26, 1993)
Seawest Res. — 1,500,000 shs. @37 cents per sh.
Two holes drilled at Douay Northwest
Results from two holes drilled at the Douay Northwest gold project in Douay Twp., northwestern Quebec, have been reported by Soquem, Societe d’Exploration Miniere Vior (ME) and Northern Abitibi Mining…