Valdez reports loss for 1991
A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska. For the first quarter of 1992, the company rec…
Articles by Northern Miner Staff
San Andreas acquiring Hunt mine
Over a decade ago, silver speculators Nelson and William Hunt of Texas spent over $64 million to build a mine at Prairie Creek, a high-grade zinc-lead-silver-copper deposit about 300 miles west of Yel…
Golden West ground expanded
Additional mining claims adjoining the Golden West property in La Paz Cty. were recently acquired by HRC Development, expanding the private group’s holdings in this region of Arizona. The ground will …
Analyst bullish on base metals
When we entered the current recession seems not to be an issue, but when we started to come out of it is, writes metals analyst Ray Goldie of securities firm Richardson Greenshields: In March 1990, th…
Technological improvements bolster Campbell mine
In an age when precious metal producers are struggling with the bottom line, the Campbell mine of Placer Dome (TSE), in the heart of the Red Lake gold camp, is ploughing through tough times with an en…
Private funding for Kenora prospect
A private company from Alberta has agreed to raise the financing required to begin advanced exploration on Kenora Prospectors and Miners’ (CDN) gold prospect in northwestern Ontario. In return for an …
Diamond fever at Kirkland Lake
Some of the limelight focused on the Lac de Gras diamond play is finding its way back to Kirkland Lake, Ont., home of the first kimberlite discovery in Canada. Since that initial find in 1968, at leas…
Initial Lansdowne results encouraging
First drilling results of a $3-million exploration program undertaken this spring on the polymetallic Lansdowne property in northwestern Ontario indicate promising copper values over significant width…
Thayer Lindsley entering production
Subject to environmental permitting, the Thayer Lindsley (TL) project in the Sudbury, Ont., area is expected to be a producer in the near future. Though long known to Falconbridge, it wasn’t until rec…
Save Our North goes national
Save Our North, the grassroots organization that has been spreading like wildfire across northern Ontario, recently launched a national campaign that will solicit support from resource-based communiti…
El Condor expands proposed financing
After consultations with its underwriters, El Condor Resources (VSE) recently increased the size of its proposed financing to $7.2 million from the previously planned $6 million. As a result, the comp…
Texas Star deals for 25% stake in Arkansas project
Texas Star (VSE) has worked out a deal to increase to 25% its interest in a diamond exploration joint venture in Arkansas’ Crater of Diamonds state park. Arkansas granted approval to conduct an explor…