Encouraging gold values in FER core
Recent assays from the FER copper-zinc property in northern Manitoba include encouraging gold values, reports Canmine Resources (CDN). Holes FER-3 and FER-4 intersected three sulphide-bearing lenses g…
Articles by Northern Miner Staff
Abel Lake seeks project partner
Privately owned Abel Lake Resources is in the market for an exploration partner for its northeastern Ontario prospect following the withdrawal of property option holder Royal Oak Mines (TSE). Abel Pre…
Redfern expands holdings in Tulsequah River area
With the payment of 30,000 common shares, Redfern Resources (TSE) acquired a 100% free and clear interest in a number of claims owned by Silver Talon Mines (VSE) in the Tulsequah River area of northwe…
Wedged hole cuts zone at Vior’s Douay project
The wedging of a previously drilled hole on the Douay gold property in the Casa Berardi area of Quebec resulted in the intersection of a known mineralized zone, Societe d’Exploration Miniere Vior (ME)…
Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
PRODUCER PRICES (March 16, 1992)
ALUMINUM: MW U.S. market US61-62 cents per lb. (Feb. 27, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CADMIUM: …
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…
Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…
Metal prices, summer strike cause 1991 loss for Curragh
Weak metal prices and a summer strike at the Faro, Yukon, zinc-lead mine, forced Toronto-based Curragh Resources (TSE) to take a net loss of $98.3 million or $3.06 per share in fiscal 1991. In 1990, C…
Taseko earmarks $8.5 million for Fish Lake work
Private placement financing totalling $7.1 million has been arranged by Taseko Mines (VSE), allowing the company to proceed with an $8.5-million exploration, engineering, feasibility and permitting pr…
Governor General opens MacMillan mineral gallery
“A great day for Canadian mining” was the consensus of some 500 invited guests attending the recent gala opening of the Viola MacMillan Mineral Gallery here. The gallery provides a home for the magnif…
Minnova confirms Benoit reserves
The first phase of drilling completed on the Benoit property southeast of Miquelon, Que., established the continuity of the known zone but failed to intersect any additional gold zones. Minnova (TSE),…