Canada tops global list in exploration spending
Despite the malaise spreading throughout Canada’s metals exploration industry, this country remains the leader in terms of exploration spending, says Halifax-based The Metals Economics Group Strategic…
Articles by Northern Miner Staff
Alberta Stock Exchange (January 13, 1992)
After announcing a lawsuit against VSE-listed Cal Graphite, Takla Star Resources jumped 9 cents to 39 cents during the week ended Jan. 7. Takla is claiming ownership of a graphite mine near Huntsville…
Vancouver Stock Exchange (January 13, 1992)
The VSE’s resource index staged a sharp rebound heading into 1992, gaining 38 points to finish the period ended Jan. 7 at 492.85. The composite index followed with a more modest increase of 7.56 point…
Carlin reviews merger proposal
The board of Carlin Resources (VSE) is reviewing an offer to merge with an undisclosed public company trading on the Vancouver Stock Exchange. Carlin management believes the party is making the propos…
Montreal Exchange (January 13, 1992)
Activity slowed during the New Year’s holiday week but did pick up on the last day of our report period ended Jan. 7. Daily trading volumes ranged between 1.6 million and 5.9 million shares. The marke…
Unlisted Trading (January 13, 1992)
Topping the list of most active issues for the week ended Jan. 7 was Horne Fault Mines, which gained 20 cents to close at 50 cents. The junior is hoping to start up a slag processing operation in Neva…
TVX director seller prior to price fall
TVX Gold (TSE) director Nigel Lees recently sold a portion of his holdings in the Toronto-based gold-silver miner at a substantial premium on the recent market price. In November, according to the Ont…
Golden Ring begins drilling
Field personnel and drill equipment were recently mobilized to the Bellas Gate property in Jamaica to test two advanced porphyry copper-gold targets and a new copper-gold-silver discovery. The project…
Westmin expands Battle zone
Ongoing drilling by Westmin Resources (TSE) is expanding the newly discovered Battle zone on the company’s Myra Falls mine property near Campbell River, B.C. The company recently obtained a fourth “sp…
U.S. REPORT (January 13, 1992)
The final six holes of the 1991 drilling program on the Rosebud joint venture in Nevada were released by 51-49 partners LAC Minerals (TSE) and Equinox Resources (TSE). The drilling included infill and…
Gold still dominates U.S. exploration, role of juniors fades
Gold prices may not be what they were several years ago, but that isn’t stopping explorationists from concentrating their efforts on finding more of the precious metal in the western U.S. Indeed, gold…
FMC, Atlanta hunt for ore in Idaho
Neighboring Idaho also saw some action this year, even though FMC Gold (NYSE) has yet to announce a production decision for its huge Beartrack gold deposit in Lemhi Cty. FMC owns 71% of the project, a…