Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
Articles by Northern Miner Staff
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…
Spring, Cove get mixed results
Rumors of a 90-ft. intersection grading over one ounce gold per ton were laid to rest when Granges (TSE) and two junior partners announced the latest results from drilling on the Unuk River property i…
Oil company shareholders like Sherritt Gordon offer
Toronto-based Sherritt Gordon (TSE) has been given the green light by shareholders of Canada Northwest Energy and the Court of Queen’s Bench of Alberta to acquire all of Canada Northwest’s issued shar…
Engineer lauded by nuclear group
The man who designed and implemented a new technique for uranium tailings disposal has been recognized by the Canadian Nuclear Society. Wing Tao, president of PVS Technologies, was named winner of the…
U.S REPORT
Recent drilling by Kennecott returned the best overall grade to date from the Lockwood polymetallic project near Everett, Wa. The major company can earn a 51% interest in the property from owners, Isl…
Battle Mountain executive highlights Lihir gold project
Political problems in Papua New Guinea should have no effect on the development of the Lihir gold project, said Joseph Mazur, Battle Mountain Gold’s (TSE) vice-president of administration and communic…
Eastmaque losses mount
Although the company is operating on a positive cash flow basis, Eastmaque Gold Mines (TSE) continues to report losses. For the three months ended June 30, the company lost $500,000 on revenues of $5….
FREE MARKET (October 07, 1991)
TSpot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 1 Sep 30 Sep 27 Sep 26 Sep 25 Copper 1324-1325 1333-1334 1349-1350 1360-1362 1348-1350 Lead 306-307 3…
Kaiser poised to control Madeleine
Oaklahoma-based Kaiser-Francis Oil recently boosted its stake in Madeleine Mines (TSE) to 32%, fuelling speculation that Chairman George Kaiser is about to succeed Patrick Sheridan as president of Mad…
Proposed assessment rate alarms Ontario gold mines
Recently the Ontario Gold Mines Compensation Committee met with the Workers’ Compensation Board (WCB) in Toronto to review proposed assessment rate increases for 1992. While WCB is proposing a 2.9% in…
Black Cliff options Chile tailings dumps
Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile. The ag…