Gold Fields explores Forgold
Based on a recent option agreement, Gold Fields Canadian Mining will take over as operator of the Forgold property, 30 miles from the Eskay Creek deposit north of Stewart, B.C. Field work is now in pr…
Articles by Northern Miner Staff
Sigma contrasts
Without being old-fashioned, Placer Dome’s Sigma mine in Val d’Or, Que., retains the flavor of years gone by. Individual miners work in pairs or small groups, following veins of gold with should-hefte…
American Mining Congress supports new free-trade deal
The American Mining Congress (AMC) supports negotiation of a North American free-trade agreement involving Canada, the U.S. and Mexico but wants negotiators to “proceed carefully and with a clear sens…
FUTURES PRICES (September 16, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Noranda pulls good hole at Goz near Eskay Creek
Recent drilling by a unit of Noranda (TSE) on the Goz-RDN property returned a 38.05-ft. intersection grading 0.7 oz. gold per ton from 154.2-192.25 ft., plus minor values in silver, copper, lead and z…
TSE Short Positions (September 16, 1991)
Semi-monthly reports as of August 31, showed 21,859,304 shares of 574 issues compared with 22,502,355 shares of 583 issues on August 15. Larger individual positions included: Amer. Barrick 187,000, do…
New owners for BLM Mines
The controlling shareholder of United Keno Hill Mines (TSE), BLM Mines, has acquired new owners. Romith Investments and Stephen Powell have each acquired, directly or indirectly, 50% of the issued and…
Correction (September 16, 1991)
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …
Montanore adit reaches 11,330 ft.
A 15,000 ft. adit being driven into the core of the Montanore deposit from outside of Montana’s Cabinet Mountains wilderness area has reached 11,330 ft. The project is a 45-55 joint venture between Ja…
Timmins Nickel cuts loss as operating costs decline
Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….