Guest Column (August 05, 1991)
At the turn of this century, Sir Wilfrid Laurier asserted that the 20th century would mark the coming of age of Canada as an economic power. Some 50 years later, Prime Minister John Diefenbaker espous…
Articles by Northern Miner Staff
Prime settles with Tagish
Now that an agreement has been reached with several parties challenging title to the TOK 3-6 claims, partners Prime Resources Group (VSE) and Stikine Resources are expected to have no problems applyin…
Golden Bear losses mount
Depressed gold prices and high operating costs at the Golden Bear mine are translating into further losses for North American Metals (VSE). The company reported a net loss of $963,000 for its second q…
NEWS IN BRIEF (August 05, 1991)
Estaurum Mines Ltd. (EMM:ASE) has changed its name to Westaurum Industries Inc. with a consolidation of capital on a 1-new-for-1-old share basis. The transfer agent is Central Guaranty Trust.
Denison reports $1.1-million loss during second quarter
The red ink continues to flow at Denison Mines (TSE) as the uranium miner wrestles with debt and negotiates with key lenders to its Petromarine Italia subsidiary. Toronto-based Denison reported a loss…
Toronto Stock Exchange (August 05, 1991)
Speculation that Placer Dome will soon be in a position to begin drilling on 39 claims returned to Metalore Resources after its court battle with Ontex Resources sent Metalore roaring to $13.75 from $…
People (August 05, 1991)
Terry Stanhope appointed director.
Ecstall starts program on Forgold polymetallic project
A field exploration program budgeted at $410,000 is under way on the Forgold claims, 25 km north of Eskay Creek in the Iskut River region of northwestern British Columbia. The 2-phase exploration effo…
Unlisted Trading (August 05, 1991)
Preparing for a listing on The Toronto Stock Exchange, CanQuest Resources traded heavily for the week ended July 30. On a volume of 217,500 shares, the Vancouver-based junior picked up a nickel to clo…
Platinova, Pegasus in property deal
An agreement has been entered into by Platinova Resources (TSE) with Pegasus Gold (TSE) concerning the former’s Skaergaard gold-palladium project in east Greenland. Pegasus will carry out a conceptual…
Montreal Exchange (August 05, 1991)
The general market portfolio index gained more than 15 points and the mining and minerals index almost three points in mainly lacklustre trading during the week ended July 30. Daily volumes ranged bet…
CROSS-CUTS
B.C. CLAIM-STAKING ON THE RISE In spite of a general lull in mine exploration across the country, claim-staking has not abated in British Columbia. According to Energy, Mines and Petroleum Resources, …