Home Lake stakes claims in Eastmain
Toronto-based Home Lake Resources (COATS) has staked 100 claims in the Eastmain River region of northern Quebec. The claims lie six kilometres southwest of the main zone of mineralization discovered b…
Articles by Northern Miner Staff
Samatosum profits fall short of Rea Gold’s expectations
Although profit from the Samatosum mine owned 30% by Rea Gold (TSE) came in below expectations, it would be difficult to call the numbers disappointing. Operating profit from the mine accruing to Rea …
Toronto Stock Exchange Indices (September 10, 1990)
Sept. 4 Sept. 3 Aug. 31 Aug. 30 Aug. 29 HIGH LOW Composite “300” 3333.27 Holiday 3346.25 3329.83 3339.72 4009.47 3329.85 Metals & Minerals 3027.19 Holiday 3046.71 3027.32 3020.76 3453.06 2850.84 Integ…
Explosion at PT Inco smelter kills six
Six men were killed and four injured in an explosion at PT International Nickel Indonesia’s nickel smelter at Soroako, Indonesia. PT Inco is a subsidiary of Toronto- based Inco (TSE). Inco believes a …
Aatra, Durham named in OSC hearing notice
A hearing has been scheduled next month by the Ontario Securities Commission to inquire into the alleged illegal sale of shares in Vancouver-based Aatra Resources (VSE) by Toronto-based Durham Securit…
Legacy to fund work on Agnico property
Exploration for deep base metal deposits will begin in June, 1991, on Agnico-Eagle Mines’ (TSE) mining claims in Coleman Twp., near Cobalt, Ont. Legacy Explorations (COATS) has agreed to finance a $50…
Jonpol seeks partner while proceeding quietly at Garrison
Although still seeking a joint venture partner for its Garrison gold project, near Matheson, Ont., Jonpol Explorations (TSE) continues to probe the gold zones which remain wide open in all directions …
PEOPLE U.S. DEPT. OF ENERGY
Paul Zeimer appointed assistant secretary of energy for environment, safety and health.
Amax Gold says Canamax sale to parent Amax is non-event
A spokesman for Amax Gold (TSE) recently described the Colorado company’s recent decision to sell its 44% stake in Canamax Resources (TSE) to parent Amax (TSE) as “a non-event.” The sale of 10.4 milli…
Results from Rendell-Jackman do little to increase reserves
Recent results from Major General Resources’ Rendell-Jackman property in Newfoundland suggest that the Hammer Down gold zone may be pinching out to the east. While probing strike extensions of the zon…
PEOPLE NERCO MINERALS (September 10, 1990)
Jess Cline appointed vice-president of administration and Paul Daggett appointed to vice-president and controller.
NEWS IN BRIEF (September 10, 1990)
Denison Mines recently sold its 19.5% interest in Parlake Resources (TSE) in a private transaction. Denison declined to reveal the price it received for the 496,611 shares of the junior it sold.