5-hole program at Newton Hill
A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…
News
GUEST COLUMN (April 27, 1992)
Three recent conferences illustrate why environmental issues continue to be a priority for the mining industry. During the week of March 9-13, I attended Mining Week in British Columbia, a public cele…
MINER DETAILS (April 27, 1992)
CBC’s recent television “expos” of the New World project near Yellowstone Park, Mont., was predictable, biased and full of weary stereotypes that badly need to be challenged. Worse than that, it was a…
PROFILE (April 27, 1992)
Captains of industry are often portrayed as nose-to-the-grindstone types with little interest in anything but business at hand. But this dated stereotype clearly doesn’t apply to Poul Hansen, presiden…
Kitimat smelter’s fate rests on global decisions
The decision to construct a copper smelter at Kitimat on the British Columbia coast is now delicately balanced — the result of several key decisions made recently by the copper industry around the wo…
Dia Met rebounds to $6.88 as VSE index falls 3.11 points
Western markets continued to slide over the period ended Apr. 21, with the Easter long weekend dampening an already lacklustre mood for resource issues. The Vancouver Stock Exchange composite index sl…
Hemlo boosts stake in Freewest
Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …
EDITORIAL PAGE (April 27, 1992)
Vital statistics for the Canadian mining industry in 1991 paint a gloomy picture. Value of production, not including petroleum and natural gas, was down 15.9% to $10.4 billion. Employment in mining, c…
Azco secures financing for Sanchez feasibility
Billing itself as a “new breed of copper producer,” Azco Mining (VSE) recently completed a $6.5-million financing in order to secure funds for a bankable feasibility study of its Sanchez copper projec…
Gold price slump continues as gold fails to consolidate
Hopes that gold would be able to sustain a rally after it surged to US$341.10 on the futures market were quickly dashed today, April 22, as the spot price in London closed down 20 cents to US$338.10. …
Guyana’s modest gold output growing
Increased gold purchases by the state-run gold authority here have led to official predictions of a record-breaking production year in this key sector, Guyana’s fifth ranked foreign exchange earner. F…
STOCK MARKETS (April 20, 1992)
Because of technical complications, the stock market listings which appeared in the April 13 edition of The Northern Miner were incorrect.