Kowalski launches Founder Resources
Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…
News
Alberta Stock Exchange (November 18, 1991)
Investors added 50 cents to Biron Bay Resources after the company annouanced results from its Summit project in the Steeple Rock mining district of New Mexico. Closing at $1.10 for the week ended Nov….
Federal-provincial agreement to benefit northern Ontario
With mining revenues down and prospecting activities barely a shadow of what they might be, the governments of Canada and of Ontario have injected $95 million into the Northern Ontario Development Agr…
Earnings slip for Amax Gold (November 11, 1991)
A drop in gold output as well as an increase in production costs negatively affected the earnings of Amax Gold (NYSE) for the period ended Sept. 30. Earnings for the third quarter dropped to US$5.4 mi…
Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…
Breakwater suspends El Mochito mine
An escalating labor dispute has forced Breakwater Resources (TSE) to suspend operations at its El Mochito mine in Honduras and place the lead-zinc operation on a care-and-maintenance basis. The compan…
PEOPLE (November 11, 1991)
Tony White appointed director.
EDITORIAL PAGE (November 11, 1991)
It’s easy to forget just how much mining contributes to the general economy because so much of mining’s benefits are felt in remote areas. The money individual mines pump into their local communities …
LETTERS TO THE EDITOR (November 11, 1991)
After reading “The facade of Soviet mining,” an excerpt from a paper by Pierre Lassonde (T.N.M., Oct. 21/91), I was disappointed that The Northern Miner could not do any better on the topic of Soviet …
Dessir slips despite good results — Market snubs high-grade core
Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return spectacular gold values, including a 76-ft. intersection grading 2.01 oz. gold per ton. But the stock price of Dessir Resou…
Silver Butte launches lawsuit
Ownership of a portion of the SB gold property near Stewart, B.C., is being challenged by Silver Butte Resources (VSE) in a lawsuit filed in the Supreme Court of British Columbia against Esso Resource…
Col program under review
This season’s drilling on the Col copper project in the Mount Milligan area northwest of Prince George, B.C., returned intersections ranging from 0.20% to 0.66% copper over narrow widths (10-20 ft.). …