News

A production decision is expected sometime later this year for the advanced Beartrack gold project in Lemhi Cty., Idaho. FMC Gold (NYSE) has a 71% interest in the property comprised of the North and…

Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…

During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company…

Assay results from the Paymaster gold mine project near Timmins, Ont., have prompted mining executive Pat Sheridan to purchase an 18.5% stake in American Reserve Mining (ME), a partner on the project,…

Harvey Stevenson Southam, senior vice-president of Southam Business Communications Inc. responsible for Canadian publishing including The Northern Miner, died suddenly May 31 in Toronto. Southam was b…

All necessary operational procedures are in place at U.S. Immigration and Naturalization Service offices for Canadian geologists to obtain entry into the U.S. as professionals under the terms of the F…

Noranda (TSE) recently tested down-plunge extensions of Lightning zone at 600-800 metres, not feet as previously reported (T.N.M, June 3/91).

A recently signed joint venture agreement between Kookaburra Gold (VSE) and Asarco (NYSE) gives Asarco the option to earn a 70% interest in the Col property by spending a total of $10.35 million. The …

A drop in the prices of gold, silver, lead and zinc helped push Hecla Mining (NYSE) into a US$2.7-million loss for the first quarter of 1991. This compares with earnings of US$4.6 million in the year…

The Spokane Stock Exchange, which played an important role in financing mining activities throughout the Pacific Northwest for 94 years, closed its doors May 24. “It was a sad day,” said Stan Covey, …

Both the VSE’s composite and resources indices gained ground during the week ended June 4. The latter jumped by 23.12 points to finish at 541.92, while the composite index added a more modest 9.82 poi…

Seven holes recently completed at Glimmer Resources (TSE) Beatty-Hislop gold property near Matheson, Ont., failed, with one exception, to intersect significant mineralization. Hole 54 intersected a 2…