Correction (May 20, 1991)
Contrary to what was reported in The Northern Miner (May 6/91), Deak Resources director Douglas Hume recently bought 9,000 shares for 54 cents to hold 147,500.
News
PEOPLE CARPENTER LAKE RESOURCES (May 20, 1991)
Frank Callaghan appointed president; Bruce Elner and Michael Scott appointed directors succeeding Peter Yearwood, Kenneth Sumanik and Maro MacKinnin-Andrew who resigned.
GOLD FUNDS (May 20, 1991)
Gold funds as of May 14 BGR Central Net Value $8.78 $5.09 Price $7.38 $4.650 Discount 15.95% 8.6% Value $52,275,460 $78,232,995…
Control change at Golden North
Ardvreck Inc., a private company controlled by former Pamour (TSE) President Denis McLeod, recently agreed to purchase a 22.4% controlling stake in Vancouver-based Golden North Resources (TSE). Pendin…
LETTERS TO THE EDITOR Right meeting but wrong date
As we prepare for Corona Corp.’s annual and special general meeting which will take place May 31 in Vancouver, we were a little non-plussed to read in the TSE market report (T.N.M., May 6/91) that our…
Unlisted Trading Cash for Sewell Brook
Following a joint venture agreement between Kennecott and NovaGold Resources, Costigan Gold, which closed unchanged at 35 cents, has agreed to revise its partnership with NovaGold. Costigan will excha…
Vancouver Stock Exchange El Condor making Kemess moves
The Vancouver composite and resource indices retreated during the period ended May 14. The resource index shed 3.37 points to finish at 530.87, while the composite index dropped 4.30 points to settle …
Overview Mandatory common core training for diamond drillers in
In September of 1988, The Canadian Diamond Drilling Association asked the Hard Rock Mining Committee to assist in the development of underground and surface modular training programs for diamond drill…
Denison workers given reprieve
Workers at the Elliot Lake mine of Denison Mines (TSE) in northern Ontario will not lose their jobs at the end of June. Denison reported reaching an agreement with Ontario Hydro, a major buyer of the …
Asamera reports first-quarter loss
Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …
Harsh winter, low gold price increases Hope Brook’s loss
Although Hope Brook Gold Mines’ (TSE) first-quarter production of 23,252 oz. was on par with last year’s quarterly output, lower gold prices and severe winter weather doubled the gold miner’s losses. …
Sabin approved for Nymex listing
Sabin Metal Corp. has been approved for listing on the New York Mercantile Exchange (Nymex) as an assayer/refiner for delivery of platinum and palladium futures contracts. Sabin joins similarly liste…