Second rig moved to DHK ground
Following the release of further encouraging results from the Tli Kwi Cho kimberlite pipe in the Northwest Territories, partners DHK Resources and Kennecott Canada have moved a large-diameter (6-inch)…
News
Study deems Redfern’s Tulsequah economic
The Tulsequah Chief massive sulphide deposit in northwestern British Columbia has been deemed economic in a pre-feasibility study. Redfern Resources (TSE), which owns the project, hired Tonto Mining t…
Rio Algom posts profits for 33rd consecutive year
Last year marked the 33rd consecutive year of profits and dividends for Rio Algom (TSE). In 1992, the company posted a net profit of $39.4 million on revenues of $1.03 billion. At the annual meeting i…
Bruneau Minerals drills kaolin play
Two parallel kaolinite zones have been discovered by Bruneau Minerals (ME) on its De Salaberry Twp. property, 120 km northwest of Montreal. The zones were delineated by magnetic and electromagnetic (V…
Lytton stock plummets on preliminary results
Investors slashed more than $150 million from the market value of Lytton Minerals (TSE) after the company announced the recovery of 44 diamonds from a kimberlite pipe on one of its properties in the N…
ODDS’N’SODS — Mining copper in the Carolinas, Part 1
It was December, 1952, when The Northern Miner announced the remarkable base metal discoveries made by Jim Boylen’s organization in New Brunswick. There ensued the usual claim-staking rush, followed b…
Equity Silver looks to future
With its operation near Houston, B.C., winding down, Equity Silver Mines (TSE) does not expect to continue as an operating mining concern after current reserves are depleted. Formerly an open pit, Equ…
Kerr discussing re-organization
Having disposed of its interests in Minnova (TSE) and oil and gas producer Anderson Exploration, Kerr Addison Mines (TSE) intends to dispose of its remaining assets and continue talking with its major…
High River to deep-drill Snow Lake gold property
Having encountered significant gold mineralization in a deep drill hole earlier this year on its Snow Lake property in northern Manitoba, High River Gold Mines (TSE) is gearing up for an additional dr…
STOCK MARKETS — TSE sets another trading record as golds
April turned out to be another extraordinary month for market players as the Toronto Stock Exchange’s composite 300 index shot up by more than 5% on record volume. According to TSE statistics, more th…
Cassiar still haunts Princeton
Cassiar Mining, put to rest by bankruptcy last year, has come back to haunt former owner Princeton Mining (TSE). The trustee in bankruptcy of Cassiar (and subsidiary San Antonio Gold) served Princeton…
COMMENTARY — Choosing gold equity stocks
Gold equity markets throughout the Western world have all recorded strong performances since the inauguration of U.S. President Bill Clinton in mid-January. Leaving aside the reasons for our current b…