Major General drills Pickle Lake claims
Drilling is under way on three of Major General Resources’ (TSE) wholly owned properties near Pickle Lake, Ont. With a $300,000 budget in hand, Major General plans to test six separate targets before …
News
U.S. REPORT Galactic likely to close Summitville mine
Low volumes of gold production and high mine operating costs were cited by Galactic Resources (TSE) as the reasons why it is unlikely to resume mining operations in 1991 at its wholly owned Summitvill…
EDITORIAL PAGE Poison of protectionism
It will take strong leadership to tackle the vested interests — in all countries — that want protection from competition. Yet we know from experience that the poison of protectionism could aggravate…
Athabaska now waits for Chevron to sell Nicholas Lake stake
Vancouver-based Athabaska Gold Resources (TSE) says it has been unable to raise the financing needed to buy partner Chevron Minerals’ 40% stake in the Nicholas Lake gold project north of Yellowknife, …
LETTER TO THE EDITOR In defense of Environmental Bill
The Northern Miner recently published an article by George Miller, president of the Mining Association of Canada, entitled “Environmental `Bill of Rights’ — a dangerous precedent” (Nov. 26/90). In it…
LAC still seeks pay dirt on Queenston’s ground
LAC (TSE) recently intersected low-grade gold mineralization across narrow widths while drifting on the 4,750 ft. level beneath Queenston Mining’s (TSE) Kirkland Lake West claims near Kirkland Lake, O…
LETTERS TO THE EDITOR They killed the moose that finds gold
The moose with the habit of selective browsing over gold-bearing bedrock, as described by Hugh Coulson in his letter (T.N.M., Dec. 31/90), is a captivating example of the unexplainable. The picture sh…
U.S. REPORTS USMX discovers 3 new gold zones at Yankee project
As many as three separate gold deposits were reported to have been uncovered by USMX (NASDAQ) during a recent 116-hole drilling program on the North Yankee property in White Pine Cty., Nev. USMX repor…
Vancouver Stock Exchange .Pezim continues to trade
The Vancouver Indices fared poorly over the week ended Jan. 15 as investors pulled their bids and hopped on the fence to wait out the next chapter in the Middle East crisis. The result was a 19.41-poi…
James named director of troubled Campeau
Within weeks of his appointment as president and chief executive officer at Denison Mines (TSE), Bill James has been named a director of Campeau Corp., a beleaguered real estate development company. J…
GOLD FUNDS (January 21, 1991)
BGR Central Net value $9.66 $5.44 Price $8.38 $4.950 Discount 13.25% 9.0% Value $57,543,958 $83,280,285…
Exploration resumes at Thunderwood’s Scott Lake property
Exploration has resumed on the Scott Lake polymetallic property held by equal partners Thunderwood Resources (TSE) and Greenstone Resources (TSE). Situated 12 miles west of Chibougamau, Que., the prop…