Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…
1992
Cominco won’t up stake in Louvicourt
Faced with mounting debts and a string of new projects to finance, Vancouver-based Cominco (TSE) is giving up its direct participation in the Louvicourt Twp. massive sulphide discovery at Val d’Or, Qu…
Wedged hole cuts zone at Vior’s Douay project
The wedging of a previously drilled hole on the Douay gold property in the Casa Berardi area of Quebec resulted in the intersection of a known mineralized zone, Societe d’Exploration Miniere Vior (ME)…
Vangold plans development on gold property at Rossland
An underground development program is being planned by Vangold Resources (VSE) for the North Belt gold property at Rossland, B.C. T.The company holds a 66% interest in the property after spending an a…
Falconbridge cuts 1992 exploration budget by 20%
Toronto-based Falconbridge plans to spend $40 million on exploration in 1992, compared with $50 million in 1991. Grassroots funds will be directed mainly at projects in Ontario and Manitoba, including…
Jordex boosts Hushamu reserves
With the recent completion of a 16,000-ft. drilling program on the Expo property on Vancouver Island, Jordex Resources (VSE) estimates that minable open pit reserves in the Hushamu deposit have jumped…
NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…
MINER DETAILS (March 09, 1992)
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
Asarco drops Frasergold after spending $3.4 million
After spending $3.4 million on exploration during the past two years, a unit of Asarco (NYSE) recently dropped all rights to earn an interest in the Frasergold property under the terms of a 1990 optio…
Vancouver Stock Exchange (March 09, 1992)
Investors on the VSE are showing a bias for non-resource issues, but despite this trend, the VSE resource index managed an 11.48-point gain to 530.27 during the week ended March 3. The composite index…
Montreal Exchange (March 09, 1992)
Continuing its active trading during the week ended March 3 was Orient Resources, which has a busy slate of exploration programs, including a joint venture at a gold property in Benoit Twp. in northwe…