News

Following a due diligence review, Dasserat Developments (VSE) elected not to proceed with an earn-in agreement on the Monument Bay project in northeastern Manitoba. The company recently announced a de…

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…

In order to get a better handle on deep mineralization below open pit reserves, Atlanta Gold (TSE) may rehabilitate some old underground workings at its 100% owned Atlanta Gold property in Elmore Cty….

The previously announced corporate restructuring of Breakwater Resources (TSE) moved a step closer to fruition with the recent execution of a formal agreement with a group headed by Roy Shipes of Tucs…

The Glenbrook Nickel, Buckhorn and Maria operations achieved a combined operating profit of $6.79 million for Cominco Resources International (TSE) in 1991. But after writing off abandoned properties …

The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…

A recent drilling program by Minerex Resources (TSE) increased minable reserves at the Aurora Partnership gold mine near Hawthorne, Nev. The project is owned equally by Minerex and Electra North West …

A rights plan agreement introduced by Golden Rule Resources (TSE) in 1991 has been terminated by the company. President Glen Harper said the directors believed it was in the best interest of the compa…

Next month President Michael Spoko, 53, will succeed retiring Donald Phillips to become Inco Ltd.’s chairman and chief executive officer. Asked as to why he was chosen for the top job, Sopko replies, …

MINING AND MILLING Bolter/Screener Miller Technology has developed an improved bolter-screener that will get its first production workout in Falconbridge’s Craig mine. A joint effort with Getman Corp….

Copper prices remained relatively strong during 1991. Despite some weakening of demand and an increase in supply, the market was buoyed by the threat of serious supply disruptions around the world. Pr…

The Canadian economy entered 1991 in a recession that was already nine months in duration. In general, the economy was characterized by high unemployment, low consumer and business confidence, weak co…