N.W.T. exploration continues to wane
Exploration expenditures in the Northwest Territories are expected to decline by about 13% in 1991, following a 31% drop last year. Based on the results of a telephone survey of companies working in t…
News
Thunderwood, Greenstone extend zone at Scott Lake
Scott Lake project partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have increased the extent of copper-zinc mineralization at the property near Chibougamau, Que. Results from a 28,…
Vior, Mazarin in property deal with Cameco
A joint-venture agreement has been signed by Societe d’Exploration Miniere Vior (ME) and Societe d’Exploration Miniere Mazarin (ME) with Cameco (TSE) which will allow Cameco to earn a 60% interest in …
Drilling extends strike at Chuchi for BP, Digger
Drilling on the Chuchi Lake porphyry copper-gold property in north-central British Columbia has extended the mineralized strike length to at least 1,000 metres with a recent higher-grade gold intersec…
Drilling to start at AOK claims of Takla Star
An initial 9,000-ft. drilling program by Takla Star Resources (ASE) is about to begin on the company’s AOK gold-copper property located about eight miles southwest of Placer Dome’s Mt. Milligan gold-c…
Nevada Goldfields buys claims it had been leasing for mining
Consolidated Nevada Goldfields (TSE) has purchased several mining properties in the Aurora mining district of Nevada for $1.2 million. The Colorado-based junior had been leasing the claims, which incl…
Toronto Stock Exchange (September 16, 1991)
Precious metal stocks hit as gold price drops A big drop in the price of gold during the week ended September 10 put more pressure on North American precious metal stocks and lowered confidence in an …
Canada retains top position among gold coin producers
Canada retained its position as the top world user of gold for coinage during 1990, requiring more than one million oz. to mint the popular Maple Leaf bullion coin, according to a report published by …
Hedging program proves profitable for Royal Oak
Vancouver-based Royal Oak Mines (TSE) has collapsed its gold hedging program in order to pay down long-term debt. As of June 30, Royal Oak had hedged 100,000 oz. of gold at an average delivery date pr…
WAMIC `fiesta’ raises funds for bursaries, charity
Sunny weather and higher than normal attendance helped the Women’s Association of the Mining Industry of Canada raise funds for bursaries, scholarships and charities at its annual picnic Sept. 7. “It …
Wheaton acquires Skukum project
Toronto-based Wheaton River Minerals (TSE) says it intends to start a feasibility study at the Skukum Creek gold and silver property near Whitehorse, Y.T., after acquiring the project from Omni Resour…
Potash Corp. warrants sold
The province of Sas-katchewan, through CIC Mining Corp., has sold 7.3 million special warrants of Potash Corp. of Saskatchewan (TSE) for proceeds of close to $137 million. Priced at $18.75 each, the s…