Eastmaque closing tailings project
Eastmaque Gold (TSE) has elected to close its Kirkland Lake, Ont., gold tailings reclamation and recovery project after extracting about 12,500 oz. this year. While the 19,865 oz. recovered from the p…
News
Morrison selling Aerodat interest
Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…
Rayrock buys 20% of New Canamin
Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…
Durga writes off exploration costs
Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…
Belmoral gets $2 m refundable credit
Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…
Meeting cancelled
The First International Symposium on Sulphide Dust Explosions, Mine Fires & Emergencies (SDEMF&E), scheduled to be held in Bathurst, N.B., Oct. 27-31, 1991, has been cancelled because of the low numbe…
FUTURES PRICES (October 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…
Granges continues drilling Unuk River
Three of five recent holes drilled by Granges (TSE) on its 50% owned Unuk River project in northwestern British Columbia failed to return any significant gold or silver values. The project, in the Esk…
Sherritt purchase
Sherritt Gordon (TSE) reported completing its acquisition of oil and gas producer Canada Northwest Energy Ltd. The deal called for Sherritt to issue almost 4.7 million shares and almost $265 million p…
The facade of Soviet mining
Editor’s note: The president of Toronto-based Franco-Nevada Mining Corp., Pierre Lassonde, wrote about his summer trip to the Soviet Union, extractions of which follow. On Aug. 1, 1991, I left New Yor…
Platinum cube
It has been estimated that if all of the platinum ever mined in the world was formed into a cube, the cube would measure about 15×15 ft. on each side. South Africa and the Soviet Union supply most of …
Companies face criminal charges
Criminal charges have been laid against Royal Oak Mines (TSE) (and its predecessor, Pamour Inc.) by the Ontario Ministry of the Environment in connection with the Oct. 17, 1990, tailings spill at the …