NovaGold to buy Mt. Pleasant bet
A letter of intent has been signed by NovaGold Resources (TSE) with Billiton Metals Canada and LAC Minerals (TSE) which will permit NovaGold to purchase the Mount Pleasant tin-molybdenum-tungsten prop…
News
Goldbelt to consolidate
With a view of making its shares more attractive to potential investors, Goldbelt Mines (VSE) is proposing a 1-for-2 consolidation of its share capital. The company has 16,748,024 shares outstanding …
Adonos placement
Adonos Resources (VSE), an affiliate of Balck Cliff Mines (TSE), reported arranging a private placement involving a minimum of 800,000 units and a maximum of one million units at $1.25 per unit.
U.S. REPORT Amax Gold output down
A drop in production due to adverse climatic conditions at the Sleeper gold mine in Nevada resulted in lower output and earnings for Amax Gold (TSE). The Colorado company reported first quarter net e…
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…
Giegerich talks on problems of arctic mine development
Arctic mining, with its harsh climatic conditions and isolated lifestyle, presents immense difficulties to the mining companies that operate there and it takes special kinds of people to overcome them…
Curragh first quarter unaffected by strike at Faro mine
Striking employees at Curragh Resources’ (TSE) lead-zinc mine at Faro, Y.T., were recently issued with their first cheques since the strike began April 5. The 400 strikers, represented by the United S…
LETTERS TO THE EDITOR Quotation taken out of context
I am writing with regard to an article, “Trip heightens analysts’ enthusiasm for Chile” (T.N.M., April 15/91), in which our gold analyst was quoted. I am concerned that the quotation attributed to Ele…
Noranda in search for new reserves
The minerals division of Noranda (TSE) maintains one of the largest exploration programs in the Western world and is currently testing more than 600 properties directly and in conjunction with partner…
U.S. REPORT Geology group forms in Republic
A new geological society has been formed by 20 geologists representing the major mining and exploration companies operating in the Republic district of northern Washington. Dave Waisman, president of…
Bond Gold drops Shoal Lake option
After a year-long legal battle to secure its rights to the Shoal Lake claims in northwestern Ontario, Bond Gold Canada (TSE) has dropped its option to earn the remaining 50% interest in the gold prope…