EDITORIAL PAGE GST is an improvement
Nobody likes to be taxed, and additional taxation is impossible to justify as long as government spending remains out of control. Nevertheless, the public outcry that arose when Ottawa’s new goods and…
News
Canadian Mining Hall of Fame – Inductee VIOLA RITA MacMILLAN, 1903-
Viola Rita MacMillan had two careers in the Canadian mining industry. She and her husband teamed up as prospectors and developers of several substantial mineral deposits across the country. She was al…
Rhodes, Toltec drill low-grade bet
Recent surface work and drilling on the Gold Basin property in Arizona may be uncovering a large, low grade gold system, report partners Consolidated Rhodes Resources (VSE) and Toltec Resources (VSE)….
Queenston jumps on word of 17-ft sulphide interval
Shares of Queenston Mining (TSE) were active recently following speculation related to a 5-hole drill program on the company’s Matachewan, Ont., joint venture with Strike Minerals (COATS). The program…
OSC clears way for Borealis deal
A cease-trading order against Borealis Exploration (ASE) has been lifted by the Ontario Securities Commission (OSC) which will allow the junior to buy back more than 576,000 of its own common shares (…
Cash rich Kerr Addison planning to sell oil and gas stake worth
Toronto-based Kerr Addison Mines (TSE) intends to sell its 30.5% stake in Calgary-based oil and gas producer Anderson Exploration. Kerr’s 6.2 million shares of Anderson are worth nearly $100 million a…
Metal Prices FREE MARKET (January 14, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date January 8 January 7 January 4 January 3 January 2 Copper 1348-1350 1358-1360 1322-13…
TSE agrees to operate COATS
The Toronto Stock Exchange (TSE) has agreed to take responsibility for the unlisted stock market known as COATS. Towards the end of January, the TSE will take over the trading system from the Ontario …
Minnova to drill Big Island bet
A 5,000- metre diamond drilling program is scheduled to begin before month- end at the Big Island property located near Flin Flon, Man. Minnova (TSE) is earning a 50% interest in the property from New…
Major arranges line of credit for winter drilling in Ontario
Funds made available through a 6-month line of credit will allow Major General Resources (VSE) to initiate a winter drilling program at its wholly owned Meen Lake, McVean Lake and First Loon propertie…
Revived Inlet plans drilling at Chibougamau
Drilling will get under way at the Grandroy mine project near Chibougamau, Que., this month, says property-owner Inlet Resources (VSE). Inlet will be testing the depth potential of the copper-gold dep…
Alberta Stock Exchange Golconda up 16 cents
A porphyry gold prospect in southern California has been acquired by Golconda Resources which rose 16 cents to close at 28 cents on volume of 82,000 shares. Golconda said widespread gold mineralizatio…