Miners strike at Cassiar mine
Union employees at the Cassiar mine in northern British Columbia rejected a new collective agreement offered by a unit of Princeton Mining (TSE) and stopped work on the evening of March 1. .TThe propo…
News
Gold Commissioner cancels Eurus claims
The British Columbia Chief Gold Commissioner recently ordered the cancellation of the Alpha, Beta, Rho, Gamma, Epsilon and Omega claims held by Eurus Resource (VSE) in the Eskay Creek camp north of St…
Forbex accused of claim jumping
Rouyn-Noranda-based Forbex Resources (ME) has filed a notice of staking with the Ministry of Energy and Mines of Quebec concerning 54 claims it staked in Benoit Twp., Que., where Freewest Resources (T…
Aboriginal title action quashed
An aboriginal title action launched against the province of British Columbia by the Gitksan and Wet’suwet’en hereditary chiefs more than three years ago was denied in a recent ruling by British Columb…
Falco Gold profit (March 18, 1991)
Toronto-based Falconbridge Gold (TSE) says its 1990 net earnings fell to $5.47 million (41 cents per share), compared with net earnings of $6.12 million (46 cents per share) in 1989. Revenue for the y…
Hope Brook losses continued in 1990
Continued difficulties with production at its low-grade mine in Newfoundland, coupled with relatively weak gold prices, kept {Hope Brook Gold Mines{ (TSE) in the red during 1990. The company reported …
Noranda options Kingswood claims
A 133-claim base metal property owned by Kingswood Resources (ASE) in the southern half of La Gauchetierre Twp., Que., has been optioned by Noranda Exploration, a unit of Noranda (TSE). The claims are…
PRODUCER PRICES (March 18, 1991)
ALUMINUM: MW U.S. Market US69.50-71.50 cents per lb. (Feb. 28, 1991). ANTIMONY: New York dealer US86-88 cents per lb. (Feb. 28, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
Hemlo’s Harvey likes idea of Noranda gold asset deal
Speculation that Noranda (TSE) is attempting to pare down debt by offering to sell its gold assets to 50.8%-owned affiliate Hemlo Gold (TSE) was confirmed recently by Hemlo Gold President John Harvey….
Chutine needs US$22m to build copper mine at San Antonio
Following the recent completion of a feasibility study, Chutine Resources (VSE) says it will need about US$22 million to build a new open pit copper mine at its San Antonio property in the Sonora stat…
U.S.REPORT Cyprus’ drilling spurs more work
Exploration work is continuing on Savanna Resources’ (ASE) Santa Rosa zinc property under option to Cyprus Metals Exploration in Inyo Cty., Calif. To date, Cyprus has completed an IP (geophysical) sur…
U.S.REPORT Oracle Ridge up and running
The Oracle Ridge project 70% owned by South Atlantic Ventures (VSE) is up and running. Production was planned for the third quarter of 1990, but startup was delayed by continued difficulties with inst…