NEWS IN BRIEF (October 29, 1990)
Geologists from all over the globe will meet in Toronto, Ont., May 27-29, 1991. The conference, sponsored by the Geological Association of Canada and the Mineralogical Association of Canada, will incl…
News
Noble, Borealis to terminate deal
Termination of a joint venture involving gold property southwest of Rankin Inlet, N.W.T., has been agreed to by Noble Peak Resources (ASE) and Borealis Exploration (ASE). Borealis will transfer to Nob…
PROFILE Boivin hitches La Sarre’s fortune to meteorite hit
About 300 km north of Baie Comeau, Que., lies the Manicouagan basin, which shows good potential for base metal mineralization. Earlier this year, La Sarre Mining Exploration acquired 216 claims in the…
Crude gears up for accelerated program at Moss Lake project
Exploration at the Moss Lake property northwest of Thunder Bay, Ont., is set to increase markedly as winter freeze-up provides operator Central Crude (TSE) with access to the choicest ground. Presiden…
Toronto Stock Exchange Indices (October 29, 1990)
Oct. 23 Oct. 22 Oct. 19 Oct. 18 Oct. 17 HIGH LOW Composite “300”3123.02 3115.45 3086.64 3060.02 3023.38 4009.47 3009.91 Metals & Minerals2729.86 2747.52 2714.91 2650.29 2598.61 3453.06 2587.95 Integra…
Aurochs explores copper-gold bet in Gaspe region
Montreal-based Aurochs Exploration (ME) is gearing up to explore two new gold and copper showings in the Matapedia Valley area of Quebec’s Gaspe region. The showings, discovered by a prospector, are s…
IOCC GOLD OPTIONS (October 29, 1990)
Options Open Series Volume Last Interest Nov. 360 C 298 17.50 344 Nov. 380 C 809 6.00 976 Nov. 390 C 705 3.20 1,360 Nov. 400 C 421 2.80 2,672 Nov. 410 C 309 1.30 3,154 Nov. 420 C 270 1.30 3,517 Nov. 4…
Michigan copper area ripe for revival
Looking around this small town and the others that surround it, one gets a feel for the cyclical nature of the metals mining industry. Remnants and reminders of the pre-1970s glory days — copper ligh…
INSIDER TRADING Kaiser has faith in Madeleine bet
Oklahoma oilman George Kaiser continues to show confidence in the prospects for Toronto-based Madeleine Mines (TSE). The chairman of Kaiser Francis Oil Co., who already owns more than 10% of Madeleine…
LETTERS TO THE EDITOR Governments sap industry’s vitality
I wish to address the plight of the Canadian mining industry in these troubled times. It is abundantly clear that the vitality of our industry has been sapped by severe, adverse and counter-productive…
California alone in recognizing importance of minerals
It is interesting to note that California — a state in which the mining industry finds difficult to obtain the required permits to mine — some time ago recognized the importance and uniqueness of it…
U.S. REPORT Bunker Hill moves to cut workforce
Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quar…