Noranda, Freewest continue drilling
The latest drilling results from the Lightning gold zone in northeastern Ontario of Noranda (TSE) and Freewest Resources (TSE) continue to enhance the project’s potential. The Lightning zone is situat…
News
Total may sell Tundra gold stake
A 49% interest in the Tundra gold project in the Northwest Territories is one of many mineral projects being unofficially put on the block by the parent company of Total Energold (TSE). Total Resource…
U.S. REPORT Amax earnings edge up
A jump in gold production helped Amax Gold (NYSE) report an increase in third- quarter earnings to US$10.6 million from US$10.1 million in the same quarter of 1989. Revenue for the three months ended …
Hebert expects buyer to emerge for Audrey
A document containing details of the Mobrun polymetallic mine feasibility study, completed recently by Audrey Resources (TSE) and Minnova (TSE), has been delivered to about 20 companies. Audrey Presid…
Harvey to remain as Hemlo President
Despite rumors to the contrary, Hemlo Gold Mines (TSE) President John Harvey says he has no plans to resign from his position. Harvey says he hopes to continue as president of the 50.8% owned Noranda …
Echo Bay takes $40-million writedown on Alta Bay venture
Echo Bay Mines (TSE) is taking a substantial writedown on its 40% interest in the Alta Bay joint venture this quarter. The US$39.7-million writedown, which includes half of Echo Bay’s US$41.3-million …
COATS (Over-the-counter) Anglo gains exposure
In the midst of continent-wide dog-and-pony show to raise money for further exploration on the Ladner Creek gold project in British Columbia, Anglo Swiss Mining gained 5 cents on 189,783 shares to clo…
Alberta Stock Exchange Ontex gains 70 cents
A recent Ontario court decision which restored Ontex Resources’ title to the Brookbank gold property in northern Ontario boosted that company’s shares 70 cents to $2.90 in the week ended Dec. 18. The …
Eastmaque and major shareholder at odds
An apparent falling out over the conversion of its preferred shares into common shares has Eastmaque Gold Mines (TSE) at odds with its major shareholder, VenturesTrident. VenturesTrident filed a lawsu…
Vancouver Stock Exchange The Grinch who stole Murray’s trading
With the Vancouver Stock Market already scraping bottom, the announcement of a year-long trading ban on Murray Pezim didn’t seem to have much of an effect. The Vancouver Composite Index remained virtu…
Redfern’s John Greig predicts strong showing for base metals
Among Canada’s notable mineral deposits of recent years is the Tulsequah Chief property in British Columbia, owned 40% by Redfern Resources and 60% by Cominco Ltd. Three years of underground drilling,…
EDITORIAL PAGE Learning politics
“I learned the trade in Ireland when I went there to develop a mine that was going to represent 10% of the Irish economy — the largest mine in Europe — and I was in my thirties — and not one person…