Professor preparing environmental report
Toronto-based Consolidated Professor Mines (TSE) hopes to complete an environmental assessment report sometime next year for its proposed Duport gold mining operation at Shoal Lake near Kenora, Ont. L…
News
Cominco signs agreement on Quebrada Blanca
A definitive agreement has been signed for the development of the Quebrada Blanca copper deposit in northern Chile. As reported (N.M., Aug 28/89), the agreement provides for the formation of a company…
Westmin calculates reserves at Debbie and Yellow properties
Geological mineral inventories have been calculated by Westmin Resources (TSE) for the Debbie and Yellow gold exploration projects near Port Alberni on Vancouver Island. The Debbie is a joint venture …
McNickel’s Lac St. Jean prospect is uneconomic
The story of McNickel Inc.’s (COATS) copper-nickel exploration project at Lac St. Jean, Que., has ended in disappointment. The McNickel discovery, which earlier this year touched off a staking rush in…
Scintilore Trio hit gold at Carlin bet
Anomalous gold values at shallow depths have been encountered on a group of Carlin, Nev., properties held jointly by partners Trio Gold (ASE) and Scintilore Explorations (TSE). The two companies curre…
Black Gregor cuts low gold values on Marathon property
Preliminary assay results from Black Gregor Explorations’ (COATS) 255-claim property near Marathon, Ont., have returned low- grade gold values in four of seven widely spaced holes. The company plans t…
Ontario’s new Mining Act approved by legislature
Supported by all three political parties, Ontario’s new Mining Act sailed through the provincial legislature this fall gaining Royal assent on Dec 6. “After 73 years, Ontario now has a new Mining Act …
Metal Prices PRODUCER PRICES (December 18, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 30, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.50-$4.60(US) per lb. (N…
Alberta Stock Exchange Naxos again
The Naxos Resources issue continued its upward spiral, thanks to the work the company is doing on a 6,800-acre claim block in the Shumway Lake area south of Kamloops, B.C. Trading on 575,300 shares, N…
SOB demands second study for Prime/Calpine merger
In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…
CEIP incentive program is not very well understood
The federal government provides mining exploration with two major tax-related incentives. Both may be made available by mining corporations to persons who subscribe for their flow-through shares. Of t…
Westfield cashed up after asset sale
Westfield Minerals (TSE) reported net income of $5.5 million or 34 cents per share during the first nine months. During the same period last year, Westfield’s net income was $1.7 million or 12 cents …