Letters to the Editor Already in place
Your editorial of Oct 9 argues persuasively that tax legislation should be amended to ensure equitable treatment of mine reclamation costs. You may be interested to know that legislation passed in Bri…
1989
Placer Dome in second phase drilling at Mexican Hat
A second- phase drill program by Placer Dome U.S. is under way on the Mexican Hat bulk tonnage gold property in Cochise Cty., Ariz. Oneida Resources (VSE) began exploring the gold prospect early this …
Zinc, copper prices boost Cominco earnings
Higher prices for zinc and copper brought about an increase in unaudited consolidated earnings for Cominco Ltd. (TSE) during the first nine months of 1989. The company reported earnings of $175.5 mill…
Vassan shares
Junior Ressources Vassan (ME) is proposing a restructuring of its share capital and a name change to Ressources Savanor. The proposed conversion ratio is 10 existing shares for one new share. The comp…
Belmoral, Aur sign milling deal
A custom-milling agreement has been signed between Belmoral Mines (TSE) and Aur Resources (TSE) whereby the former will mill all gold ores produced from Aur’s Kierens and Norlartic projects for four y…
Treminco to test mine NWT gold bet
As soon as permitting is in place, Treminco Resources (TSE) plans to begin test mining the Crestaurum gold property 15 miles from its Ptarmigan gold mine in the Northwest Territories. The company rece…
IOCC GOLD OPTIONS Options Open SeriesVolumeLastInterest Nov 360 C
01,263 ** Feb 380 P 16210.001,582 ** ** May 380 P 101 8.50 178 ** The New York closing gold price was $374.20 per oz. Last quotations for IOCC gold options…
LAC to gain from BIG’s exploration potential
Promising exploration potential is one major asset Bond International Gold (TSE) will have to offer its new controlling shareholder LAC Minerals (TSE) of Toronto. According to broker Shearson Lehman H…
McNickel buying copper-nickel bet in Saskatchewan
McNickel Inc. is acquiring a copper-nickel property near Gallager Lake in northern Saskatchewan. The 8-claim property is reported to host a deposit with some 1.77 million tons of material grading 0.73…
Letters to the Editor Alexanders Laing did not reneg’
I was dismayed to read your editorial regarding Alexanders Laing & Cruickshank and the exercise of their “right of withdrawal” in respect to the recent financing of Prime units (“Welshing on a bet,” N…
Placer Dome options Dufresnoy property
A letter of intent has been signed between Dufresnoy Inc. (ME) and Placer Dome (TSE) whereby the latter may earn a 50% interest in the former’s New Bidlamaque Union Mining property just east of Val d’…
Westmin’s Pioneer leads Sulphurets into production phase
A hot spot for gold discoveries over the past few years, British Columbia’s Stewart- Sulphurets region is moving into a production phase following start-up of Westmin Mines’ (TSE) Premier Gold propert…