Orex, Onitap reach agreement on suit
A legal dispute related to the Goldboro gold project in Nova Scotia has been settled out of court by Onitap Resources (TSE) and Exploration Orex (ME). (T.N.M., Dec. 17/90. Orex, which initiated the le…
1990
Inco Gold profit picture revealed
In the first nine months of the year, Inco Gold, a unit of Inco (TSE), showed a profit of US$6.6 million, compared to a loss of $3.7 million in the year-earlier period. The significantly improved prof…
U.S. REPORT Atlas drops into red in first quarter
A drop in both the price of gold and production levels help to explain a loss of US$688,000 for Atlas (NYSE) in its first quarter ended Sept. 30. The results compare to a net income of US$607,000 in t…
FINANCING (December 24, 1990)
Vaalco Energy Inc. — 38,333,333 shs offered @ 60 cents per sh. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per sh.
Pezim vows to fight B.C. trading ban
Murray Pezim is back in Vancouver preparing to 0000,0509 appeal a decision by the British Columbia Securities Commission to ban him from trading on the Vancouver Stock Exchange for a 1-year period. Th…
LETTERS TO THE EDITOR Students voice concern over new Mining Act
We are mature students attending, for various personal and career reasons, a course in prospecting at George Brown College’s St. James Campus, Toronto, Ont. We would like to inform Ontario’s Mines Min…
U.S. REPORT Noranda to explore Blue Dog
Ongoing exploration of the Blue Dog gold project near Weiser, Idaho, is to be managed by a unit of Noranda (TSE) under the terms of a recent agreement-in-principle with Gold Canyon Resources (VSE). Sh…
LETTERS TO THE EDITOR Continental drift
I was delighted to see your coverage (Dec. 3/90) of a new contract for Watts, Griffis & McOuat in the Republic of Yemen. Despite certain geologic connections, you should be aware that Yemen is not in …
Labelling scrap `hazardous’ could cut smelter feed
Proposed legislation governing cross-border shipments of hazardous waste threatens to put the recycling divisions of some of Canada’s biggest mining companies out of business. The mining industry says…
James ready to cut costs in order to save Denison
Just two months short of his 62nd birthday, former Falconbridge Ltd. chairman Bill James has taken on what could be the biggest challenge of his career. After accepting an invitation to 0000,0509 beco…
Tulsequah Chief hole fails to cut H Lens mineralization
Hole 90-29 on the Tulsequah Chief property was drilled into footwall andesite and stopped at a depth of 2,635 ft. without encountering H Lens mineralization. The Tulsequah property is in northwestern …
Followup drilling for Rock and Roll bet
Partners Eurus Resource (VSE) and Thios Resources (VSE) are planning a second phase of drilling on their promising Rock & Roll massive sulphide prospect in the Iskut River camp of northwestern British…