Exploration software catches on (June 18, 1990)
It still takes a great deal of field work. Dozens, sometimes hundreds, of drill holes still have to be sunk. But, more and more, exploration work is being simplified, thanks to computer software. At l…
1990
Galactic adds new blood, Friedland steps back
After a decade as the driving force behind Galactic Resources (TSE), Robert Friedland has stepped aside as president and chief executive officer to turn over the helm of the company to a management te…
News In Brief Newfield cancels private placement
A private placement recently announced by Newfield Minerals (TSE) (T.N.M., June 4/90) was not accepted by The Toronto Stock Exchange and, therefore, will not proceed. The proposed placement included f…
People FAIRBANKS GOLD (June 18, 1990)
Dr. I. M. Gray appointed president and chief operating officer; Eric Friedland, formerly president, assumed the positions of chairman and chief executive officer.
High prices, poor Aur results puts spotlight on other bets (June 18, 1990)
For much of last year, the Aur Resources, (TSE) Societe Miniere Louvem (TSE) copper-zinc-rich massive sulphide discovery east of Val d’Or, Que., was the most talked about base metal play in Canada. Wh…
Looking beyond North America for exploration opportunities (June 18, 1990)
More than ever before, Canadian juniors are now looking overseas for new investment opportunities as exploration heads for a slowdown at home. A brief survey of junior mining companies by The Northern…
Anglesey completes feasibility study
By the third quarter of this year, Anglesey Mining (London Exchange) expects to have in hand a completed feasibility study for its 100% owned Parys Mountain polymetallic project in North Wales. .TAngl…
Metal Prices FREE MARKET (June 18, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 12 June 11 June 8 June 7 June 6 Copper 1508-1510 1526-1528 1550-1552 1543-1545 …
Drilling planned for Gossan project
An exploratory drill program is being planned by Vector Industries International (VSE) for its Gossan property in the “Golden Triangle” region, north of Stewart, B.C. The funds for the work program wi…
PDAC urges fair taxation for exploration financing
The federal government must stop discouraging investment in the mining exploration industry, says the Prospectors and Developers Association of Canada (PDAC). The Toronto-based mining association is u…
BP, Lysander in joint venture
A final and formal joint venture agreement was recently signed by BP Resources (TSE) and Lysander Gold (VSE) for ongoing exploration of the Cat Mountain project, north of Prince George, B.C. Cat Mount…
Placer stands by cash offer to buy Stikine shares
Shareholders of Stikine Resources (TSE) will have the opportunity to accept buy- out offers for their shares from either Corona (TSE) or Placer Dome (TSE). Both major companies recently announced offe…