Ontario supports Shoal Lake mining
Ontario’s mines minister, Gilles Pouliot, says the Ontario government supports mining development on Shoal Lake in northwestern Ontario as long as it does not threaten the available supply of drinking…
1990
ERG ceases trading
The Ontario Securities Commission has issued a cease-trading order to ERG Resources (TSE) for failure to make statutory filings. A hearing will take place on Dec. 14. ERG, which owns a gold tailings r…
Golden Hope uncovers more high grade at Bellechasse gold bet
With a firm commitment from St. Genevieve Resources (TSE) to spend $2 million by Aug. 15, 1991, Golden Hope Resources (COATS) continues to uncover high-grade veins as it strips back overburden from th…
Chutine options Mexican properties
Options on two gold properties, Amelia Mine and Amelia 7, in Sonora, Mexico, near Magdalena, have been acquired by Chutine Resources (VSE) through a Mexican subsidiary. The company says both propertie…
Toronto Stock Exchange Indices (December 17, 1990)
Dec. 11 Dec. 10 Dec. 7 Dec. 6 Dec. 5 HIGH LOW Composite “300”3239.25 3236.85 3233.56 239.37 3226.52 4009.47 3009.91 Metals & Minerals 766.69 2754.03 2756.89 2774.13 2738.43 3453.06 2502.63 Integrated …
New FMC operation for sodium cyanide
Production of sodium cyanide at a new Wyoming plant was started up by FMC Corp. in November. Size of the Chicago company’s plant is 60 million lb. of the product per year. Cyanide is used in the milli…
Company to provide ore-testing service
A new ore-testing business, Applied Ore Testing Inc., opened its doors Nov. 1 at Oakville, Ont., just west of Toronto. The operation consists of a metallurgical laboratory and pilot plant. President J…
Billiton’s Flett has experience in Canada scene
Although born and bred in England, Billiton Metals Canada’s new president, Andrew Flett, is no 0000,0509 stranger to Canada. As a university student, he spent a summer b a c k p a c k i n g from the e…
LETTERS TO THE EDITOR B.C.’s decision on Eskay claims worries
I was disappointed with the British Columbia Ministry of Energy, Mines and Petroleum Resource’s decision to recommend cancellation of seven of nine Eskay Creek claims held by Eurus Resources (T.N.M., …
Montreal Exchange Messeguay is active
Trading continued to move forward, with the market portfolio ahead by almost 6 points for our report period, and the mining and minerals index up almost 17 points. Daily trading activity ranged betwee…
People PACIFIC GOLD (December 17, 1990)
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
Mahogany set to buy 33% of Columbia Gold
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…