1990

Optimistic about the future of the iron ore market, Ungava Iron Ores, a newly formed private company, has acquired a significant iron ore deposit at Hopes Advance Bay in northern Quebec. The Ungava de…

Options Open Series Volume Last Interest May 400 C 374 13.50 1,211 May 410 C 408 7.00 1,206 May 420 C 433 4.00 2,592 May 430 C 151 2.20 1,521 May 440 C 146 1.30 1,569 May 450 C 226 0.60 1,157 Aug. 430…

A well defined operating strategy backed by more than US$49.4 million in capital improvements has enabled Nerco Minerals, a unit of Nerco Inc. (NYSE), to achieve a turnaround in operations at its Con …

While the mining community was taking a look into the future at this year’s Prospectors and Developers Association Convention in Toronto, the U.S. dollar continued to exert downward pressure on the pr…

The latest uncut assay results released by operator Calpine Resources (VSE) are continuing to confirm the high- grade nature of the Eskay Creek gold deposit, north of Stewart, B.C. Calpine owns 50% of…

You recently reported (T.N.M., Feb. 12/90) on the intent of the Ontario Securities Commission (OSC) to regulate professionals. As a professional engineer, I find the desire of the OSC to extend its po…

Chromite explorer Gateford Resources saw its share price double to 65 cents on volume of more than a million shares during the week ended Mar 13. Gateford and its private affiliate Canchrome Mines are…

Gold and silver production at the Samatosum mine, 28 miles northeast of Kamloops, B.C., more than doubled in the January-February period, compared with the average monthly production rate since the mi…

Two properties in northwestern Quebec have been optioned to Inco (TSE) by a pair of related companies. An agreement with Aunore Resources (ME) will allow Inco to earn a 100% interest in 16 claims in B…

The potential for mineral exploration in South America will undoubtedly be one of the key mining stories of the 1990s. There has already been a shift in focus by some of the more farsighted, internati…

Walter Baker, well-known prospector and resident of Larder Lake, Ont., died suddenly on March 2. He was 86. Baker began prospecting at an early age in the Bisset-Rice Lake gold camp of Manitoba and du…

At an age when most of their contemporaries are living off their pensions, Todson Becker, 80, and partner Howard Banting, 72, are still doing deals and making a living from the exploration business. F…