New technologies to refine gold, pgm
The Department of Mining & Metallurgical Engineering at McGill University will hold a seminar, April 29-May 1. Topic is “refining and recycling of precious metals — a technology update.” The seminar …
1990
Toronto Stock Exchange Indices (January 07, 1990)
Jan. 1 Dec. 31 Dec. 28 Dec. 27 Dec. 26 HIGH LOW Composite “300” Holiday 3256.75 3237.46 3233.69 Holiday 4009.47 3009.91 Metals & Minerals Holiday 2739.73 2727.00 2742.94 Holiday 3453.06 2502.63 Integr…
Lac des Iles mine operating _ Madeleine still needs permits
Toronto-based Madeleine Mines (TSE) has applied to the Ontario government for permission to operate a 3,000-ton-per-day palladium- platinum mine on a 5,000-acre property at Lac des Iles, near Thunder …
Thunderwood and Greenstone report Scott Lake results
A 25,000-ft. drilling program has been completed by equal partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) on their Scott Lake polymetallic property, 12 miles west of Chibougamau, Q…
NEWS IN BRIEF AFOC maps local mining claims
The Bureau of Mines’ Alaska Field Operations Center (AFOC) is making location maps of mining claims in the state. Active and historical mining claims have been plotted on mylar overlays on a U.S. Geol…
Toronto Stock Exchange Market gets off to lacklustre start as gold
Market activity got off to a slow start as investors finally said goodbye to 1991 and got down to business. Today, Jan 2., only 10.5 million shares changed in a lacklustre session that one can only ho…
Geddes’ new plan shows less acid drainage likely
A revised mine plan for the Windy Craggy project was recently submitted to the British Columbia government by Geddes Resources (TSE), a junior company which is proposing to develop a major copper mine…
Canamax writedown
Canamax Resources (TSE) has concluded a $39.5-million writedown of the company’s assets and investments in other exploration firms to be provided for its year- end accounts. The writedown resulted fro…
Vancouver Stock Exchange Star performers of the year
The past year was a cruel one for the Vancouver Stock Exchange as the Composite Index plunged 26% to 527.37 from its year-earlier level of 713.71. The high and low for the period were 802.20 and 505.8…
Chutine funding
Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…
Drill program to test IP targets at Fireweed
A drill program is planned for early 1991 on the Fireweed property north of Smithers, B.C. Mansfield Minerals (VSE) granted Minnova (TSE) the right to earn a 70% interest in the polymetallic project b…
Elliot Lake to receive $15-million financing
The area surrounding Elliot Lake, Ont., will receive $15 million from the provincial government to help diversify and revitalize its economy after a series of job losses at the community’s uranium min…