Ronrico set to mine Louvicourt gold bet
Joint venture partners Ronrico Explorations (VSE) and partner Louvicourt Gold Mines (COATS) have commenced development work at the Simkar gold project, east of Val d’Or, Que. Louvicourt is a 58% owned…
1990
Kirkland Lake gets boost from Virginiatown operations
Associated with gold mining for a good part of this century, the Kirkland Lake area of northern Ontario is undergoing a revival of sorts in large part through the efforts of Deak Resources (TSE). The …
Spot prices at a glance (October 15, 1990)
Week’s Price (US) Change Gold* $392.20 + $2.35 Silver* $4.63 — $0.06 Platinum* $443.75 — $0.25 Nickel** $4.28 — $0.06 Lead** $0.35 + $0.01 Copper- $1.29 + $0.01 Zinc– $0.61 — $0.03 Courtesy of Sc…
Fort Cady lawsuit
Corona (TSE) filed a lawsuit earlier this year in the Ontario Court, general division against its partner in the Fort Cady boric acid project, northeast of Los Angeles, Calif. Corona, through Fort Cad…
Sudbury home to one of the world’s premier mining companies
From the day in 1883 when a railway worker spotted strong copper mineralization on the rim of the Sudbury Basin, Sudbury, Ont., has evolved through a decades-long era of total dependence on mining to …
Ontario accounts for 37% of Canada’s mineral output
Ontario ranks first in terms of annual provincial mineral production value, accounting for about 37% of Canadian production, Ontario Mining Association statistics reveal. Some 90% of Ontario’s metals …
Barrick drills new zone east of Holt-McDermott
American Barrick Resources (TSE) is drilling what a company official has described as an “interesting new zone” on the Mattawasaga property, east of Barrick’s Holt-McDermott gold mine at Kirkland Lake…
Inco, Golden Knight renew Casa Berardi exploration
This month marks the start of a 15-month exploration program at Casa Berardi Est gold mine in Quebec of Inco Gold and Golden Knight Resources. The program is designed to define the mine’s resources in…
Aurizon talking with bondholders
A second-quarter writedown of its Sleeping Giant gold property near Amos, Que., left Aurizon Mines (TSE) in breach of a covenant in the agreement with its Swiss bondholders to maintain a minimum net w…
Centurion plansmerger with US Precious Metals
Already affiliated by way of common management, U.S. Precious Metals (TSE) and Centurion Gold (TSE) are planning to merge into a consolidated company with a greater asset base and exposure to opportun…
T.V. expose of VSE ignores mining
Mining exploration and development companies make up about 70% of listings on the Vancouver Stock Exchange. Despite this, the exchange’s important role in North American mining didn’t rate a mention i…
Avondale gets high grades in Iskut area
A 24.3-ft. intercept grading 1.19 oz. gold, 1.39 oz. silver and 0.87% zinc was returned from recent underground drilling at the Inel property in the Iskut River camp of northwestern British Columbia. …