Wilanour study in agreement with TVX view
An independent study sponsored by one of the minority partners in the Wilanour gold project near Cochenour, Ont., has confirmed the accuracy of previous reserve estimates by Toronto-based TVX Gold (TS…
1991
Galleon options BMR ground
A joint venture to explore the Will property near Clearwater, B.C., was formed between Galleon Mining (VSE) and BMR Gold (TSE). BMR can earn a 100% interest in the property in return for a $5,000 opti…
Spot prices at a glance (December 09, 1991)
Week’s Price (US) Change Gold* $365.70 – $0.80 Silver* $ 4.05 – $0.05 Platinum* $365.50 – $1.75 Nickel** $ 3.19 – $0.04 Lead** $ 0.24 + $0.01 Copper{ $ 1.06 – $0.03 Zinc $ 0.56 + $0.03 Courtesy of Sco…
Mink to explore for gold in Mali
Vancouver-based Mink Mineral Resources (VSE) is preparing to explore a 400-sq.-km concession in Mali after signing a joint venture deal with the government of the West African republic. Mink Resources…
U.S. REPORT (December 09, 1991)
The Securities and Exchange Commission in Washington, D.C., approved proposals this year advanced by the National Association of Securities Dealers (NASD) to raise the basic listing requirements and m…
EDITORIAL PAGE (December 09, 1991)
When it comes to developing our mineral wealth, those entrusted with the responsibility of making decisions for the public good sometimes have to weigh between economic development and wilderness pres…
Newfoundland Goldbar cuts gold values at Glover Island
Newfoundland Goldbar Resources, a Newfoundland-based exploration company, has intersected encouraging gold mineralization at Varna Gold’s (ASE) Glover Island property in Western Newfoundland. The main…
Mineral reserves on the decline says MAC chairman
Delegates to the recent Mineral Outlook Conference here were told that everyone is seeking a competitive edge. “However, in today’s world, any such edge is temporary,” said Keith Hendrick, chairman of…
Plasma blast marks opening of addition to R&D facility
Resources giant Noranda (TSE) has officially opened the $20-million expansion of its research facility in suburban Montreal — the Noranda Technology Centre. The expansion unites researchers, who were…
OBITUARY (December 02, 1991)
Renowned geologist William Fleming James died on Nov. 25 in Toronto. He was 96. Best remembered as a pioneer in resource development, James was inducted in-to the Canadian Mining Hall of Fame in 1990….
Martel rebuts remarks on rehab program
Ontario MPP Frank Miclash recently questioned the provincial government’s commitment to the rehabilitation of abandoned mine sites in Ontario. The Liberal member from Kenora in northwestern Ontario ca…
TSE Short Positions (December 02, 1991)
Semi-monthly reports as of November 15, showed 20,814,254 shares of 604 issues compared with 19,829,016 shares of 582 issues on October 31. Larger individual positions included: Amax Gold 68,300; Amer…