Noranda in search for new reserves
The minerals division of Noranda (TSE) maintains one of the largest exploration programs in the Western world and is currently testing more than 600 properties directly and in conjunction with partner…
1991
U.S. REPORT Geology group forms in Republic
A new geological society has been formed by 20 geologists representing the major mining and exploration companies operating in the Republic district of northern Washington. Dave Waisman, president of…
Bond Gold drops Shoal Lake option
After a year-long legal battle to secure its rights to the Shoal Lake claims in northwestern Ontario, Bond Gold Canada (TSE) has dropped its option to earn the remaining 50% interest in the gold prope…
Teck will take 450,000 oz. gold from Hemlo in ’91
With a 50% interest in two of Canada’s richest gold mines, Teck (TSE) was able to chalk up healthy financial results for yet another year. President Norman Keevil told shareholders at the recent annu…
Montreal Exchange Changes for La Sarre
The senior mining companies fared well during the week ended April 30 in terms of trading activity, although the general daily volumes, in the range of 2.9 million to 5.2 million shares, were off from…
Pulse drilling in South Carolina
A drilling program recently commenced on the Hinson gold project, about three miles southwest of Jefferson, S.C. Pulse Resources (VSE) can earn a 100% interest in the property by making cash payment…
Inco’s Indonesian subsidiary reports lower revenue, profit
P.T. International Nickel Indonesia, the 58% owned subsidiary of Toronto-based Inco (TSE), recently reported a 48% decline in its first-quarter earnings compared with last year’s levels. P.T. Inco., w…
U.S. REPORT Roby Partnership, Santa Fe boost reserves at Marigold
Drilling continues on the Marigold property in Nevada where the owners, the Roby Partnership (70% interest) and Santa Fe Pacific Minerals (30% interest), have identified several zones. In addition to …
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
Adonos placement
Adonos Resources (VSE), an affiliate of Balck Cliff Mines (TSE), reported arranging a private placement involving a minimum of 800,000 units and a maximum of one million units at $1.25 per unit.
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…
Grange looks for partners (May 06, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…