Ont. grant for acid drainage work
Laurentian University’s department of science and engineering will receive a $9,750 provincial grant to study acid mine drainage, according to Ontario Mines Minister Gilles Pouliot. The university pla…
1991
After 45 years of operation – Undeveloped reserves at depth assure
Still going strong after more than 45 years of operation is the Campbell gold mine near Red Lake, Ont., of Placer Dome (TSE). This remarkable producer, which was started up in 1944, has recovered 7,07…
Total looking to sell mineral assets
Total Resources’ decision to rid itself of all its mineral assets has led its 71% owned subsidiary, Total Energold (TSE), to put all the company’s mineral assets up for sale. Total Energold is involve…
Report of Activities
Copies of the Resident Geologists 1990 Report of Activities are now available from ministry offices across the province. The report, published each year by the Ministry of Northern Development and Min…
Vancouver Stock Exchange Prime Equities, Teck swing deal
Both the VSE resource and composite indices pulled back during the week ended April 16. The resource index posted a 9.14-point drop to finish at 561.20, while the composite index closed at 573.27 for …
Noranda explores near Stewart
A unit of Noranda (TSE) will operate an exploration program this year on the Knipple Lake polymetallic prospect, 60 km north of Stewart, B.C. Hyder Gold (VSE) can earn a 50% interest in the property f…
PRODUCER PRICES (April 22, 1991)
ALUMINUM: MW U.S. Market US66.50-68.00 cents per lb. (Apr. 4, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CAD…
Alberta Stock Exchange Golconda falls 34 cents
During the week ended April 16, shares of Golconda Resources fell 34 cents to close at 77 cents on volume of nearly one million shares after the company released mediocre assay results from the first …
Foreign element an integral part of mining activity across Canada
Over the years, Canada has “exported” much of its mining know-how and expertise. In return, it has benefited from the presence of overseas corporations willing to take a chance on the country, its peo…
Hillsborough profit up
Higher contract revenues from the Westray coal project in Nova Scotia and the Mt. Hundere lead-zinc project in the Yukon helped Hillsborough Resources (TSE) double its profit in the first quarter of t…
Pilot plant next step for Peat
If Peat Resources (CDN) is successful in securing private sector financing, the company will construct a $4.5-million pilot plant to produce tonnage-scale quantities of peat fuel. Peat President Leon …
Potash Corp. profit up
The first-quarter profit of Potash Corp. of Saskatchewan is expected to be in the range of $11-13 million, up from $3.6 million in the year-earlier period, said Chairman Charles Childers. Childers rec…