Vancouver-based Glen Auden Resources (TSE) has formed a joint venture with Cross Lake Minerals (VSE) to explore two claim groups located in Casa Berardi and Estrees twps. in northwestern Quebec. The t…
Drilling at the little Billie mine on Texada Island, B.C., has returned a number of copper-gold skarn intersections. The property is owned by Vananda Gold (VSE) which is attempting to expand prelimina…
Establishing grade certainty in the open pit reserve potential of the Main zone on the Frasergold property will be an important mandate of the 1991 program planned by Eureka Resources (TSE) and a unit…
A $4.2 million writedown, mainly related to a royalty interest in the floundering Colomac gold mine, has made a dent in the 1990 income of Rayrock Yellowknife Resources (TSE). Net earnings for the yea…
No longer the thrill-a-month drill play that kept investors on tenterhooks for most of 1989, the Louvicourt Twp. massive sulphide project east of Val d’Or, Que., has entered the critical mine developm…
The volume leader on the week, North American Rare Metals, got in on the Benoit Twp. excitement in northwestern Quebec by announcing it had purchased a 30% interest in 70 claims about three miles sout…
A fourth phase of diamond drilling has begun on the Hislop Twp. gold property of 60/40 partners Noranda (TSE) and Glimmer Resources (VSE) in northeastern Ontario. The property is situated along Hwy. 1…
The New Quebec Raglan project, Falconbridge’s perennial mine of tomorrow, is inching closer to a production decision. Recently, a freighter successfully navigated the winter ice and docked at an aband…
A $1 million exploration program funded by Digger Resources (VSE) and equal partner BP Resources Canada (TSE) is under way at the Chuchi Lake copper-gold project in north-central British Columbia. The…
Underground drilling at the Samatosum mine has intersected high-grade mineralization 10 metres below the known extent of reserves. The Samatosum mine, near Kamloops, B.C., is a 70-30 joint venture bet…
While the value of shares traded on the Toronto Stock Exchange was down 23.5% in 1990 from 1989 levels, the exchange remains second only to the New York exchange in North America. In 1990, $64 billion…
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
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