1991

U.S.REPORT Great Lakes buys out Michigan firm

Increasing its commitment to northern Michigan, Great Lakes Minerals (TSE) has acquired 100% of Keeweenaw Copper (KCC), a private company with a stake in a number of copper deposits along the Keeweena…


Aboriginal title action quashed

An aboriginal title action launched against the province of British Columbia by the Gitksan and Wet’suwet’en hereditary chiefs more than three years ago was denied in a recent ruling by British Columb…


Ontario Over-the-Counter New zone at MacLeod

Two holes drilled into the mineralized contact at the MacLeod Lake property north of Chibougamau, Que., have intersected a new copper zone, the South zone, extending over a strike length of 500 metres…


Insider Trading Dayton directors ready to cash in

A small group of Dayton Developments (TSE) directors were recently positioning themselves to cash in on any future increases in the Vancouver company’s share price. Back in mid-December, after enginee…


Noranda drops Merry Widow

After carrying out a limited exploration program, aunit of Noranda (TSE) has decided not to continue its option onthe Merry Widow property owned by Taywin Resources (VSE) on Vancouver Island in southw…


U.S.REPORT Galactic reports more writedowns

Writedowns totalling US$39.7 million pushed Galactic Resources (TSE) into a US$36.7-million loss for the year ended Dec. 31. The writedowns included charges against the company’s Summitville mine, its…


Taxpayers can’t afford expensive native programs

With our mining industry facing more hurdles and challenges today than ever before, there’s yet another ominous cloud looming. It’s that rising hue and cry for massive native land claims that could le…


Writedown puts Malartic in red

Lower gold prices combined with asset writedowns and provisions for losses on certain investments put Malartic Hygrade Gold Mines (VSE) in the red durring 1990. The company reported a loss of $5.55 mi…




Montreal Exchange Claim dispute brewing

A claim-staking dispute is brewing over property in Benoit Twp. in northwestern Quebec near where a gold showing by Freewest Resources recently caused a staking rush. The Freewest discovery instantly …


OBITUARY Ossian Walli

Ossian “Ossie” Walli, a well-known educator and founding architect of the post-secondary Haileybury School of Mines, died recently in New Liskeard, Ont., after a brief illness. He was 88. Born at Copp…


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