Adonos estimates rutile tonnage
Initial exploration and evaluation has been completed by Adonos Resources (VSE) on the company’s rutile property in the Villenar area of Chile. The company is exploring the prospect for rutile which h…
1991
U.S. REPORT Positive study at Shafer bet
A recently completed prefeasibility study on the Shafer Gold deposit in Dillon, Mont., indicates it could be brought into profitable production at a rate of 350 tons per day. TPacific Gold (VSE) can e…
News in brief (March 04, 1991)
Lyon Lake Mines (ME) has signed a deal with Canaco Mining (ME) to earn a 50% interest in the latter company’s Benoit Twp. property in northern Quebec. The 34-claim property is immediately north of the…
Mazarin makes option deals
An option agreement has been signed between Societe d’Exploration Miniere Mazarin (ME) and Rio Algom (TSE) whereby the latter may earn a 60% interest in Mazarin property north of Amos, Que. To earn it…
Porphyry deposit at South Kemess
A large porphyry copper-gold deposit is being outlined at the South Kemess property in the Toodoggone region of north-central British Columbia. El Condor Resources (VSE) and Kennecott, in a 60-40 join…
Gold reacting to lack of speculative demand
As peace seemed imminent in the Persian Gulf during the week ended Feb.26, both gold bullion and oil prices drifted lower, taking several TSE-listed gold mining stocks along with them. By presstime, g…
Bethlehem, Goldnev drilling bet’s down-plunge extension
Drilling on the down-plunge extension of the Goldstream deposit near Revelstoke, B.C., has intersected 8.6 ft. grading 6.35% copper, 3.17% zinc, 0.60% lead, and 0.81% oz. silver per ton in hole 91M-12…
Drilling extends Yellowjacket
Drilling on the J&L property near Revelstoke, B.C., has extended the strike extent of the recently discovered Yellowjacket zone to at least 200 metres in length. The zone was discovered late last year…
Placer continues drilling at Talapoosa
Placer is earning a 51% interest in the property from Athena Gold (VSE) by making expenditures, payments and share purchases which could total US$39 million. The drilling program was designed to test …
Message from the Minister
As Minister of Energy, Mines and Resources, I am pleased to note that the minerals industry continued to make a significant contribution to the Canadian economy in 1990. Although a number of high-cost…
Base Metals: An overview of Canada’s major non-precious, (March 01, 1991)
Demand for nickel in the Western world increased in 1990 to an estimated record level of 680,000 tonnes (t), compared with 660,000 t in 1989. The increase was led by the stainless steel sector, partic…
Precious Metals: A review and outlook for gold, silver and (March 01, 1991)
The silver market performed poorly in 1990, as monthly average prices steadily declined because of a combination of soft investment demand and increased by-product output. The London silver price cont…