Alberta Stock Exchange: Champion hits gold
A 15-hole drill program on the One Man Lake gold occurrence near Kenora, Ont., has returned some encouraging assays for Champion Bear Resources. Results show a series of gold-bearing zones ranging fro…
1991
Money-losing mine hits Metall earnings
Higher than expected operating and restructuring costs at the Copper Range mine in northern Michigan will reduce Metall Mining’s (TSE) 1990 income by about $7 million, the company estimates. Although …
Vancouver Stock Exchange: Rock & Roll bet biggest game
The Vancouver Stock Exchange composite and resource indices continued to push ahead over the period ended Feb. 12. The composite index added 13.10 points to finish at 524.59, while the resource index …
Minnova to test Goldboro after signing deal with Orex
Toronto-based Minnova (TSE) has signed a formal agreement, allowing it to disapprove the well-known myth that Nova Scotia can’t support a profitable gold mining operation. Under the agreement, Minnova…
LAC, Cambior discovery one mile east of Doyon
Equal partners LAC Minerals (TSE) and Cambior (TSE) recently discovered gold-bearing sulphide mineralization on claims east of the Doyon gold mine near Cadillac, Que. A surface drilling program operat…
Disposal solution enhances nuclear option
One of Canada’s greatest mineral treasures is its uranium reserves. There are other great uranium deposits around the world, but none rival the high grade and vast tonnage of those found in northern S…
Writedowns pound LAC, Bond
Consolidated earnings of US$20.3 million (17 cents per share) were reported by LAC Minerals (TSE) for 1990, but after a write-down of its mining interests and investments, the company reported a net l…
Odds ‘n’ Sods: War hero died prospecting in Red Lake area
Chistopher O’Kelly, who won the Victoria Cross at Passchendale in October, 1917, and the Military Cross at Vimy Ridge in April, 1917, became a prospector in 1922. He came to Red Lake, Ont., in October…
Santa Rosa on ‘fast track’ says operator Greenstone
To generate rapid cash flow, Greenstone Resources (TSE) is putting its 49% owned Santa Rosa gold project in Panama on the “fast track” to production, shareholders were told at the annual meeting. Sant…
Kemess drilling cuts wide values
Drilling on the South Kemess project continues to expand the area of mineralization with assays from all the holes in the recent winter program intersecting wide copper-gold values. The South Kemess p…
Loki reports reserves for Brewery Creek project
Results from an initial reserve study on the Brewery Creek project were released by Loki Gold (VSE), a juniopr holding an option to earn a 40% working interest in the Yukon gold project from a unit of…
COATS (over-the-counter): Windy raises funds
Bull market sentiment evident on the major exchanges failed to lift the over-the-counter market out of the doldrums in the week ended Feb. 12. Total weekly volume remained in the 5-million range as in…