Greenstone boosts grade
Final assays from a recent drill hole on Greenstone Resources’ (TSE) Santa Rosa gold project in Panama have produced a pleasant surprise for the company. After checking assays from hole 75, Greenstone…
1991
EDITORIAL PAGE A penny’s value
Inflation has just about whisked away the penny, if not physically then at least in terms of value. But don’t expect it to disappear quite yet; all of the new and different tax grabs (the goods and se…
IOCC GOLD OPTIONS (February 11, 1991)
Options Open Series Volume Last Interest Feb. 370 C 586 3.70 545 Feb. 380 C 1,367 1.70 2,301 Feb. 390 C 302 0.9 2,583 Feb. 400 C 863 0.50 3,476 May 380 C 244 11.50 707 May 390 C 324 8.60 515 May 400 C…
New Ontario legislation targets previous owners
As described recently in T.N.M., (Jan.21/91), the Ontario Ministry of the Environment (MOE) i i th proces o servin wor order t forme owner an operator o tailing pon nea Matachewan Ont Followin heav ra…
Faxed claims focaus of dispute
Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…
U.S. REPORT Mining industry in U.S. preparing to fight proposed
The U.S. mining industry “never before has faced as many challenges” as it does this year, according to the chairman of the American Mining Congress (AMC), Milton Ward, who also is president of Freepo…
Belmoral pulls purchase offer
Belmoral Mines (TSE) has withdrawn its offer to acquire working and ownership interests in the Magino and Magnacon gold projects, near Wawa, Ont. .TBelmoral says that current gold prices dissuaded the…
EDITORIAL PAGE Push button markets
What’s with the price of gold today? The Berlin Wall tumbles, the Soviet Union tries to turn a new page, oil jumps to US$40 per barrel (for a brief period, anyway) and war breaks out in the Persian Gu…
Correction (February 11, 1991)
Contrary to previous reports (T.N.M, Feb. 4/90), James Hunter’s legal action against Gold Bar Resources (COATS) has not been dismissed. Hunter’s application for an injunction against Gold Bar has been…
United Reef asked to clean up waste rock dumped 80 years ago
The Ontario Ministry of the Environment has asked United Reef Petroleums (TSE) to clean up a lake contaminated by mining waste rock over 80 years ago. Because United currently holds the lease on the l…
PROFILE Parduhn pioneers bacterial prospecting
In the late 1950s, the Soviets were the first to study the viability of using soil bacteria to locate ore. Since then others have followed suit. Nancy Parduhn, president of Cereus Exploration Technolo…
Montreal Exchange Freewest sparks rush
Judging by the improved volumes, investors have decided the time is right to play a more active role. For the week ended Feb. 5, daily trading volumes ranged between 6.1 million and 7.8 million shares…