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…
1991
Letters to the editor Solution to Canada’s economic malaise
There are probably as many beefs about government spending as there are Canadians (T.N.M., Jan. 21/91). One could point to the continual waste by CIDA and most recently the $14 million spent on the Ya…
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…
U.S. REPORT Bunker Hill ceases operations
After filing for protection under Chapter 11 of the U.S. bankruptcy code, Bunker Hill Mining (TSE) has ceased operations at its underground zinc-lead-silver mine near Kellogg, Idaho. The company laid …
EDITORIAL PAGE Major firms filling financing void
Major mining companies are quietly taking on a stronger presence in the Canadian mineral industry these days. While this might seem a novel state of affairs for junior companies that began life in the…
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…
Goldbelt drilling two Glen Auden bets
Drilling started this month on two gold properties under option to Goldbelt Mines (VSE) from Glen Auden Resources (TSE) in northern Ontario. The first property, comprising 219 claims, is in Moody Twp….
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…
New plays featured at Cordilleran Roundup
Just under 2,000 delegates attended the 8th annual Cordilleran Geology and Exploration Roundup held recently in Vancouver, B.C., to hear news of the latest discoveries and exchange informationon finan…
Tougher times ahead for metals markets
It wasn’t the best of years in 1990 for metals prices, but it wasn’t the worst, either. After the heady times of the late 1980s, precious and base metals began feeling the effects of a softening econo…
Placer Dome interests extend to Papua New Guinea
Although Placer Dome (TSE) recently made two major North American acquisitions that promise to greatly increase its future gold production — the Mount Milligan property and a 45% interest in Stikine …