Match program unsuccessful
Match Capital Resources (CDN) has called off exploration on its 26-claim property east of Dryden, Ont., after a recent program failed to come up with any significant base or precious metal deposits. T…
1991
Munk to gain millions from options
Peter Munk, the flamboyant chairman of Toronto-based gold miner American Barrick Resources (TSE), is set to earn a pretax profit of $36.6 million by exercising options on two million shares. Munk acqu…
Minnova’s patient approach put to work at Seneca project
It has often been said that a patient and persistent approach to exploration is necessary when exploring for polymetallic volcanogenic massive sulphides in the Canadian Cordillera. This appears to be …
Aurtec feasibility under way
A $500,000 feasibility study on the Bakoudou gold mining property in Gabon is progressing smoothly, reports Aurtec Mining Development (ME). The company hopes to bring the deposit, which contains a pre…
PDAC Perspectives (September 09, 1991)
Years ago, there was a popular saying, “Tough times don’t last, tough people do.” For the junior mining industry, we sure hope so, because 1991 is being a tough year. Due to adverse changes, little ne…
PEOPLE (September 09, 1991)
Brian Staples appointed director.
Meston gets extension for option on MSV’s Eastmain
A joint venture agreement between Campbell Resources’ (TSE) subsidiary Meston Lake Resources and MSV Resources (ME), scheduled to expire March 31, has been extended for an indefinite period of time. T…
Jordex looking at laterite nickel deposit in Venezuela
A Venezuelan company 50% owned by Jordex Resources (VSE) recently received the exploration and mining rights for the Loma de Hierro nickel deposit in Venezuela. Inco originally owned the concessions a…
Slate resource waits to be tapped
A geological consultant based in St. John’s, Nfld., says he has outlined a 350-million-tonne slate resource on his properties on Random Island, in the eastern part of the province. Using a conservativ…
Metal Prices (September 09, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 3 Sep 2 Aug 30 Aug 29 Aug 28 Copper 1353-1355 1358-1359 1356-1357 1345-1347 1356…
Selbaie celebrates 10th anniversary — BP has met challenges with
It has been a decade since Les Mines Selbaie in northwestern Quebec entered production and during those 10 years, the mining operation has milled more than 14 million tonnes of copper-zinc-gold-silver…
Falconbridge Gold earnings slip
Gold output and earnings during the first half of the year slipped for Falconbridge Gold (TSE), which has unveiled a new policy of selling forward. Production during the first six months of 1991 total…