1991


Echo Bay boosts quarterly earnings

A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…


Canchrome boosts project tonnage

A new reserve figure has been calculated by Canchrome Mines (ME) for its Reed-Belanger chromite property 10 km south of Thetford Mines, Que. The new figure, 5.5 million tonnes grading 6.63% Cr2O3, is …


Tanqueray strikes deal with Westmin

Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…


Tenajon acquires Bend gold vein

A 10-hole drill program was recently completed on the Bend vein, a gold exploration target near Stewart, B.C. The vein is located within claims owned by the Summit joint venture held equally by Tenajo…



Suntac drilling ups reserves

Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest …


Gold shrugs off Moscow crisis, brief rally stalls

Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…


Plane crash claims Hanson, Larche injured

Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…


Falconbridge Gold pursues Canamax assets

Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …


Pan East extends debenture term

In order to extend the term of its loan, Pan East Resources (ASE) will amend its Series 1989 debentures. Currently payable on demand, the debentures will become payable on Aug. 31, 1992. As well, the …


New SOQUEM president named

The mineral exploration arm of the Quebec government, Societe quebecoise d’exploration miniere (SOQUEM), has a new chief. Yves Harvey, 41, was recently nominated by the Quebec cabinet as president and…


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