Wheaton to drill Chieftain Hill
Having just completed its first public offering, Wheaton River Minerals (TSE) is getting ready to explore its 104-sq.-km property near Whitehorse, Yukon. Deep drilling is scheduled to commence immedia…
1991
Minnova, Rea go underground at Samatosum
Underground mine development is scheduled to begin shortly at the Samatosum mine near Adams Lake, B.C. The mine is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE) which also holds a 5% net …
Noranda earnings in decline
Lower metal prices contributed to a drop in the second-quarter and 6-month earnings of Noranda (TSE)). The resources giant announced net earnings for the six months ended June 30 of $33 million (two c…
TSE Short Positions (August 05, 1991)
Semi-monthly reports as of July 15, showed 22,733,628 shares of 571 issues compared with 22,630,379 shares of 543 issues on June 30. Larger individual positions included: Amer. Barrick 335,062, up 106…
Denison reports $1.1-million loss during second quarter
The red ink continues to flow at Denison Mines (TSE) as the uranium miner wrestles with debt and negotiates with key lenders to its Petromarine Italia subsidiary. Toronto-based Denison reported a loss…
Cheni slips into red
A drop in head grades at the Lawyers mine in north-central British Columbia pushed first-half results into the red for mine owner, Cheni Gold Mines (TSE). The company reported a loss of $1.7 million f…
50 YEARS AGO (August 02, 1991)
PAYMASTER MAKING STEADY ADVANCE Paymaster Consolidated has closed another fiscal year with a record output of bullion and unimpaired ore reserves. Visiting the property, in South Porcupine, Ont. this …
CROSS-CUTS
B.C. CLAIM-STAKING ON THE RISE In spite of a general lull in mine exploration across the country, claim-staking has not abated in British Columbia. According to Energy, Mines and Petroleum Resources, …
Stranded
A most curious thing happened to me the other day. I was walking along the Lake Ontario shoreline when a bottle with a note inside caught my attention. The contents of the note, I believe, are rather …
SUPPLIERS’ NOTES (August 02, 1991)
Weatherhaven Resources, manufacturers of air-transportable camp installations and shelters, has entered into an agency agreement with Carson Pratt Services of Papua New Guinea to provide local sales a…
CANMET’S R&D MANDATE
The Canada Centre for Mineral and Energy Technology (CANMET) is heavily involved in research and development of products and processes that reduce pollution in its many forms. The agency, a sector of …
THE FAIRVIEW FLOW: A gold mine in Eastern Transvaal represents a
The names Pilgrim’s Rest, Barberton and Murchison Range ring down through South African mining history in the same way as do Kirkland Lake and Cadillac in Canada. These were the first significant gold…