Changes under way at Ontario Hydro
Plans under way to overhaul giant utility Ontario Hydro will not be a “one-shot change,” says Chairman Maurice Strong. Addressing a luncheon of the Toronto branch of the Canadian Institute of Mining, …
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PEOPLE — INTERACTION RESOURCES
Gordon Reid appointed director.
Drilling tests Stockade Mountain
Carlin Gold (ASE) has released results from seven reverse circulation holes drilled to test a structural zone on the Stockade Mountain project in eastern Oregon. The assay of the drill cuttings follow…
PEOPLE — WINDARRA MINERALS
John Pallot appointed director.
Casa Berardi earnings flow
The gold deposits of Quebec’s Casa Berardi district are still generating healthy profits for Golden Knight Resources (TSE). The company reported earnings of $1.1 million for the first quarter, a signi…
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
Francoeur’s a little mine with a big profit
er the past half-dozen years, Jean Guy Rivard has patiently built a little gold mining company. Its head office is not on Toronto’s Bay Street or Vancouver’s Howe Street. stead, Rivard and his company…
Former producer used for mining research
New life has been breathed into the old Beacon mine, a copper-gold producer, 16 km east of here, which operated between 1922 and 1933. These days, the property is the home of an experimental mine belo…
STOCK MARKETS — DHK sparkles as investors await WO drill
Despite a leveling of bullion at the US$353 level, Western markets continued their rapid ascent, with the Vancouver Stock Exchange composite index up over 34 points at 918.56 and the resource index ju…
Hemlo Gold’s Giant mine boosts quarterly output
Gold production increased by 9% to 132,700 oz. in the first quarter compared with the same period last year, Hemlo Gold Mines (TSE) reports. The company, in which Noranda (TSE) has a 45.6% interest, a…
Inco Alloys reducing staff
The alloys business unit of Inco (TSE) is being reorganized. The workforce of Inco Alloys International (IAI) is to be cut by about 340 people (about 12%) in 1993. In the U.S. and the U.K., IAI produc…
Push on to boost Izok Lake reserve
As the 1993 field season gets under way at Izok Lake in the Northwest Territories, a priority will be increasing the zinc-copper deposit’s reserve base, said Klaus Zeitler, president of Metall Mining …