Alberta Stock Exchange (December 02, 1991)
Once again, Goldhunter Explorations topped the weekly trading list as the company announced an option agreement on its 8-unit property near Shining Tree, Ont. VSE-listed Commonwealth Gold has the righ…
News
Unlisted Trading (December 02, 1991)
Creeping up 10 cents to 85 cents on thin volume during the week ended Nov. 26, Holcorp Mines says it has purchased a 100% interest in the MacArthur property in Lyon Cty., Nev., for US$1.9 million. Hol…
Noranda unit seeks partners for plant
Development of a potential hydroelectric site and primary aluminum reduction plant in southern Chile is planned by Noranda Aluminum, a unit of Noranda (TSE), and Proyectos de Aysen SA of Santiago. The…
EDITORIAL PAGE (December 02, 1991)
Have some spare time on your hands? Need a little extra cash? Well, we’ve got a project for you. It’s called “bash the uranium mining business” and it’s all paid with taxpayers’ money. The Federal Env…
Vancouver Stock Exchange (December 02, 1991)
Trading activity was relatively flat during the week ended Nov. 26, with the resource index posting a 1.3-point loss to 508.17 and the composite index gaining 5.2 points to close at 561.55. The recent…
LAC offering shares at $9.25
An offering worth almost $105.9 million is being planned by LAC Minerals (TSE). The gold producer said it intends to offer 11 million common shares at $9.25 per share throughout Canada. An underwritin…
Muscocho negotiates loan with Ontario government
The Ontario government is offering its support to the Magino gold mine near Wawa, Ont., by lending cash-strapped partners Muscocho Explorations (TSE) and McNellen Resources (TSE) $1 million. Under a t…
A SURVIVOR AND THEN SOME: Macassa is the lone mine in Kirkland
On May 23, 1990, the three millionth ounce of gold from the Macassa mine was poured. Macassa, owned and operated by LAC Minerals Ltd., is located on the outskirts of the town of Kirkland Lake, in Teck…
MINE EXPLORATION
The El Indio complex has reserves that will last for at least another 10 years. At the 3700 level, the deepest mine access, the San Paulo drift is being extended to confirm mineralization and to set u…
PEAK PERFORMER
At the rarefied elevation of 4,000 metres above sea level, you learn to adjust physiologically. You regularly take extra gulps of air to compensate for that occasional, uncomfortable breathless feelin…
RESERVING A FUTURE: LAC has instituted a systematic, three-pronged
LAC’s exploration efforts are divided into three informal components. Two are already functioning and a third only recently was initiated. The first such component has a worldwide mandate for “pure ex…
LAC MINES THE AMERICAS
Modern-day LAC Minerals rests on four pillars — the Doyon mine (featured in the Fall Issue of The Northern Miner Magazine), the Bousquet complex, Bullfrog in Nevada and the El Indio complex in the wi…