High grades from Gap zone
Ongoing drilling by Westmin Resources (TSE) is continuing to return high-grade results from the Gap zone discovery area on the Myra Falls mine property near Campbell River, B.C..T The latest hole, 15-…
News
Soocana split
Shareholders of Soocana Explorations (ASE) approved a 2-for-1-share split, the company says. Soocana is planning a rights offering, subject to regulatory approval, designed to raise finds for an explo…
Industrial minerals focus of conference (November 11, 1991)
If metals create the skeleton of an industrialized society, then non-metallic minerals form the flesh. Commonplace as they seem, industrial minerals enter practically every phase of life. They are the…
Preliminary Spectrum reserve estimate
A reserve estimate was released by Columbia Gold Mines (VSE) and Eurus Resource (VSE) for the Spectrum gold project in the north Iskut region of British Columbia. The project is operated by Columbia, …
Management at Brunswick launches cost-cutting effort
Management at Brunswick Mining and Smelting’s (TSE) No 12. mine is struggling to control costs in the aftermath of a 10-month strike that decimated the company’s balance sheet and knocked the wind out…
Earnings slip for Amax Gold (November 11, 1991)
A drop in gold output as well as an increase in production costs negatively affected the earnings of Amax Gold (NYSE) for the period ended Sept. 30. Earnings for the third quarter dropped to US$5.4 mi…
Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…
Breakwater suspends El Mochito mine
An escalating labor dispute has forced Breakwater Resources (TSE) to suspend operations at its El Mochito mine in Honduras and place the lead-zinc operation on a care-and-maintenance basis. The compan…
Metal prices pull price index down
Falling metal and mineral prices contributed to a decline in the commodity price index of Scotiabank in September of 0.7% from August. The all-items index is at its lowest level since May, 1987. Both …
Montreal Exchange (November 11, 1991)
Maintaining its trading momentum during the week ended Nov. 5 was Societe d’Exploration Miniere Vior, which announced plans to raise up to $500,000 through a private placement. The proceeds will be us…
Claude’s Seabee mine enters tune-up phase
Having brought its high-grade Seabee gold mine in Saskatchewan to the threshold of production, Claude Resources (TSE) expects to announce the first gold pour within the next couple of weeks. Only the …
Noront to drill promising projects
Although finding it difficult to raise money these days, “one way or another” Noront Resources (VSE) is determined to proceed with drilling on three of its better-looking projects, President Richard N…