Engineer lauded by nuclear group
The man who designed and implemented a new technique for uranium tailings disposal has been recognized by the Canadian Nuclear Society. Wing Tao, president of PVS Technologies, was named winner of the…
News
Funding available for uranium review
Funding will be available to help the public participate in a joint federal-provincial review of uranium mine developments in northern Saskatchewan. The governments will grant a total of $350,000 to a…
EDITORIAL PAGE (October 07, 1991)
“It is very fashionable today for investment people to call themselves contrarian. . . . It is our opinion that the term `contrarian’ is presently overused and misunderstood. While we might fancy ours…
Kaiser poised to control Madeleine
Oaklahoma-based Kaiser-Francis Oil recently boosted its stake in Madeleine Mines (TSE) to 32%, fuelling speculation that Chairman George Kaiser is about to succeed Patrick Sheridan as president of Mad…
Proposed assessment rate alarms Ontario gold mines
Recently the Ontario Gold Mines Compensation Committee met with the Workers’ Compensation Board (WCB) in Toronto to review proposed assessment rate increases for 1992. While WCB is proposing a 2.9% in…
Montreal Exchange (October 07, 1991)
While most senior gold miners lost ground during the week ended Oct. 1, Cambior (TSE) picked up 38 cents to close at $9.38 on moderate volume. Two major banks have agreed to underwrite a 330,000-oz. g…
Madeleine Mines plans to raise $5 million for treatment centre
Trading in Madeleine Mines (TSE) was halted recently after the company said it is planning to raise $5 million for the development of a treatment facility designed to produce copper and nickel by elec…
NEWS IN BRIEF (October 07, 1991)
Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.
Spot prices at a glance (October 07, 1991)
Week’s Price (US) Change Gold* $354.40 + $2.00 Silver* $ 4.22 – $0.02 Platinum* $351.25 – $6.25 Nickel** $ 3.44 … Lead** $ 0.24 … Copper $ 1.06 … Zinc $ 0.45 – $0.01 Courtesy of Scotiabank. Info…
Construction set to start this spring at Stronsay project
The British Columbia government recently approved a mine development certificate for the Stronsay project, a zinc-lead deposit about 240 km northwest of Fort St. John. Formerly known as Cirque, the St…
Golden Ring looks to Jamaica
A recent property deal with Trev (ASE) gives Golden Ring Resources (VSE), a junior in the Prime Equities group, a new focus in central Jamaica. Golden Ring can acquire a 100% interest in the 43-sq.-mi…
Rock & Roll drilling resumes
Partners Eurus Resource (VSE) and Thios Resources (VSE) have mobilized a drill rig to test several targets on their Rock & Roll property in northwestern British Columbia. Drilling on the property earl…