Westaurum to buy B.C. copper bets
Under a letter of intent with International Lornex, a private British Columbia company, Westaurum Industries (ASE) will acquire interests in several established copper deposits in northern British Col…
News
Alaskan fair
Keynote luncheon speakers at the 1991 Alaska Miners Association Annual Convention and Trade Fair scheduled for Nov. 4-8 at Anchorage, Alaska, will be Willie Hensley and John Rense of the NANA Regional…
Sigma contrasts
Without being old-fashioned, Placer Dome’s Sigma mine in Val d’Or, Que., retains the flavor of years gone by. Individual miners work in pairs or small groups, following veins of gold with should-hefte…
Gold Fields explores Forgold
Based on a recent option agreement, Gold Fields Canadian Mining will take over as operator of the Forgold property, 30 miles from the Eskay Creek deposit north of Stewart, B.C. Field work is now in pr…
Deak, Kennecott team up on exploration near Kerr mine
Deak Resources (TSE) and Kennecott Canada, a unit of Utah-based Kennecott Corp., are teaming up to explore areas of mutual interest to the east of Deak’s Kerr gold mine near Kirkland Lake, Ont. The co…
Aur, Louvem seek to minimize dilution building Louvicourt
Partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) expect the capital cost of developing their Louvicourt Twp. massive sulphide deposit east of Val d’Or, Que., to be well over $300 million….
PROFILE (September 23, 1991)
As most miners have shelved their exploration plans during this recession, Crown Resources remains steadfast in its search for gold. Rain or shine, field geologists, who hold stock options in the comp…
Montreal Exchange (September 23, 1991)
The mining and minerals index declined by more than 13 points and the market portfolio moved ahead by about a half-point during the week ended Sept. 17. Daily trading volumes were generally in the 4-m…
BP Canada plans sale of mining assets soon
Following in the footsteps of other oil and gas giants, BP Canada says it’s ready to sell its mining interests. “Selling the mining division reflects the realities faced by the natural resources indus…
Hedging program proves profitable for Royal Oak
Vancouver-based Royal Oak Mines (TSE) has collapsed its gold hedging program in order to pay down long-term debt. As of June 30, Royal Oak had hedged 100,000 oz. of gold at an average delivery date pr…
WAMIC `fiesta’ raises funds for bursaries, charity
Sunny weather and higher than normal attendance helped the Women’s Association of the Mining Industry of Canada raise funds for bursaries, scholarships and charities at its annual picnic Sept. 7. “It …
Noranda pulls good hole at Goz near Eskay Creek
Recent drilling by a unit of Noranda (TSE) on the Goz-RDN property returned a 38.05-ft. intersection grading 0.7 oz. gold per ton from 154.2-192.25 ft., plus minor values in silver, copper, lead and z…