Wheaton acquires Skukum project
Toronto-based Wheaton River Minerals (TSE) says it intends to start a feasibility study at the Skukum Creek gold and silver property near Whitehorse, Y.T., after acquiring the project from Omni Resour…
News
Drilling starts at Prime project
Drilling commenced recently at the Eisler Lake, Sask., gold property optioned by Calgary-based partners Leeward Capital (VSE) and American Ore (ASE) from Prime Resources (VSE). Leeward says it is plan…
Montanore adit reaches 11,330 ft.
A 15,000 ft. adit being driven into the core of the Montanore deposit from outside of Montana’s Cabinet Mountains wilderness area has reached 11,330 ft. The project is a 45-55 joint venture between Ja…
Correction (September 16, 1991)
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …
New owners for BLM Mines
The controlling shareholder of United Keno Hill Mines (TSE), BLM Mines, has acquired new owners. Romith Investments and Stephen Powell have each acquired, directly or indirectly, 50% of the issued and…
Vancouver Stock Exchange (September 16, 1991)
Market indices turned downward during the week ended Sept. 10; the resource index closed at 550.54 for a loss of 7.50 points and the composite index slipped by less than a point to close at 566.83. Ta…
EDITORIAL PAGE (September 16, 1991)
This country can’t afford the labor dispute its army of public servants have thrust upon it, the largest strike in our history. But even less can it afford to do other than support the government’s ef…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Inco shelves some Sudbury plans to cut output
Following a summer decline in nickel prices, Inco (TSE) says it will cut back on production, reducing Canadian output for the balance of 1991 by about 10 million lb. Inco, which produces its own nicke…
N.W.T. exploration continues to wane
Exploration expenditures in the Northwest Territories are expected to decline by about 13% in 1991, following a 31% drop last year. Based on the results of a telephone survey of companies working in t…
Thunderwood, Greenstone extend zone at Scott Lake
Scott Lake project partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have increased the extent of copper-zinc mineralization at the property near Chibougamau, Que. Results from a 28,…
Vior, Mazarin in property deal with Cameco
A joint-venture agreement has been signed by Societe d’Exploration Miniere Vior (ME) and Societe d’Exploration Miniere Mazarin (ME) with Cameco (TSE) which will allow Cameco to earn a 60% interest in …