THE CADILLAC OF THE ABITIBI BELT
The Cadillac mines are in the southern part of the Abitibi Greenstone Belt, one of the largest continuous units of the Superior Geologic Province. The belt extends for 760 km. over a width of 160 km. …
News
CALENDAR (October 01, 1991)
Nov. 4-5, Toronto, Ont. Workshop on Metallurgy and Materials Science in the 21st Century. Contact Dr. V.I. Lakshmanan, ORTECH International, (416) 822-4111, FAX (416) 822-9537. Nov 11-15, Ottawa, Ont….
Audrey wins loan extension with lenders
Polymetallic miner Audrey Resources (TSE) has reached an agreement with Elders Finance Inc. to extend to June 30, 1992, the final reimbursement of its long-term debt of US$12.1 million. The maturity d…
Metal Prices (September 30, 1991)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Redfern confirming Tulsequah model
A 6-hole infill drilling program at the Tulsequah Chief property in northwestern British Columbia is confirming projections made by a new geological model recently compiled by Cambria Data Services. R…
Sulphur abatement plans continue at Inco’s Sudbury area operations
Despite the announcement by Inco (TSE) that it will be reducing employment levels at its Sudbury district operations through voluntary early retirement incentives, the company’s sulphur abatement prog…
Trev increases Jamaican holdings
Calgary-based Trev (ASE), which is becoming increasingly active in the mineral exploration business, says it has expanded its Bellas Gate property in Jamaica to encompass more than 44 square miles. Th…
Montreal Exchange (September 30, 1991)
Daily trading volumes ranged between 3.8 million and 5.4 million shares and both the market portfolio and mining and minerals index took losses during the week ended Sept. 24. The market portfolio was…
NEWS IN BRIEF (September 30, 1991)
Marshall Minerals (ASE) announced a normal course issuer bid to acquire about 1.4 million of its outstanding shares through the open market to Sept. 15, 1992. The company has almost 27 million shares …
FINANCING (September 30, 1991)
Toscana Resources LtdCastlewood Metals and Explorations Ltd – 850,000 units consisting of 1 sh and 1 wt offered @ 50 cents per unit. Dasserat Developments Corp – 600,000 shs offered @ 50 cents per sh.
Canamin to drill Poplar property
A drilling program is expected to begin shortly on the Poplar property which was recently acquired by New Canamin Resources (VSE). The company can acquire a 100% interest in the property, about 45 mil…
Sa Dena Hes mine officially opened
The new Sa Dena Hes lead-zinc mine at Watson Lake, Yukon, was officially opened Sept. 24 by joint venture partners Curragh Resources (TSE) and Hillsborough Resources (TSE). The new mine, known formerl…