Echo Bay boosts quarterly earnings
A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…
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Canchrome boosts project tonnage
A new reserve figure has been calculated by Canchrome Mines (ME) for its Reed-Belanger chromite property 10 km south of Thetford Mines, Que. The new figure, 5.5 million tonnes grading 6.63% Cr2O3, is …
Tanqueray strikes deal with Westmin
Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…
Tenajon acquires Bend gold vein
A 10-hole drill program was recently completed on the Bend vein, a gold exploration target near Stewart, B.C. The vein is located within claims owned by the Summit joint venture held equally by Tenajo…
Prototype trial of mini-drill proves successful at Sigma
The Centre de Recherche Industrielle du Quebec, in co-operation with Atlas Copco, has developed a mini-drill that is innovative in several respects. Designed to meet the requirements of Sigma mine of …
Suntac drilling ups reserves
Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest …
Gold shrugs off Moscow crisis, brief rally stalls
Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…
Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
New Mexican option for Chutine
As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…
Alberta Stock Exchange (August 19, 1991)
Active in the Kirkland Lake, Ont., and Matagami, Que., areas, Kingswood Explorations traded a hefty 814,400 shares for the week ended Aug. 13, slipping a penny to 20 cents. The company’s gold property…
Plane crash claims Hanson, Larche injured
Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…
Falconbridge Gold pursues Canamax assets
Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …