Dona Lake pact benefits natives
Native Indian employees at Placer Dome’s (TSE) Dona Lake gold mine in northeastern Ontario were recently granted significant guarantees under an initial collective agreement ordered by an arbitration …
News
Montreal Exchange (September 09, 1991)
Daily trading volumes were consistent and in the range of 3-4 million shares for the holiday-shortened week ended Sept. 3. The results were hardly anything to write home about, however. Both the marke…
New process for gold extraction
A new technique for processing mine tailings has been developed at the University of Queensland in Australia. According to Australia-based Gold Gazette, the extraction technique uses an ion-exchange p…
Rio’s Elliot Lake workers accept 3-year wage contract
Pensions were given top priority by unionized employees at Rio Algom’s (TSE) Elliot Lake, Ont., operations, who voted recently to accept a new 3-year wage contract. Roughly 74% of Rio Algom’s maintena…
Noranda options Jonpol property
Noranda Exploration, a unit of Noranda (TSE), has taken an option on a Mexican property held by Jonpol Explorations (TSE) and T & H Resources (TSE). The property, located in the state of Sonora, hosts…
Match program unsuccessful
Match Capital Resources (CDN) has called off exploration on its 26-claim property east of Dryden, Ont., after a recent program failed to come up with any significant base or precious metal deposits. T…
Munk to gain millions from options
Peter Munk, the flamboyant chairman of Toronto-based gold miner American Barrick Resources (TSE), is set to earn a pretax profit of $36.6 million by exercising options on two million shares. Munk acqu…
Minnova’s patient approach put to work at Seneca project
It has often been said that a patient and persistent approach to exploration is necessary when exploring for polymetallic volcanogenic massive sulphides in the Canadian Cordillera. This appears to be …
Aurtec feasibility under way
A $500,000 feasibility study on the Bakoudou gold mining property in Gabon is progressing smoothly, reports Aurtec Mining Development (ME). The company hopes to bring the deposit, which contains a pre…
PDAC Perspectives (September 09, 1991)
Years ago, there was a popular saying, “Tough times don’t last, tough people do.” For the junior mining industry, we sure hope so, because 1991 is being a tough year. Due to adverse changes, little ne…
PEOPLE (September 09, 1991)
Brian Staples appointed director.
Meston gets extension for option on MSV’s Eastmain
A joint venture agreement between Campbell Resources’ (TSE) subsidiary Meston Lake Resources and MSV Resources (ME), scheduled to expire March 31, has been extended for an indefinite period of time. T…