Miners fight Newfoundland parks
Newfoundland’s mining industry is beginning to look askance at the province’s drive to protect more Crown land from mineral and other forms of economic development. The industry is afraid the provinc…
News
Platinova, RTZ team in Greenland
A joint venture agreement has been signed with a subsidiary of RTZ of London covering the exploration and possible development of four mineral licence areas in Greenland, Platinova Resources (TSE) rep…
Kalahari cuts good grades at La Currita
Drilling on the La Currita property near Chihuahua, Mexico, is returning good gold-silver intersections over wide widths. The La Currita property is leased to Kalahari Resources (VSE) which has the r…
TSE Short Positions (July 15, 1991)
Semi-monthly reports as of Jun 15, showed 24,245,977 shares of 564 issues compared with 22,603,148 shares of 583 issues on May 31. Larger individual positions included: Amer. Barrick 228,112; Aur Res….
Output up, costs down at Canada’s top gold mines – Macassa now in
Cumulative gold production from Canada’s 12 largest gold mines jumped almost 8% to 2.7 million oz. in 1990. Once again, Ontario’s Hemlo area gold mines took the spotlight, churning out over 1.3 mill…
FINANCING (July 15, 1991)
Pegasus Gold Inc. – 3,000,000 com shs and 1,000,000 wts to purch com sh in units offered @ $15.50 per unit. Teck Corporation – 4,300,000 units consisting of 1 Cl B subordinate voting sh and 1/2 wt o…
$1-million drilling program under way at Polaris-Taku
Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To d…
METAL PRICES FUTURES PRICES (July 15, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 101.00 100.20 100.90 – 2.30 Aug 100.90 100.60 100.80 – 2.65 Sep …
Trout Lake hole gives ore grades over 106 metres
Ongoing exploration at the Trout Lake copper-zinc mine near Flin Flon, Man., continues to intersect polymetallic mineralization below the 560-metre level, the lowest level in the mine. Testing the dow…
New zone at Santa Rosa
Partners Greenstone Resources (TSE) and Boliden International Mining of Sweden have reported a “new area of surface gold mineralization” at their Santa Rosa heap leach project in Panama. Owned 49% by …
Industrial mineral continues to profit for Teck, Cambior
Fifteen years after it first went into production, Niobec, the only underground niobium mine in the world and the only mine of its kind in North America, continues to turn out at a relatively low cost…
Cross Lake adds claims NEWS IN BRIEF
Associated companies Cross Lake Minerals (VSE) and TransBorder Energy (VSE) recently added claims held north of Prince George, B.C., to additional claims held by an outside party to form a 50-50 joint…