PEOPLE SIMPLON RESOURCES
Jack Day appointed interim president succeeding A. Ying who resigned; Sheena Wilson appointed secretary and director.
News
Vancouver Stock Exchange Vera Cruz is big mover
A brightening in market sentiment ahead of the coming exploration season and an increase in corporate activity helped push the VSE composite index up 9.81 points to 577.04 while the resource index rem…
Prospects excellent for new mine development in B.C.
While British Columbia’s mining industry has seen some tough economic times in past years, there is still plenty of optimism regarding new mine development. Many companies are pushing forward with exp…
Smelter proposal based on custom facility on tidewater
Several small copper smelters operated in British Columbia during the early part of this century, but each died with the exhaustion of reserves of the nearby mines. During the growth of the province’s…
Strike ends at Brunswick as union accepts contract offer
The long strike at Brunswick Mining & Smelting’s (TSE) lead-zinc mine smelter operations in New Brunswick ended recently when employees voted to accept a new 43-month wage contract. Representatives of…
Montreal Exchange New Aur program
A new exploration program involving about 20,000 ft. of drilling and costing about $500,000 at three Louvicourt Twp. properties (in the Val d’Or, Que., area) of Consolidated Abitibi Resources was star…
Goldstream mine starts up
After a 7-year hiatus, the Goldstream polymetallic mine near Revelstoke, B.C., is back in production with a new operator. Equal partners Goldnev Resources (VSE) and Bethlehem Resources (VSE) recentl…
EDITORIAL PAGE Quebec’s faint support is welcome
If Quebec had announced its 1991-92 budget a few weeks ago, it would have been damned as irresponsibly extravagant. Finance Minister Gerard Levesque would be pilloried for projecting a deficit this ye…
Placer options Dellaterra claims
A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE). Under the terms of the agreement, Placer will pay Dellaterra $50,000…
Sikaman completes Bogosu sale
Sale of its interest in the Bogosu gold project in Ghana, Africa, has been completed, Sikaman Gold Resources (TSE) said. The Toronto-based company also announced the sale of two other property interes…
Premier example of new challenges facing B.C. mining
Operating in northern regions presents economic and environmental challenges to British Columbia’s mining industry. Companies are wrestling with the logistics of transportation and commodity movement,…
Commodity index rises slightly (May 13, 1991)
Metals and minerals prices levelled off after dropping for months and the all-commodity price index of Scotiabank rose slightly in March after five straight monthly drops. Both the metals and minerals…