Willingdon hits thin, rich zone at Kenora
A 2,216-ft. drilling program on Willingdon Resources’ (COATS) Sioux Narrows property near Kenora, Ont., has intersected the gold-bearing structure in all six holes. Results from the shallow, narrow zo…
News
Placer drops option on Sask. gold bets
Vancouver-based Placer Dome (TSE) has dropped an option to earn in on two gold properties near Claude Resources’ (TSE) Seabee property in Saskatchewan. Placer Dome will not be continuing an option on …
Good results at David/Lew
Drilling on the David/Lew project near Cranbrook, B.C., continues to return good gold values with the best hole, 90-43, intersecting 36 ft. grading 0.37 oz. gold per ton. The project is a 50-50 joint …
Industry seeks recruits from academia
As the head of a resource-based university department, I read with interest the report on Patrick MacCulloch’s “Student Night” speech at the Toronto branch of the Canadian Institute of Mining, Metallu…
TORONTO STOCK EXCHANGE INDICES (February 25, 1991)
Feb 19 Feb 18 Feb 15 Feb 14 Feb 13 HIGH LOW Composite”300″ 3530.94 3532.54 3506.55 3492.25 3519.24 4009.47 3009.91 Metals & Minerals3220.08 3224.35 3177.95 3166.28 3203.39 3453.06 2502.63 Integrated M…
Editorial Helping the USSR
The Soviet Union is going to need a lot of help from the West if it plans to continue the reform of its economy. There are, for example, a number of Canadian mining and consulting companies eager to l…
Results awaited from Gold Basin
Project operator Consolidated Rhodes Resources (VSE) has completed 12 reverse circulation drill holes on the Gold Basin gold property in Arizona. The company has an option to earn a 50% interest in th…
Bougainville mine may be reopened
Bougainville Copper, a unit of RTZ Corp (NYSE), reported a loss of A$19.8 million for the year ended Dec. 31, 1991, compared with a loss of A$30.1 in 1989. Operations at the company’s copper mine on B…
Sikaman sells Bogosu interest
In order to pay down short-term debt, Sikaman Gold Resources (TSE) has accepted an offer from Billiton B.V. to sell its 14% interest in the Bogosu gold project in Ghana. Billiton, which already holds …
PEOPLE CAL GRAPHITE
Gunter Thase appointed a director.
Hecla, CoCa approve merger plans
The boards of Hecla Mining (NYSE) and CoCa Mines (NASDAQ) unanimously approved a definitive merger agreement that will result in CoCa becoming a wholly owned subsidiary of Hecla. The companies hope to…
Madeleine faces environmental charges
Toronto-based Madeleine Mines (TSE) and company President J. Patrick Sheridan were recently charged with six counts of violating Ontario’s environment laws. The charges were laid February 14 following…