MSV, Meston combine for Eastmain financing
A joint venture agreement aimed at aquiring the financing required to place the Eastmain gold deposit in northern Quebec near James Bay into production has been signed by MSV Resources (ME) and Meston…
News
CDN to nurture COATS: Letters to the Editor
Regarding your editorial “The wasted potential of COATS” (T.N.M., Jan. 28/91), we at the Toronto Stock Exchange would like to present our perspective on the issue. The Canadian Dealer Network (CDN), t…
28 holes completed at Rock & Roll
VANCOUVER Based on observations from drilling, partners Thios Resources (VSE) and Eurus Resource (VSE) are reporting a general increase in sulphide content within the Black Dog horizon as drilling pro…
Newfoundland amends Act: Letters to the Editor
The article “Newfoundland doubles tax on claims” (T.N.M., Jan.21/91), particularly the headline, gave an unclear and incorrect impression of the purpose and effect of recent amendments to the Mineral …
Alberta Stock Exchange: Champion hits gold
A 15-hole drill program on the One Man Lake gold occurrence near Kenora, Ont., has returned some encouraging assays for Champion Bear Resources. Results show a series of gold-bearing zones ranging fro…
Money-losing mine hits Metall earnings
Higher than expected operating and restructuring costs at the Copper Range mine in northern Michigan will reduce Metall Mining’s (TSE) 1990 income by about $7 million, the company estimates. Although …
PEOPLE (February 18, 1991)
MINEREX RESOURCES — Wayne Lenton appointed chairman of the board; John Devitt appointed president and director. ENERGY RESOURCES CONSERVATION BOARD — Frank Mink and Philip Prince appointed vice-chai…
Vancouver Stock Exchange: Rock & Roll bet biggest game
The Vancouver Stock Exchange composite and resource indices continued to push ahead over the period ended Feb. 12. The composite index added 13.10 points to finish at 524.59, while the resource index …
Minnova to test Goldboro after signing deal with Orex
Toronto-based Minnova (TSE) has signed a formal agreement, allowing it to disapprove the well-known myth that Nova Scotia can’t support a profitable gold mining operation. Under the agreement, Minnova…
LAC, Cambior discovery one mile east of Doyon
Equal partners LAC Minerals (TSE) and Cambior (TSE) recently discovered gold-bearing sulphide mineralization on claims east of the Doyon gold mine near Cadillac, Que. A surface drilling program operat…
Disposal solution enhances nuclear option
One of Canada’s greatest mineral treasures is its uranium reserves. There are other great uranium deposits around the world, but none rival the high grade and vast tonnage of those found in northern S…
Writedowns pound LAC, Bond
Consolidated earnings of US$20.3 million (17 cents per share) were reported by LAC Minerals (TSE) for 1990, but after a write-down of its mining interests and investments, the company reported a net l…