Tintana options Timmins gold bet
Toronto-based Tintana Mines (TSE) has signed an agreement with the G.S.W. Bruce grubstake to acquire a 100% interest in 77 gold claims owned by the latter in English and Zavitz twps., near Timmins, On…
News
U.S. REPORT Kennecott gets OK for Wisconsin mine
The Flambeau copper deposit in Rusk Cty., Wis., has finally been granted the production go-ahead by Wisconsin’s Department of Natural Resources. Flambeau Mining, a unit of Kennecott, hopes to be shipp…
Belmoral moves in on Magino and Magnacon gold assets
Juniors Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) may yet be saved from the jaws of bankruptcy by the Magnacon and Magino gold projects. Belmoral Mines (TSE), making progress on …
PEOPLE CORONET METALS (January 28, 1991)
Leslie Hart appointed chairman and director; Eva Kossuth appointed director.
Rush is on for Eagle River feasibility
A long-awaited feasibility study on the Eagle River gold deposit near Mishibishu Lake, Ont., should be ready by the end of the month, says Richard Nemis, president of Central Crude (TSE). The study wi…
OBITUARY John Drybrough
John Drybrough, noted mining engineer, died recently in Winnipeg, Man. He was 94. Born in Scotland, Drybrough immigrated with his family to Canada in 1908, and had lived in Winnipeg since 1928. He hel…
Toronto Stock Exchange Indices (January 28, 1991)
Jan. 22 Jan. 21 Jan. 18 Jan. 17 Jan. 16 HIGH LOW Composite “300”3196.75 3205.20 3210.46 3201.64 3164.49 4009.47 3009.91 Metals & Minerals2746.81 2790.31 2789.88 2757.13 2689.59 3453.06 2502.63 Integra…
Cominco options X-Cal’s Snowbird
After outlining a reserve of about 300,000 tons grading 0.21 oz. gold per ton and defining a number of other exploration targets, X-Cal Resources (TSE) optioned its Snowbird property near Fort St. Jam…
Alberta Stock Exchange Douay dispute resolved
Partners Golden Rule Resources and Northern Abitibi Mining have settled a legal dispute with Inco, Cambior and Vior over optioning of a gold property in Douay Twp., Que. Under a new agreement, Inco an…
Swedish exploration
Giant Swedish mining firm Boliden Minerals reported it plans to spend about $50 million during the next 4-6 years on grassroots exploration in the Skellefte area of Sweden. Boliden, part of the Trelle…
Trimin mails offer
As promised, Trimin Resources (TSE) announced a formal offer to buy up to 2.2 million of its common shares at a price of $2 per share. The buyback had been stalled by two securities commissions pendin…
Lower prices hurt Curragh earnings
Net earnings of $32 million for 1990 were reported by Curragh Resources (TSE), compared with a profit of $60.7 million for the previous year. The company said sales of lead and zinc concentrates incre…