Premier opens MNDM building in Sudbury
Ontario Premier Bob Rae recently opened the new building in Sudbury that houses the head office of the Ministry of Northern Development and Mines and the Mining Health and Safety Branch of the Ministr…
News
Craftech, Revere deal
Craftech Manufacturing, a private company, has signed an option deal to earn a 50% interest in Revere Resources’ (VSE) Rice Lake gold property near the old San Antonio mine in Manitoba. The deal marks…
Mining courses at U of Nevada
A series of short courses on mining will be given at the University of Nevada, Reno, during the Spring of 1991. It is designed to provide information on some of the industry’s latest technological dev…
NEWS IN BRIEF Toltec Resources
Toltec Resources (VSE) recently completed a private placement of 150,000 units at 80 cents per unit. Each unit consists of one share and one warrant exercisable at 80 cents during the first year and 9…
MAC seeks tax deductions for mine reclamation contributions
The tax treatment of reclamation expenditures was the focus of mining industry addresses to the federal government in this year’s pre- budget consultations in Ottawa. In a submission to Finance Minist…
Cominco Resources may sell Chilean assets
London- based N.M. Rothschild & Sons and its Canadian affiliate have been retained by Cominco Resources International (TSE) to examine the potential for selling the company’s interests in several Chil…
Val d’Or confrence
The 10th underground operation conference will be held in Val d’Or, Que., Feb. 24-27. The theme is “safety, productivity and costs . . . sharing tricks of the trade.” Field trips will be included. Par…
Metal Prices FREE MARKET (December 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 11 December 10 December 7 December 6 December 5 Copper 1274-1276 1279-1280 …
U.S. REPORT Galactic, Cornucopia seek cash for overruns
Cost overruns and a shortfall in planned gold production from the Ivanhoe joint venture in Nevada have forced partners Galactic Resources (TSE) and Cornucopia Resources (TSE) to obtain an additional U…
IOCC GOLD OPTIONS (December 17, 1990)
Options Open Series Volume Last Interest Feb. 380 C 162 10.10 884 Feb. 390 C 344 8.50 1,310 Feb. 400 C 380 4.50 1,734 Feb. 410 C 116 3.60 1,382 Feb. 430 C 350 2.70 2,269 Feb. 450 C 300 1.50 843 May 43…
Adrian drilling successful on Eskay `gap’
Drilling on the TOK claim gap within the Ski project owned by Adrian Resources (VSE) continues to return excellent assays and the company is confident reserves will increase as a result. The claim gap…
Partners planning program at Skookum
Equal partners Noront Resources (VSE) and Blue Emerald Resources (VSE) are planning a second-phase program for their Skookum property, 3.4 miles from the Eskay Creek deposit in northwestern British Co…