Noranda options Camreco property
A letter of agreement has been entered into between Camreco (TSE) and Noranda Exploration, a unit of Noranda (TSE), whereby the latter may earn a 50% interest in the Goldlund gold property in northwes…
News
New gold showing near Seabee mine site
Exploration in the vicinity of the Seabee mine site in northern Saskatchewan has uncovered a promising new gold showing, say partners Claude Resources (TSE) and Manchester Resources. While prospecting…
Downturn prompts downsizing at prominent consulting firm
A general downturn in the mining industry which is affecting producers and junior companies alike is being felt on the consulting side. The well known firm of Derry, Michener, Booth & Wahl, a partners…
Vancouver Stock Exchange Chase, Grizzly buck trend
The Vancouver Stock Exchange continued its progression of record lows over the week ended Dec. 11. The Composite Index settled with an 8-year record low close of 505.84 before rebounding somewhat to f…
Old mine eyed as garbage dump
An abandoned open pit iron ore mine at Kirkland Lake, Ont., may see life again as a garbage dump. Pending provincial approval and a successful environmental-assessment hearing, Metropolitan Toronto pl…
Alberta Stock Exchange Biron Bay steady
Despite a lacklustre gold market, Biron Bay Resources managed to hold on to its recent price gains by closing at $1 on volume of 64,500 shares in the week ended Dec. 11. The company is bullish on the …
U.S. REPORT Initial results from Fort Knox bulk sample
Preliminary assay results were released by Fairbanks Gold (VSE) from a 45,000- ton bulk sample mined at its 51% owned Fort Knox gold property near Fairbanks, Alaska. The company said the preliminary, …
PRODUCER PRICES (December 17, 1990)
ALUMINUM: MW U.S. Market US69.25- 71.25 cents per lb. (Dec. 6, 1990). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Reserves updated at Marshall bet
Marshall Minerals (ASE) recently released final ore reserve calculations from a gold project in the Ivory Coast of West Africa. After completing a 1990 work program that included 18 drill holes, Marsh…
Integrated unit sale
Edmonton-based Integrated Resources says it raised $339,560 from a unit offering which closed last month. Each unit consisted of 2,000 shares comprising 1,600 flow-through shares and 400 common shares…
U.S.REPORT Best grades yet at Great Lakes project
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
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…