Old tailings pond spills its banks
Heavy rains in mid-October caused an old tailings pond in northeastern Ontario belonging to Matachewan Consolidated Mines (TSE) to overflow and spill into the Montreal River, contaminating the water s…
News
COATS (Over-the-counter) Costigan soars
As share values moved to record lows last month, total trading volume jumped to 28.7 million, up 27% from September’s volume. “People are being forced out of the market as the shares weaken,” explaine…
Correction (November 12, 1990)
BMR Gold (ASE) says its America Mine project in California hosts preliminary reserves of 3.97 million tons grading 0.087 oz. gold per ton or about 346,000 oz. in situ. Incorrect figures were published…
Aurizon’s Beacon bet yields barren holes
No economic values were encountered in a recent 15,000-ft. drill program completed by Rio Algom (TSE) on the Beacon base metal property of Aurizon Mines (TSE) near Val d’Or, Que. The claims are about …
IOCC GOLD OPTIONS (November 12, 1990)
Options Open Series Volume Last Interest Nov. 380 C 432 7.00 1,092 Nov. 390 C 239 3.30 1,925 Nov. 400 C 359 1.80 2,833 Nov. 420 C 169 0.60 3,712 Nov. 430 C 183 0.60 3,801 Feb. 420 C 137 9.00 1,299 Feb…
Oil prices boost BP Canada’s income up in third quarter
The third-quarter income of BP Canada (TSE) got a boost from higher oil prices and the sale of its 30% stake in the Mt. Milligan copper-gold joint venture in British Columbia. BP’s net income for the …
Marshall to sell Brunswick zinc bet
Marshall Minerals (ASE) in Niagara Falls, Ont., has hung the “for sale” sign on its Restigouche lead-zinc-copper deposit in New Brunswick. Having already approached a number of potential buyers includ…
Anti-mining plans defeated in U.S.
Officials at Northgate Exploration (TSE) and MinVen Gold (TSE) breathed a sign of relief when anti-mining initiatives in California and South Dakota were defeated recently. In Nov. 6 state elections, …
Recent expand gold zone at Total Energold project
Recent drilling by Total Energold (TSE) on Northway Explorations’ (TSE) Noyon Twp. gold claims in northwestern Quebec has expanded the potential of the property’s RJ zone. Hole 102, which probed a wes…
Merrill to act as agent for Poco sale
Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced…
New group set to raise $1 m for Baslen exploration plan
A group of businessmen gathered in a downtown Toronto hotel room recently to discuss the future prospects for junior exploration company International Baslen Enterprises (ASE). The informal meeting wa…
U.S. REPORT Vinta returning consistent wide intersects at Illinois
The remaining holes from a 38-hole drilling program on the Illinois Creek project in the western interior of Alaska have returned wide intersections of gold-silver mineralization. The drilling program…