Windy extends copper zone by 400 metres
A summer drill program on the MacLeod Lake property north of Chibougamau, Que., has extended the strike length of the known zone of copper mineralization by 400 metres. Drilling to the east and west o…
News
Higher costs clip FMC Gold earnings
Despite increased production and higher gold prices, FMC Gold’s (NYSE) third- quarter net income of US$10.9 million was slightly lower than the US$11.6 million reported in the 1989 third quarter. Sale…
Toronto Stock Exchange Indices (November 05, 1990)
Oct.30 Oct.29 Oct.26 Oct.25 Oct.24 HIGH LOW Composite “300” 3083.89 3083.35 3086.50 3129.85 3122.53 4009.47 3009.91 Metals & Minerals 2635.14 2635.71 2627.98 2689.60 2710.10 3453.06 2587.95 Integrated…
Adrian drilling Pumphouse Lake zone
Recent drilling by Adrian Resources (VSE) on the Ski property in the Eskay Creek area of northern British Columbia is showing some potential for an expansion of existing reserves within the TOK claim …
Toronto Stock Exchange Noranda, Inco issues suffer as gold recovers
As Iraqi President Saddam Hussein promised to prepare his troops for an attack in the Persian Gulf, North American investors were also positioning themselves for the possibility of war. During the wee…
Curragh’s earnings buffeted by strong dollar, lower zinc price
A strong dollar and lower zinc prices contributed to a 33% drop in third-quarter earnings for lead-zinc producer Curragh Resources (TSE). Net income was $13.7 million (45 cents per share) compared wit…
Hemlo mines’ profit improves but Teck’s earnings decline
Increased gold production from two Ontario gold mines enabled Teck (TSE) to report a new record in operating profit from mining activities during its third quarter ended Sept. 30. Operating profit fro…
Executive shuffle at Noranda Minerals
Keith Hendrick will step down from his position as president and chief executive officer of Noranda Minerals as part of a recently announced executive shuffle. Alex Balogh, 58, has been chosen to succ…
Zone 97 drilling excites VSM, Serem
Two drills are working at zone 97 of the Grevet zinc project southeast of Matagami, Que., where VSM Exploration and its project partner, French-controlled Serem Quebec, are hoping to add significantly…
Montrose drill cuts weak gold zones
A 3-hole drill program on Montrose Gold Resources’ (COATS) property near Matachewan, Ont., has intersected some weak gold mineralization. The first hole returned the highest gold values including an a…
Athabaska to purchase Chevron’s interest in Nicholas Lake project
Based on the results of a recently completed prefeasibility study at the Nicholas Lake gold project north of Yellowknife, N.W.T., Athabaska Gold Resources (TSE) plans to buy Chevron Minerals’ 40% stak…
NEWS IN BRIEF Fairbanks Gold Ltd.
Fairbanks Gold Ltd. (FX:VSE) has had a change in financial advisers to Yorkton Securities Inc.