Inco, Vior buy out Douay bet partner
The total price to buy the interest of Cambior (TSE) in the Douay gold exploration project in the Casa Berardi region of Quebec is $750,000 plus shares of the junior mining company involved in the ven…
News
Last half of 1990 a struggle for VSE
Trading activity in 1990 on the Vancouver Stock Exchange was up slightly from 1989 in a year of mixed activity which witnessed strong trading volumes and values during the first seven months and a ste…
TSE tries to curb buybacks
The Toronto Stock Exchange has asked companies not to announce stock buybacks if they do not intend to purchase any of their own shares. The request was made as part of an attempt by the TSE to reduce…
Athabaska now waits for Chevron to sell Nicholas Lake stake
Vancouver-based Athabaska Gold Resources (TSE) says it has been unable to raise the financing needed to buy partner Chevron Minerals’ 40% stake in the Nicholas Lake gold project north of Yellowknife, …
METAL PRICES FREE MARKET (January 21, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 15 Jan 14 Jan 11 Jan 10 Jan 9 Copper 1272-1273 1291-1292 1310-1311 1314-1316 131…
U.S. REPORT Canyon cuts deal with Kennecott
In a deal potentially worth US$35 million, Canyon Resources (NASDAQ) recently granted Kennecott Corp. the right to earn a 51% interest in the Briggs property located in the Panamint Range of Californi…
Nahanni drilling
Toronto-based Nahanni Mines (TSE) says ground geophysical surveys were completed last month on its South Pipestone gold prospect about 50 km northeast of Timmins, Ont. The survey work identified three…
Silver Standard moves into Mexico on basis of new laws
Taking advantage of recent changes in Mexican mining law, Silver Standard Resources (VSE) has acquired an option to purchase the Mexican owner of the La Choya gold property in northern Sonora, Mexico….
RFC begins program on Pend Oreille
With new management in place, RFC Finance (TSE) recently began a 20,000-ft. underground drilling program on its Pend Oreille property in northern Washington state. RFC is 44% owned by Kerr Addison Min…
LETTERS TO THE EDITOR They killed the moose that finds gold
The moose with the habit of selective browsing over gold-bearing bedrock, as described by Hugh Coulson in his letter (T.N.M., Dec. 31/90), is a captivating example of the unexplainable. The picture sh…
LAC still seeks pay dirt on Queenston’s ground
LAC (TSE) recently intersected low-grade gold mineralization across narrow widths while drifting on the 4,750 ft. level beneath Queenston Mining’s (TSE) Kirkland Lake West claims near Kirkland Lake, O…
Ontario to establish Elliot Lake office for mineral development
As part of a plan to bring facilities and staff to areas of greatest public need, the Ontario Ministry of Northern Development and Mines is opening a new minerals development office in Elliot Lake, On…