Gammon seeks a balance for Ontario
hile Ontario’s new Mining Act will come into force next year, regulations for the act are still being generated. Leader of the team responsible for the task is John Gammon, 49, director of the Mineral…
News
Ocean Drilling to take place off B.C.’s coast
The Ocean Drilling Committee (ODC), an international research body, plans to drill a base metal deposit off the coast of British Columbia next summer. The drilling plan was announced by Jake Epp, fede…
COATS(over-the-counter) Canquest active again
On the verge of issuing a new prospectus, Canquest Resource traded 289,500 shares, closing up 15 cents at 55 cents for the week ended May 15. Canquest President John Bissett says the company hopes to …
EDITORIAL Labor costs in S.A.
Gold miners in the world’s largest gold producing country, the Republic of South Africa, have always received a much lower wage than their counterparts in Canada. As bargaining gets under way this yea…
INSIDE Research in drilling could help industry
The National Research Council is involved in studies to refine devices used in testing drill bit performance and to optimize drill bit composition and drilling conditions. The results could prove to b…
PEOPLE YUMA GOLD MINES
Gordon Gutrath appointed a director succeeding J.L. Klingmann who resigned.
Lab a memorial to Dr. Duncan Derry
A new electron microprobe lab, built as a memorial to Dr. Duncan Derry (1906-87), opened recently at the University of Toronto. Derry, an Officer of the Order of Canada, was inducted into the Canadian…
INSIDE Core drilling used in geothermal work
Geothermal exploration has traditionally been done using large oil field equipment, but advances in equipment and techniques have given exploration companies an alternative method of drilling, in part…
Goldex likes broad widths of GE zone intersections
A $2-million underground exploration drive to determine the size, shape and grade of the Goldex Extension zone near Val d’Or, Que., is now well past the halfway stage. But even though partners Goldex …
BOOKS IN REVIEW Markets fare well in developing natins
Emerging Stock Markets Factbook 1990, fourth in an annual series, shows that the world’s best- performing markets last year were in developing countries. Turkey’s stock market, with a 300% gain in 198…
Ican in Colorado
Calgary-based Ican Minerals (TSE) has signed an agreement to earn a 50% interest in a gold property owned by Santa Fe Pacific Mining in Colorado. Known as the White Rock property, the claims host a po…
GOLDFUNDS2 (May 21, 1990)
MVP BGR Central Capital Net value $10.95 $5.79 $0.34 Price $9.50 $5.750 $0.20 Discount 13.24% 0.7% 41.2% Value $65,219,024 $96,739,725 N/A…