Oneida looking to increase reserves
Recent drilling on the Mexican Hat property by a unit of Placer Dome (TSE) encourages owner Oneida Resources (VSE) to predict reserves on the Arizona gold property will increase. Placer Dome is fundin…
News
Letters to the Editor O’Neil answers two challenges to Bill 71
In last week’s issue you printed a prominent paid advertisement criticising several aspects of Bill 71, the amendments to Ontario’s Mining Act. The nature of the criticism seems to ignore the close wo…
Acabit on ME
Newly listed on the Montreal Exchange is Exploration Acabit (symbol ACX), a Val d’Or, Que. -based company formed in late 1989 by the union of Exploration Vent d’Or and private firm Ressources Claverny…
COATS (over-the-counter) Fontana spurs activity
Encouraging results were reported from one drill hole on the Fontana project near Val D’Or, Que., including a 45-ft. intersection grading 0.48 oz. per ton. Recently, another hole was completed with si…
Toronto Stock Exchange Indices (March 19, 1990)
Mar. 13 Mar. 12 Mar. 9 Mar. 8 Mar. 7 HIGH LOW Composite “300” 3734.09 3740.22 3732.90 3752.00 3728.60 4009.47 3649.49 Metals & Minerals 3144.37 3152.64 3141.12 3156.00 3136.27 3453.05 2921.03 Integrat…
Metal snips Canadian nickel miners, refiners tour Cuba, USSR
A delegation of Canadian nickel producer-refiners is investigating new business in two other nickel- producing nations, Cuba and the Soviet Union. Representatives of Inco (TSE), Falconbridge (TSE) and…
Abcourt, Val d’Or in property deal
An option to purchase, for $1.5 million, the 50% interest of Mines Abcourt (ME) in the Bardome (Vendome) zinc property in Quebec’s Fiedmont and Barraute twps. has been granted Ressources Val d’Or (ME)…
Delegates enjoy PDAC convention events
An expected shakeout in the exploration business appeared to have little effect on the level of interest in this year’s Prospectors and Developers Association of Canada Convention in Toronto. More tha…
Miner;s 75th: Excellent
Your 75th special edition was excellent. I especially enjoyed reading the backgrounds and historical developments which are behind the major mining camps and companies of our country. I have always lo…
Noranda, Akiko proceed at Springpole property
Although three recently completed holes on the Springpole gold project, 70 miles east of Red Lake, Ont., failed to return any significant results for 50/50 partners Noranda (TSE) and Akiko-Lori Gold (…
Acadia wins Hecla’s Canadian interests
Having recently elected a new board of directors, Acadia Mineral Ventures (TSE) is entering into an agreement in principle with Hecla Mining (NYSE) whereby Hecla will transfer all of its interest in c…
Changes would increase dramatically fines for violating some
Ontario’s new Provincial Penalties Adjustment Act, now awaiting proclamation, will substantially increase fines for companies that contravene the Mining Act or a number of other provincial statutes. T…