City presses ERG over site agreement
The mayor of Timmins, Dennis Welin, is serving notice that the owners of the ERG Resources (TSE) tailings reclamation operation will have to live up to the terms of a site agreement. The 1987 agreemen…
News
Noranda, Major Genmeral cut strong gold zones in Nfld
Six recently completed drill holes on the Rendell-Jackman gold property in Newfoundland have yielded good results for partners Major General Resources (VSE) and Noranda (TSE). The holes were testing t…
Bond reports loss of US$26 million
Bond International Gold (TSE) reported a net loss of US$26.4 million, or US46 cents per share for the 6-month period ended Dec. 31. Toronto-based LAC Minerals (TSE) bought a 65% interest in BIG last N…
Soviet changes provide opportunities for mines
This is the first of a regular monthly column by George Miller, president of the Mining Association of Canada. I recently had the opportunity to visit Moscow and Leningrad to make a preliminary invest…
NO HEADLINE (February 19, 1990)
TEXT: The Committee for Professional Registration of Geoscientists in Ontario is holding an information exchange session March 15 at the Metro Toronto Convention Centre, in Room 205BD. Representative…
Athabaska resumes drilling at Nicholas Lake
The 1990 work program by Athabaska Gold Resources (VSE) has started on the Nicholas Lake gold property, 56 miles north of Yellowknife, N.W.T. As operator and 60% owner, Athabaska will be carrying out …
New Vista directors voted in at meeting
After rescuing the company from the brink of bankruptcy, Vista Mines’ (TSE) newly elected board of directors is attempting to put the affairs of the company back in order. The new 6-member board, incl…
Deception Lake drilling disappoints
A 10,000-ft. drill program by Northair Mines (TSE) is nearing completion on the Deception Lake lead-zinc-gold- silver prospect in northern Saskatchewan. Northair, which is earning a 51% interest in th…
Toronto Stock Exchange Indices (February 19, 1990)
Feb. 13Feb. 12Feb. 9Feb. 8Feb. 7HIGH LOW Composite “300”3751.863766.273777.783783.333779.234009.473707.00 Metals & Minerals2947.192933.482978.933000.083040.073453.052933.48 Integrated mines3062.123046…
Correction (February 19, 1990)
Contrary to an earlier report (T.N.M., Feb. 12/90), Uranerz of West Germany may earn a 75% interest in two underground blocks, Windy Gulch and Dawson Resource, of the Dawson gold property in Colorado …
Montreal Exchange Vior big trader
One hole does not make a mine, but the results of a single drill intersection in the Casa Berardi area of Quebec have created quite a stir. Project partners Inco, Cambior and Societe d’Exploration Min…
Insider Trading Bulletin Euro-Nevada boss sells on Carlin News
The well-known saying that lightning never strikes twice in the same place has obviously escaped the ears of Euro-Nevada Mining (TSE) President Pierre Lassonde. How else could one explain the company’…