News in Brief (December 25, 1989)
Quartz Creek Gold Mines (B.C.) has changed its name to Pilot Peak Gold Inc. (VSE) on a 1-new-for-3-old-share basis. Transfer agent is Pacific Corporate Services Ltd.
News
VSM, Onitap deal
VSM Exploration (ME) has signed an option agreement with Onitap Resources (TSE) which gives VSM the right to earn a 50% interest in Onitap’s 118-claim property in Tonnancourt and Josselin twps., Que. …
Prefeasibility shows potential for Mel project
Operating costs at Breakwater Resources’ (TSE) Mel zinc property have been estimated at $18 per tonne for the open pit and $32 per tonne for the underground operations. The recently completed prefeasi…
Jan 1, 1990
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Toronto Stock Exchange Major indices advance on stable commodity
All the main mining indices firmed today, Dec 20, a trend which was reflected in the composite’s gain of 4.35 points to close at 3920.15 points. Both metals and minerals and gold and silver registered…
People (December 25, 1989)
ALBAN EXPLORATIONS — Robert Miller has joined the company as a management advisor.
Editorial Commercializing Christmas
As Christmas shoppers rush from store to store, who can fail to lament the commercialization of the holiday season? Somehow the spirit of giving has been lost since the Magi bore their gifts of franki…
Mono seeks funds for gold property
A $1.7-million exploration program has been recommended for Mono Gold Mines’ (VSE) Bannockburn gold project, in Madoc Twp., north of Belleville, Ont. The Vancouver-based company has been exploring the…
Geological Survey Minerals Colloquium set for Ottawa
The Geological Survey of Canada will hold its first Minerals Colloquium in Ottawa, Jan 17-18, at the Ottawa Congress Centre. The colloquium will immediately follow the GSC’s Forum 1990 (Jan 15-17) at …
Atlanta slate reinstated
The British Columbia Court of Appeal has overturned the decision rendered in July by the Supreme Court of British Columbia which gave control of Atlanta Gold (TSE) to U.S. Gold (NASDAQ). Consequently,…
Zinc demand, supply on rise in 1990
Global consumption of zinc is forecast to rise in 1990 as its supply, according to the International Lead and Zinc Study Group which recently staged its annual meeting in Austria. The organization’s p…
Professor preparing environmental report
Toronto-based Consolidated Professor Mines (TSE) hopes to complete an environmental assessment report sometime next year for its proposed Duport gold mining operation at Shoal Lake near Kenora, Ont. L…