Ego finishes program
A drill program has been completed by Ego Resources (TSE) on the company’s B-B Lake zinc prospect, 15 km north of MacLeod Bay, N.W.T. The final results from a 15-hole program include 12.66 ft grading …
News
Toronto Stock Exchange Volatility and fear take hold of markets
A bout of very scary trading has taken hold of the markets following the Friday the 13th crash which clipped almost 7% from the Dow Jones index in New York. In Toronto, the sell-off was followed by a …
Vancouver Stock Exchange Confidence restored after mini crash
The Vancouver Stock Exchange rebounded swiftly after the October, 1989, mini market crash that began ominously enough on Friday 13th as a broker’s worst recurring nightmare. But after sweating out the…
Airborne surveys in northern Ontario
Airborne geophysical surveys, which provide a cost-effective method of covering large, inaccessible areas, have started in northern Ontario. The Shining Tree, Batchawana, North Swazye/Montcalm Twp., S…
Pig market’ comes to an end
Down, up, way down, and all around. That about describes the roller-coaster ride the VSE Index took during the two- day run of the October, 1989, “mini market” crash. It began appropriately enough on …
Acquisitor seeking exploration funds
Financing is being sought for exploration of a base-metal deposit on the south part of the Dubuisson property near Val d’Or, Que., and to develop gold-reserve tonnage in the No 5 vein area, Acquisitor…
X-Cal hits low grade
Drilling by X-Cal Resources (TSE) on the company’s Snowbird gold project is indicating improved widths at depth, the company says. Near Fort St. James, B.C., the Snowbird property hosts several gold m…
U of T opens new centre for earth sciences research
The University of Toronto’s new $57-million Earth Sciences Centre, officially opened by Ontario Premier David Peterson Oct 16, will house one of the largest research facilities on the university’s cam…
Hycroft reports record gold production
Operating improvements at the Crofoot-Lewis open pit mining operations in Nevada have boosted quarterly gold production to a record high for Hycroft Resources & Development. Hycroft, a 59%-owned subsi…
Obituary – Viateur Audet
Viateur Audet, a well-known prospector from Val d’Or, Que., died Oct 2. He was 54. Born in St. Mathieu, Que., on Jan 9, 1935, Audet was a prospector for 40 years. He worked all across Canada but most …
Managing Canada’s Mines Service is what separates leaders from the
Intimately associated with Saskatchewan’s big and fascinating potash mining industry since 1964, W. H. Eatock knows it like a book. Now general manager of Allan Potash Mines, he joined that 0000,0600 …
Output improving at Magino mine
Operations at the Magino gold mine of McNellen Resources (TSE) and Muscocho Explorations (TSE) are slowly picking up, the companies report. The mine, situated in the Wawa area of northern Ontario, tur…