BMR Correction
Gold contained in reserves at the American Mine property owned by BMR Gold (ASE) total 135,000 oz. Incorrect figures were reported in a previous story on BMR (T.N.M., Dec. 11/89).
News
Editorial Fruits of research
One of the problems of corporate-sponsored research and development has always been doubts about sponsors’ ability to reap the benefits of their investment. It’s difficult to expect corporations to ki…
Sudbury seminar on high tech in mining
A seminar on Canadian high-tech application in mining will be held Feb. 21, in Sudbury, Ont. It is co-sponsored by Datem Ltd., the Centre in Mining and Mineral Exploration Research, and Mining Industr…
Ministry of Natural Resources
The Ministry of Natural Resources, Ontario Basic Mapping (OBM) Section, is expanding its program of mapping in the province. These maps are being used for real property records, land and resources man…
Editorial Lower rates
The Bank of Canada’s efforts to ward off inflation are understandable, but it is doubtful whether doing so at the expense of exporting industries such as mining is a good trade-off. Excessive zeal in …
Toronto Stock Exchange Indices (January 22, 1990)
1989 Jan. 16Jan. 15Jan. 12Jan. 11Jan. 10HIGH LOW Composite 300 3899.983894.013881.843941.703941.564009.473881.84 Metals & Minerals3220.743242.033261.013340.483325.173453.053220.74 Integrated mines3…
Reserves double at Black Hawk’s Minago nickel
Drilling by Black Hawk Mining (TSE) has more than doubled reserves at the company’s 100% owned Minago nickel project in Manitoba. The 17-hole, 27,000-ft program has increased reserves from four millio…
St. Genevieve reports financial performance (January 22, 1990)
St. Genevieve Resources (TSE) has reported net income of $1.3 million or 7 cents per share for the nine months ended Sept. 30, 1989, compared with a loss of $2.8 million or 20 cents per share for th…
SOQUEM, Equity regional’ find
A gold-bearing structure consisting of quartz-tourmaline-pyrite mineralization has been outlined on the Olga Lake property of SOQUEM and Equity Silver Mines (TSE), about 40 km east of Matagami, Que. S…
Canamax, Belmoral settle out-of-court over Ketza River
An out-of-court settlement has been reached between Canamax Resources (TSE) and Belmoral Mines (TSE) over Belmoral’s decision last year not to purchase Canamax’s half-interest in the Ketza River gold …
Gold Vessel likes cash flow, promised by Arizona gold bet
Gold Vessel Resources (ASE) recently agreed to invest up to $1.5 million in an old Arizona mining property in the hope that it will generate some quick cash flow while yielding as yet undiscovered gol…
Louvem asks for injunction to stop Aur drilling plan
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have applied to a Quebec court for a provisional injunction to halt surface exploration at the Louvicourt Twp. massive sul…