Alberta Stock Exchange Kingswood big trader
As drill rigs are already up and running across the continent, after the Christmas break, it is hardly surprising that some of the junior mining issues were among the volume leaders. For the week ende…
News
Robinson litigation is settled
Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…
Placer Dome adopts shareholders rights plan
A “poison pill” shareholders’ rights plan has been adopted by the board of Placer Dome (TSE) to block possible hostile takeovers that do not treat all shareholders equally and fairly. Fraser Fell, cha…
Toronto Stock Exchange Fall below $400, weak gold prices spark
The deteriorating gold situation gained steam today, Jan. 3, as bullion prices collapsed below the critical US$400-mark to US$395 per oz. on the second London fix. After reaching a high of $418 just w…
Bonanza puts second drill on East Poirier base metal property
A second drill is being deployed by Rouyn-Noranda-based Bonanza Metals (ASE) on its East Poirier zinc property south of Joutel, Que. The 14-claim property is situated about one mile east of the past- …
Cyclical Nature
Given the cyclical nature of the mining industry, the high prices of metals experienced two years ago were not to last in 1989. And in most cases they didn’t. But what will 1990 bring? A random surv…
Second opinion on Eskay due soon
Shareholders of Calpine Resources (VSE) will soon have a second fairness opinion on the proposed merger between Calpine and Prime Resources (VSE). Calpine management retained Levesque Beaubien Geoffri…
FMC drops Excelsior
The option to enter a profit-sharing agreement on the Excelsior property owned by Steelhead Resources (VSE) has been dropped by FMC Gold (NYSE). The original 90-day option, subsequently extended by 60…
Nuinsco, Echo Bay suing each other over Cameron Lake
Toronto-based Nuinsco Resources (TSE) has launched a counter-suit against Echo Bay Mines (TSE) for breach of fiduciary duty involving the Cameron Lake gold property in northwestern Ontario. Echo Bay, …