Gold an exception to declining reserve trend
Compared with 1981, Canada’s reserves of copper, nickel, zinc and silver in 1991 were down by about one-third. They dropped by almost 40% for lead and were off by 65% for molybdenum. Although reserves…
News
Cambior extends Giant program
The second phase of an undergrund exploration program at the Sleeping Giant gold project 40 miles north of Amos, Que., has been extended, Cambior (TSE), the operator, and Aurizon Mines (TSE) report. M…
Rio Algom increases stake in St. Philips with options
Pursuant to an agreement signed in early 1991, Rio Algom (TSE) recently purchased an additional 296,942 shares of St. Philips Resources (VSE). The purchase, comprised of 259,286 deferred options exerc…
NEWS ROUNDUP (March 30, 1992)
Rio Algom (TSE) has agreed to option Key Anacon Mines’ (TSE) base metal prospect in northern New Brunswick. Under the agreement, Rio must spend $10 million on exploration over five years in order to e…
Infrastructure biggest challenge for Izok Lake
A fleet of Siberian icebreakers could provide the key to economic development of the Izok Lake zinc-copper deposit, one of four projects that Metall Mining (TSE) expects to bring into production in th…
On the level (March 30, 1992)
CANADA PARDON — HIS EXCELLENCY THE GOVERNOR GENERAL IN COUNCIL, on the recommendation of the National Parole Board, is pleased hereby to grant to Viola Rita MacMillan, nee Viola Rita Huggard, a pardo…
Toronto Stock Exchange (March 30, 1992)
Aber Resources President Grenville Thomas and associates Christopher Jennings and Robert Gannicott set out during the week ended March 24 to prove that diamond exploration is more than just the flavor…
Industry job trend in decline
The employment decline in Canadian mineral industries which began in 1990 continued in 1991. Reductions brought direct employment in mining and primary metals to 138,343, down 5% from 1990 and the low…
Minnova to fund Pend Oreille
By spending $500,000 on exploration and development at the Pend Oreille lead-zinc project in Washington within the year, Minnova (TSE) will be granted the exclusive option to acquire Kerr Addison Mine…
RICHES TO RAGS: — Despite his remarkable gold find, Sam Napier
The two men stealthily filled the hole and pulled their crude plank table over the spot. Then they shuffled about on the tent’s earthen floor in an attempt to wipe out all evidence of their midnight e…
Goldbelt gets green light for projects in former USSR
Shareholders of Goldbelt Resources (VSE) recently ratified the company’s plans to develop mineral resources in two republics of the Commonwealth of Independent States (the former Soviet Union). Under …
Seniors counting on exploration
Senior North American gold producers churning out over one million oz. of gold per year must find or acquire the equivalent of one Eskay Creek property every two years in order to sustain reserves. By…