LETTERS TO THE EDITOR (November 18, 1991)
Your story “Gays River mine, mill up for sale” (T.N.M., Nov. 4/91) quotes a minable reserve for the Westminer Canada project of 570,000 tons grading 8.4% zinc and 5.1% lead. This tonnage was the minab…
News
On the Level (November 18, 1991)
“Thought you might be interested in this,” writes my sister from Thunder Bay, Ont., enclosing a copy of North Magazine, a weekly Lakehead publication. Indeed I was, for the cover story is the rags-to-…
McDonald boosts Noramco stake
A recent rights offering generated proceeds of $682,583 for Noramco Mining (TSE) to be used for general operating and corporate purposes. A total of 2.27 million units were subscribed for, which inclu…
Minnova’s cost control effort pays off with better earnings
Toronto-based Minnova’s (TSE) concerted effort to compensate for lower metal prices and higher smelting charges by keeping operating costs down has clearly been successful. While revenues in the three…
Galleon explores copper-zinc project
The first stage of an exploration program by Galleon Gold (VSE) is now under way on the Big Andy copper-zinc project at the head of Bute Inlet, 135 miles northwest of Vancouver. The program follows an…
Study aims to clarify cyanide use
Canada’s 54 primary gold producers use about 23,000 tons of cyanide a year. There is emphasis on the word “about” as selling the chemical is a highly competitive business and suppliers are loathe to d…
TRUE GRIT: Skiers delay garnet mine startup
If all goes according to plan, Polestar Exploration (VSE) and Hawkeye Developments (VSE) expect to have Canada’s only garnet mining and processing facility in production by the fourth quarter of 1992….
Montreal Exchange (November 18, 1991)
Benefiting from a buying mood by investors, the ME recorded a 43.4-point gain in its market portfolio and a 54.6-point gain in its mining and minerals index during the week ended Nov. 12. Daily tradin…
Willingdon and Sandy K negotiate merger terms
Willingdon Resources (CDN) has reached an agreement in principle to merge with Sandy K mines, a private company. Sandy K’s main asset is a high-grade silver and cobalt property in the Gowganda area of…
Former LAC officers plan share offering, TSE listing
Toronto-based Tri Origin Exploration, a private company with mineral properties in Ontario and Australia, plans to make a share offering of $1.5-2.25 million in preparation for listing on The Toronto …
INSIDER TRADING (November 18, 1991)
Vancouver resource giant Cominco (TSE) recently upped its stake in the Windy Craggy copper-cobalt deposit in northwestern British Columbia by converting Geddes Resources (TSE) warrants into shares. Ac…
Hemlo, Glimmer resume drilling on Beatty-Hislop
After a 5-month hiatus, Noranda Exploration has resumed drilling on the Beatty-Hislop gold property near Matheson, Ont., a 60-40 joint venture between Hemlo Gold Mines (TSE) and Glimmer Resources (VSE…