Governments, companies opt for commuter mines
Nobody wants wilderness mining towns anymore. Workers prefer flying or driving on weekly or biweekly rotations from southern centres to wilderness mines. Mining companies are glad to be rid of the cos…
News
Hol-Lac placement
Hol-Lac Gold Mines (CDN) completed a $150,000 private placement involving 750,000 shares at 20 cents per share and a similar number of warrants exercisable at 20 cents per share to Aug. 27, 1994. Subs…
Beaufield, Aur set to drill
Drilling on the Mainstreet project in Louvicourt Twp. in northwestern Quebec will commence Sept. 3, property owner Beaufield Resources (TSE) announced. Project operator is Aur Resources (TSE), which h…
Alberta Stock Exchange (September 02, 1991)
Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molyb…
Spot prices at a glance (September 02, 1991)
Week’s Price (US) Change Gold* $355.30 – $ 0.90 Silver* $ 3.95 + $ 0.02 Platinum*$339.90 – $ 5.60 Nickel**$ 3.56 – $ 0.16 Lead** $ 0.24 $ 0.00 Copper $ 1.03 + $ 0.03 Zinc $ 0.46 – $ 0.01 Courtesy of S…
Madsen Gold plans study of old Red Lake mine
Bringing the former Madsen gold mine near Red Lake, Ont., back into production after a 15-year absence could be a long and costly process, says James Morlock, president of Toronto-based Madsen Gold (T…
TORONTO STOCK EXCHANGE INDICES (September 02, 1991)
Aug 27 Aug 26 Aug 23 Aug 22 Aug 21 High Low Composite “300” 3517.74 3532.00 3532.06 3517.15 3512.03 4009.47 3009.91 Metals & Minerals3111.10 3127.48 3121.18 3042.39 3037.50 3453.06 2502.63 Integrated …
U.S. REPORT (September 02, 1991)
Ongoing delineation drilling and engineering by USMX (NASDAQ) is reported to have nearly doubled minable gold reserves at the Yankee project, 65 miles northwest of Ely, Nev. With proven minable reserv…
Four projects account for half of Yukon exploration spending
About $14 million is being spent on mineral exploration in the Yukon this season, according to a mid-season forecast by the Yukon Chamber of Mines. “It’s another very quiet year,” said Rob McIntyre, t…
Grant money to aid research
Almost half of the $2 million in research grants awarded for 1991-92 under the Research Agreements Program of Energy, Mines and Resources Canada (EMR) is earmarked for projects related to mining and m…
Native hiring policies fall short of original goals
For some time now provincial governments and Ottawa have encouraged mining companies to adopt pro-native, pro-northern resident hiring practices. Companies, anxious to win support from local residents…
NEWS IN BRIEF (September 02, 1991)
Ojibway Resources Ltd. (OJB:ME) has changed its name to Consolidated Ojibway Resources Ltd. (COJ:ME) with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Central Gua…