News

Van Nest steers Landmark into merger with Gateford

Originally a mining exploration company, Calgary-based Gateford Resources (ASE) plans an amalgamation with closely associated Landmark Corp. (TSE). Under the aegis of Vancouver businessman Gary Van Ne…


Ontex, Placer talks continue

A letter of intent between Ontex Resources (ASE) and Placer Dome (TSE) to finance further exploration on the Brookbank gold property near Beardmore, Ont., has been extended indefinitely. Ontex Vice-Pr…


PROFILE (December 23, 1991)

At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…


Geoscientists view the world’s deepest drill hole

Geoscientists from around the globe caught a once-in-a-lifetime glimpse of the world’s deepest diamond drill hole when they visited the Kola project in the Soviet Union recently. The drill site, 40 km…



EARTH magazine focuses on planet

A new magazine aimed at promoting understanding of the Earth was recently launched by Kalmbach Publishing Co. of Wisconsin. Titled EARTH, the magazine focuses on the geology and evolution of the plane…


Victor faces challenge of deep mining

The announcement by Inco (TSE) of a major nickel-copper find at Victor in northern Ontario raises a couple of big questions. At 8,000-8,500 ft. below surface in the highly stressed rocks of the Sudbur…


NEWS ROUNDUP (December 09, 1991)

New Legends Metals is commencing exploration on a 295-claim property near Casa Berardi, Que., held by Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). New Legends plans to trace the full exte…


NovaGold buying Pine Cove option

Halifax company NovaGold Resources (TSE) has agreed to acquire International Corona’s (TSE) right to earn a 70% stake in the 2,850-hectare Pine Cove gold property in Newfoundland. Since signing an opt…


Westmin reports quarterly loss

A $10.7-million loss was reported by Westmin Resources (TSE) for its 1991 third quarter ended Sept. 30, a sizable increase over the $3.2-million loss reported for the comparable period a year earlier….



Vancouver Stock Exchange (December 09, 1991)

Both the resource and composite indices finished the week ended Dec. 3 higher. The resource index added more than eight points to close at 516.99, while the composite index finished at 566.35 for a ga…


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