Ontario’s new Act sparks concern for survival
Under discussion for years, amendments to Ontario’s Mining Act known as Bill 71 were passed by the legislature Dec. 6, 1990, and became effective June 3 this year. Some of the changes it calls for wer…
News
Lenora considers Mexico for potential exploration work
With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …
U.S. REPORT Bull Run sitting on cash
With about US$5.6 million in cash and no debt, Bull Run Gold Mines (NASDAQ) is searching for investment opportunities in the resource field. The company sold its 40% interest in the Big Springs gold m…
PDAC Perspectives Quebec takes steps to help juniors, prospectors
Over the past few months, the Quebec government has announced various measures to soften the blow for junior mining companies and prospectors in the province and to help sustain them through economic …
Akiko negotiating joint venture
If all goes as planned, Akiko-Lori Gold Resources (VSE) and three associated companies expect to announce shortly the formation of a Canadian joint venture with Gold Fields Canadian Mining. Akiko-Lori…
Santa Rosa may start in early ’92
A 10,500-metre (34,450-ft.) drilling program recently completed at the Santa Rosa project has confirmed previous owner Freeport McMoRan’s work. Now jointly owned by Greenstone Resources (TSE) and Boli…
U.S. REPORT Inco approves funds for Ester Dome
An American unit of Inco (TSE) has approved a US$1.15-million budget for ongoing work on the Ester Dome property owned by Silverado Mines (VSE). The property is near Fairbanks, Alaska. Inco has alrea…
Inco workers accept contract
Employees at Inco’s (TSE) Sudbury, Ont., nickel operations recently voted to accept a new 3-year wage contract which provides for a wage increase, including cost of living allowances and nickel price …
U.S. REPORT Noranda extends zone at New World
Recent drilling by a unit of Noranda (TSE) on the New World property in Montana encountered gold-silver-copper mineralization in the Homestake Breccia deposit at deeper levels than encountered by prev…
Program planned for GNC claims (June 10, 1991)
A major exploration program will be carried out this season on the GNC claims which surround the Eskay Creek project north of Stewart, B.C. The program will be operated by Corona (TSE) on behalf of Pr…
Toronto Stock Exchange Madeleine issue rides drop in price of
The week ended June 4 contained both good and bad news for Pat Sheridan, the controversial mining executive who is battling with regulatory authorities to bring the Lac des Iles platinum project into …
TORONTO STOCK EXCHANGE INDICES (June 10, 1991)
June 4 June 3 May 31 May 30 May 29 HIGH LOW Composite “300” 3549.59 3554.92 3546.10 3519.45 3498.40 4009.47 3009.91 Metals & Minerals 3216.41 3229.34 3190.37 3081.30 3073.99 3453.06 2…