LETTERS TO THE EDITOR Manitoba strategy
On the one hand, it is heartening to hear that the Filmon government is developing a sustainable development strategy for Manitoba’s mineral resources. On the other hand, it is disheartening to hear t…
News
U.S. REPORT MinVen acquires balance of Stibnite
With the purchase of the other 50% interest in the Stibnite heap leach gold mine from Pegasus Gold Mines (TSE), MinVen Gold (TSE) now controls 100% of the open pit operation. Pegasus recently acquire…
U.S. REPORT LAC starts drill program on Blue Moon project
A first-stage, US$1 million exploration program is now in progress at the Blue Moon project in Mariposa Cty., Calif. LAC Minerals (TSE) recently finalized an option agreement with property owner, Co…
Assays confirm significance of Westmin drilling
While one exciting drill hole does not an orebody make, it was enough to take the sting off disappointing 1991 first-quarter financial results released by Westmin Resources (TSE) at its annual meeting…
Plexus reports quarterly loss
Gold producer Plexus Resources (TSE) reported a net loss of US$506,000 in the 1991 first quarter because of adverse weather conditions and the installation of a new conveyor at the joint venture Dento…
Crude will take Eagle River to production `with or without’ Hemlo
The Eagle River gold deposit in the Mishibishu Lake area of northern Ontario will enter production “with or without” the help of 60% owner Hemlo Gold Mines (TSE), says Richard Nemis, president of Cent…
NEWS IN BRIEF (May 20, 1991)
Storimin Exploration (ASE) said it is planning surface work, and possibly a drilling program, this summer at its recently acquired base metal property in Robertson Twp. in northeastern Ontario, adjace…
FINANCING (May 20, 1991)
Goodgold Resources Ltd. — 1,000,000 units consisting of 1 sh and 2 wts offered @ 40 cents per unit. International Impala Resources Ltd. — 650,000 non-flow through units consisting of 1 non-flow th…
Timmins Nickel, Dumont in deal
An agreement has been entered into by Timmins Nickel (TSE) and Dumont Nickel (ME) whereby Timmins will spend up to $5 million to acquire a majority interest in, and act as operator of, the Dumont nick…
Additional funding for Armeno project
Additional funding in the amount of US$1.45 million will be provided by Nissho Iwai Corp. of Japan to go toward the preproduction development costs and working capital of the San Bartolome mine projec…
U.S. REPORT Ridgeway produces 30% less
Gold production at the Ridgeway open pit mine in South Carolina fell by about 30% to 30,843 oz. during the 1991 first quarter from production levels a year earlier. Galactic Resources (TSE), which ho…
EDITORIAL PAGE Good news, bad news
The good news is that the federal government and the Saskatchewan government have agreed on a method to streamline the environmental assessment process for uranium mines. In the world of environmenta…