Deloro mine site slated for cleanup
The Deloro gold mine site north of Belleville, Ont., is expected to receive immediate attention under a federal-provincial agreement to clean up toxic dumps in Ontario. Over the next five years, the g…
News
Prime to build Iskut Valley road
The British Columbia government will provide financial assistance to Prime Resources Group (VSE) to build the 38-km portion of the Iskut Valley road west from Highway 37 to the Volcano Creek junction….
Copper combates zebra mussels
According to a recent report in Canadian Copper, a study is under way at the University of Toronto to evaluate the effectiveness of using copper and copper alloys to prevent the adhesion of zebra muss…
Pilot plant next step for Peat
If Peat Resources (CDN) is successful in securing private sector financing, the company will construct a $4.5-million pilot plant to produce tonnage-scale quantities of peat fuel. Peat President Leon …
Potash Corp. profit up
The first-quarter profit of Potash Corp. of Saskatchewan is expected to be in the range of $11-13 million, up from $3.6 million in the year-earlier period, said Chairman Charles Childers. Childers rec…
IOCC GOLD OPTIONS (April 22, 1991)
Options Open Series Volume Last Interest May 360 C 20 10.50 55 Aug.380 C 10 8.60 96 May 360 P 30 4.50 150 The New York closing gold price was $361.40 per oz. Last quotations for gold options traded in…
Good fortune has smiled on Campbell
With the good fortune that seems to attend most things the Campbell gold mine of Placer Dome in northwestern Ontario does, the shaft collared in October, 1946, turned out to be within a few feet of th…
Nor-Acme mine to close
Toronto-based TVX Gold (TSE) has recently advised High River Gold Mines (TSE) that it intends to shut down the Nor-Acme gold project at Snow Lake, Man., effective June 1. TVX has the option to earn a …
Hydro’s plans worry Ontario consumers
Industrial electric power users in Ontario are worried that provincial government policy could result in serious power shortages or onerously expensive electricity by the mid-1990s. Speaking to a rece…
U.S. REPORT Win-Eldrich extends option
Win-Eldrich Mines (TSE) has extended its option to Billiton Minerals for the purchase of its Ashdown gold property in Nevada to July 4, 1991. Billiton, a unit of Shell Oil, previously paid US$200,000 …
U.S. REPORT Newmont working to reduce debt
The controlling shareholder of Newmont Gold (NYSE), the largest gold producer in North America, reports making progress in its efforts to reduce its debt load. In its 1990 annual report, Newmont Minin…
Phelps Dodge options B.C. porphyry
A recent letter of agreement will allow a Canadian unit of Phelps Dodge (NYSE) to earn a 100% interest in 108 units held by World Wide Minerals (VSE) near Princeton, B.C. World Wide Minerals’ land pac…