Noranda moves into South America
Noranda Minerals has redirected its exploration activities — and backed it up with millions of dollars — by establishing offices in Chile and Mexico. “We felt we needed a stronger commitment geograp…
News
OBITUARY Jack Davis
Jack Davis died at his West Vancouver home recently. He was 74. Davis had been British Columbia’s Minister of Energy, Mines and Petroleum Resources since 1986. Davis was born in Kamloops, B.C., and gr…
U.S. REPORT Kettle River boosts Crown’s 1990 earnings
With its first gold mine in production for just under a year, Crown Resources (VSE) managed to report earnings of US$953,000 for the year ended Dec. 31. Echo Bay Mines (TSE), operator and 70% owner of…
Alberta Stock Exchange Bitech on rise
As the price of gold bullion moved up to US$363 per oz. in the week ended April 9, shares of Bitech also rose to a high of 10 cents after the company said it has found a private backer to finance addi…
U.S. REPORT Galatic, Cornucopia agree on new share exchange ration
Following lengthy negotiations, Galactic Resources (TSE) and Cornucopia Resources (TSE) have agreed to a new share ratio for a merger proposal made last year. The new ratio will give Cornucopia shareh…
U.S. REPORT Coeur d’Alene looks far afield
During the past decade, Coeur d’Alene Mines (NYSE) has taken on a number of new projects that have enabled the company to grow as a gold producer. The company has been and still is one of the largest …
Where would you rather have your gold mine?
Where would you rather have your gold mine? The U.S. or Canada? Exploration potential, cost of exploration and development, and generally shareholder reward continue to favor the U.S. over Canada. A c…
Vancouver Stock Exchange Goldbelt plans exploration work
The VSE resource and composite indices remained little changed over the week ended April 9. The resource index posted a 4-point drop to 570.34 while the composite index remained virtually unchanged at…
High interest rates, low prices make 1990 `a disappointing year”
Any way you look at it, the year 1990 will not be remembered fondly by many Canadian mining companies that have seen their profits plunge in the wake of falling metal prices, high interest rates and r…
WAMIC plans fiesta day
The Women’s Association of the Mining Industry of Canada (WAMIC) will present its “South of the Border Fiesta” at Sheehan’s farm at Caledon East (northeast of Toronto) on Sept. 7 between 11 a.m. and 6…
Samatosum drilling extends new zone
Underground drilling at the Samatosum mine near Kamloops, B.C., has extended the strike length of the new zone of mineralization to about 50 metres in total. The Samatosum mine is owned 70% by Minnova…
BP,Lysander to resume drilling on Cat property
A work program operated by BP Resources Canada (TSE) will begin next month to test a sulphide system with associated copper, gold and arsenic defined on the Cat property last year. The property is nor…