COATS Mint moves on find
A new gold discovery has created some excitement in Benoit Twp., Que., not far from VSM’s Grevet base metal property. Quick to capitalize on the find, which returned 53.3 ft. grading 0.18 oz. gold per…
News
Toronto Stock Exchange Freewest hits new high as market pauses
As investors waited for an announcement on whether the Middle East war will end before the vital ground battle gets underway, share prices continued to drift higher during the week ended Feb. 19. A de…
Editorial Political risk in North America
Regulatory requirements that are unclear, difficult to interpret and constantly changing are a form of political risk that is choking off investment in North America’s mineral resources. Political ris…
Magnacon gold mine failure means lower Hemlo earnings
Writedowns totalling $17.4 million tarnished an otherwise sterling earnings record at Hemlo Gold Mines (TSE). The company reported net income of $23.6 million (27 cents per share) for the year ended D…
Second drill rig working Freewest’s Benoit showing
A second drill rig has been mobilized by Freewest Resources (TSE) into the company’s 100% owned Lac Pusticamica property in Benoit Twp., Que., where a significant gold discovery was made earlier this …
Marshall ups stake in Eden Roc to 75%
Marshall Minerals (ASE) recently increased its stake in Eden Roc Minerals by exercising options to acquire an additional 5.92 million Eden Roc (TSE) common shares for an aggregate consideration of $1….
Dia Met signs deal with Uranerz
A recent agreement with Dia Met Minerals (VSE) will allow Uranerz Exploration and Mining to participate in a diamond exploration program owned 100% by Dia Met within a specific but undisclosed area of…
Corona looks at possibility of mining Nfld. gold bets
When it comes to putting gold deposits into production, five are sometimes better than one. At least that’s the theory that Corona (TSE) senior geologist John Thompson is working with as he attempts t…
Queenston and Strike cut four sulphide zones
The fifth hole of a 5-hole program at the Robertson base metal property near Matachewan, Ont., has intersected four zones of banded, disseminated to semi-massive sulphide mineralization, including a 1…
FUTURES PRICES (February 25, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 113.20 110.80 110.80 — 0.20 Mar 112.70 109.70 110.05 + 0.05 Apr 108.50 108.50 108.20 — 0.20 SILVER (in US c…
Agnico completes 61 holes at Eagle West gold discovery
More than 31,000 ft. of surface drilling in 61 holes have been completed by Agnico-Eagle Mines (TSE) at its Eagle West zone showing in northwestern Quebec, the gold-silver producer reports. Original d…
Defer Eagle River production, feasibility study recommends
Toronto-based Central Crude (TSE) is working on an alternate mining plan for the Eagle River gold project following a recommendation from joint venture partner Hemlo Gold Mines (TSE) that production a…