Cameco drops Marlin option
After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…
News
Great Lakes Minerals keys on advanced-stage projects
One of the new juniors growing by leaps and bounds is Great Lakes Minerals (TSE). Listed last July, the company already has three promising copper properties in the Keweenaw Peninsula of northern Mich…
Major Gen. cuts high grade gold
A half-metre-long intersection cut 24 grams gold per tonne (0,7 oz. per ton) in hole McV-91-3 at the Linjog prospect on the McVean Lake claim block in the Pickle Lake area of northwestern Ontario, Maj…
Treminco reports loss
Financial results for Treminco Resources (TSE) for the first half of fiscal 1990 show a loss of $264,000, which is slightly less than the $265,000 loss experienced for the first six months of 1990. Th…
Asarco plans more drilling for Taseko
A 12,500-ft. drill program is scheduled to begin in late May on Westpine Metals’ (VSE) Taseko copper-gold property, 140 miles north of Vancouver, B.C. The property is reported to contain preliminary r…
Ontario Unlisted Strike drilling
Queenston and Strike Minerals have signed a formal joint venture agreement on the Robertson Twp. base metal property near Matachewan, Ont., giving Strike a 40% interest in the project. The partners ar…
Timmins prospector fighting to keep northern rail service
After years of searching through the fly-infested bushlands of northern Ontario for mineral deposits, Timmins prospector Don McKinnon is shifting his attention. McKinnon is launching an all out person…
NEWS IN BRIEF Goldcorp Investments (TSE), which has been buying
Minnova (TSE) boosted its interest in Laramide Resources (TSE) to 40.1% through the purchase, via a private placement, of an additional 825,238 shares. Minnova acquired the extra shares by spending mo…
Gulf puts Asamera back on the auction block
Even though the company was formally taken off the auction block in May of last year, Asamera Minerals (TSE) is once again being offered for sale by a unit of its parent company, Gulf Canada Resources…
Copper price forecasting difficult
The cash price of cash copper on the London Metal Exchange (LME) went from US$1.34 on Sept. 3, 1990, to US$1.53 Sept. 17, to US$1.26 on Oct. 1, and finally to US$1.07 on Jan. 30, 1991. Furthermore, LM…
LETTERS TO THE EDITOR Lifting diamond miners’ secrecy
Saskatchewan, as well as most of Canada, has the positive geological feature of being on the largest craton in the world, and relative to the Siberian and South African cratons, should contain hundred…
Theories of man and nature: a momentous battle?
What are the theories and philosophies that motivate the environmental movement, particularly its more radical fringe? Hugh Morgan, managing director of Western Mining, Australia, gave a few answers i…