Sikaman sells Bogosu interest
In order to pay down short-term debt, Sikaman Gold Resources (TSE) has accepted an offer from Billiton B.V. to sell its 14% interest in the Bogosu gold project in Ghana. Billiton, which already holds …
News
New exploration grants announced
The northern Ontario communities of Atikokan, Manitouwadge and the Beardmore-Geraldton-Longlac-Nakina area have been designated for assistance under the Ontario Mineral Incentives Program (OMIP), prov…
METAL PRICES FREE MARKET (February 25, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 19 Feb 18 Feb 15 Feb 14 Feb 13 Copper 1285-1290 1262-1263 1240-1242 1224-1226 12…
LETTERS TO THE EDITOR One spoke that started the Noranda wheel
I have read with interest the profiles of people who have been inducted into the Canadian Mining Hall of Fame (T.N.M., Jan. 14/91) since it started in 1989. There have been hundreds of people involved…
OBITUARY Marcel Konings
Marcel Konings, Holland-born geophysicist, died recently in a car accident in Zimbabwe. He was 39. Holder of a B.A.Sc. degree from the University of Toronto, Konings specialized in geological engineer…
Vancouver Stock Exchange Eurus and Thios results disappoint
Although the Vancouver Stock Exchange’s composite index remained virtually unchanged at the 524-level, the resource index did an about-face during the week ended Feb. 19, dropping 27.46 points to 557….
Surface drill results from SB
Assay results were released by Tenajon Resources (VSE) from a 13-hole surface drill program completed by Westmin Resources (TSE) on the Kansas and West Kansas zones at the SB property near Stewart, B….
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…
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 …