News


NEWS IN BRIEF Quartz Mountain Gold

Shareholders of Quartz Mountain Gold (TSE) will vote Jan. 30 on a proposed 1-for-5-share consolidation. Should the consolidation be given the green light, regulatory approval will be required.


U.S. REPORT New filing rules

Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…



Newfoundland doubles tax on claims

Newfoundland has doubled its tax on mineral holdings to encourage exploration on land not being worked. Beginning this month, the province is charging groundholders an impost of $6 per hectare, up fro…


Irish organize PDAC get-together

Calling all Irish geologists and mining engineers! Mary-Claire Ward is looking for Irish exiles who would be interested in getting together with visiting members of the Geological Survey of Ireland at…


Newmont options Montana gold bet

A recent joint- venture agreement executed by a U.S. subsidiary of Mountain West Resources (VSE) will provide funds for continuing exploration of the Elkhorn gold project about 20 miles south of Helen…


EDITORIAL PAGE Matachewan under the microscope

The case of Matachewan Consolidated Mines is one that the mining industry in Ontario is going to be watching closely. How far the government goes in applying the Environmental Protection Act to Matach…


Gold goes over US$400 as Gulf war breaks out

Analysts who had predicted that the price of gold would stage a sharp rally after the Jan. 15 United Nations deadline for Iraq to withdraw from Kuwait proved to be right on the money. As stock markets…


Inco, Vior buy out Douay bet partner

The total price to buy the interest of Cambior (TSE) in the Douay gold exploration project in the Casa Berardi region of Quebec is $750,000 plus shares of the junior mining company involved in the ven…


Last half of 1990 a struggle for VSE

Trading activity in 1990 on the Vancouver Stock Exchange was up slightly from 1989 in a year of mixed activity which witnessed strong trading volumes and values during the first seven months and a ste…



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