New Kelore senior management resign
As part of the recent resignations at RFC Resource Finance (TSE), New Kelore Mines (TSE) has also lost its chairman, president and two directors. Chairman Carl Ashenhurst and President Douglas Nichols…
News
Alban, Noranda plan drill sites at Mitzi
As Noranda (TSE) completes an additional IP survey over the Mitzi gold-copper property, 19 km west of the Mount Milligan project in central British Columbia, joint venture partner Alban Explorations (…
Drilling commenced on Lakewater
Drilling has commenced on the Lakewater property located five kilometres southwest of the Eskay Creek deposit in northwestern British Columbia. The Lakewater property is equally owned by Akiko-Lori Go…
Goldteck drills Chile placer bet
A drilling program is under way on Goldteck Mines’ (TSE) placer concessions in southern Chile where two rigs have completed 50 holes in this year’s US$250,000 program. Goldteck says its initial effort…
COATS (over-the-counter) Manor makes waves
Newly formed Manor Resources burst on to the exchange this week, taking the volume lead with over 200,000 shares. Opening at $1, Manor picked up 18 cents during the week ended Nov. 20 to close at $1.1…
Higher costs hurt MinVen earnings
Lower gold prices coupled with higher operating costs at its mines produced a loss for MinVen Gold (TSE) in the 9-month period ended Sept. 30. MinVen reported a 9-month loss of $3.8 million (13 cents …
Hendrick named `Copper Man of the Year’
The Copper Club of New York recently named Keith Hendrick “Copper Man of the Year.” Currently president of Noranda Minerals, Hendrick is honored for his more than 30 years of service to the mining and…
Low feed at nickel refinery still haunts Sherritt Gordon
Sherritt Gordon (TSE), the Edmonton-based fertilizer and speciality metals manufacturer, continues to suffer the cost of being unable to fill its nickel refinery in Fort Saskatchewan, Alta. The compan…
Hecla, Agnico confirm previous results from Meadowbank gold bet
Lucky Eagle Mines, jointly owned by Hecla Mining (NYSE) and Agnico-Eagle Mines (TSE), has received encouraging results from a 27-hole program on the Meadowbank property, 60 miles northwest of Baker La…
Vancouver Stock Exchange Market receives healthy boost
The Vancouver Resource and Composite Indices both staged rebounds over the reporting period ended Nov. 20. The Resource Index rose 13.8 points to finish at 541.63, while the Composite Index followed s…
FINANCING (November 19, 1990)
Greenstone Resources Ltd. — min of 550,000 and max of 1,750,000 units consisting of 1 common sh and 1/2 series C sh purc wt offered @ $2.75 per unit, plus 386,750 exchange units consisting of 1 commo…
Correction (November 19, 1990)
Intersections from Windy Mountain Explorations’ (COATS) MacLeod Lake property near Chibougamau, Que., include a 75-metre length grading 0.4% copper and a 55-metre length grading 0.53% copper. Incorrec…