Big boost in reserves at New World
A successful 1990 drilling program at the New World project in Montana has enabled Crown Butte Resources (TSE) to report a substantial increase in preliminary reserves over those released at the end o…
News
Sale keeps Galactic in black
Despite a third-quarter loss of US$3.2 million, Galactic Resources (TSE) reported net income of US$3.68 million for the nine months ended Sept. 30. The 9-month results were boosted by an extraordinary…
Metals prices weaken bank commodity index
A drop of 3% in October from the preceding month was reported by Scotiabank for its all-commodity price index. Contributing to the decease was a 6% tumble in October in metals prices. “Base metal pric…
Aur says Louvicourt will cost less than $200 million
Aur Resources (TSE) Vice- President Howard Stockford says he expects to have a conceptual plan for mining the company’s 55% owned Louvicourt Twp. copper-zinc deposit in hand by Christmas. With 12 dril…
Trimin future uncertain after Hanson Lake deal closes
Billiton Resources Canada (TSE) has completed the purchase of Trimin Resources’ (TSE) 32.9% interest in the Hanson Lake project near Flin Flon, Man. Billiton, which paid $17.5 million for Trimin’s sta…
Alberta Stock Exchange Biron Bay up 30 cents
A recent progress report by Biron Bay Resources on its 60% owned Summit gold project in New Mexico has led to a 30 cents gain in that company’s share price. Biron traded 109,100 shares to close at $1….
Safety must be a priority for exploration industry
In the fall of last year, the prospecting industry in Ontario received notice from the Workers’ Compensation Board (WCB) that its assessment rates for 1990 would be raised by a staggering 15%. The inc…
Crown optimistic about Pinon based on results from 18 holes
Results from the first 18 holes of a 30-hole program on the Pinon Range project have owner Crown Resources (VSE) optimistic about the property’s potential. Significant results from the program are lis…
Thompson – The other INCO
Inco Ltd. is spending heavily to secure its future in Thompson, Man. In addition to the C$108 million already committed to the 1-C orebody at the main Thompson mine, Birchtree reactivation and the Tho…
Calendar (December 07, 1990)
Jan 7-11, Reno, Nev. Short Course on Hydrothermal Alterations. Contact Mining, Division of Continuing Education MS 048, University of Nevada, Reno, Nev. 89557-0024. Phone (702) 784-4046. Jan 8-12, Ren…
Our Man At Thompson
Generally, little is heard of that other Inco — the nickel operations 400 air miles north of civilization and known as Thompson, Man. When it was announced in December, 1956 in The Northern Miner new…
Cross-Cuts (December 07, 1990)
HERE, THERE, EVERYWHERE Ontario Mining Association Chairman Andy Rickaby, addressing a lunchtime crowd in downtown Toronto to kick off Ontario Mining Week (in mid-October), points out the uses to whic…