MINING THE BIG BREAK
A disquieting number of rock bursts and the usual creaks and groans of a deep mine once were the daily fare for miners at lac Mineral’s Macassa mine, near Kirkland Lake, Ont. They still contend with r…
News
AND THERE’S STILL MORE
The 04 break (in underground Tnomenclature) or Kirkland Lake Main break (as it’s more widely known) has been the source of gold ore for Macassa for the past 57 years. It is the same break that nurture…
SUPPLIER’S NOTES (May 01, 1990)
A contract has been awarded by the International Magnesium Association to the Canada Centre for Mineral and Energy Technology (CANMET) for a 4-year project to study the fundamental aspects of the corr…
Gold funds as of Apr. 24
MVP BGR Central Capital Net value $11.56% %$5.85% $0.38% Price $9.75% %$6.125% $0.22% Discount 15.66% %4.7% 42.1% Value $68,843,115 $103,048,838 N/A…
Toronto Stock Exchange Market free fall ends as Goodman ties up (April 30, 1990)
After a week long free fall caused by sky high interest rates and falling profits, the Toronto market finally recovered a small amount of lost ground today, April 25. But investors who are obviously t…
China searches for minerals
China plans to increase its prospecting and exploration activities. The Ministry of Geology and Mineral Resources hopes to locate new reserves that amount to 13-15% of the present total and double its…
Latest drilling rekindles interest in Douay project
The three partners in the Douay gold project in Quebec’s Casa Berardi region have reported further encouraging results from the remaining eight holes of a 17-hole drilling program. Operator of the pro…
Geomaque, Kingswood terminate agreement
Poor stock market conditions and a difficult financing climate have scuttled a $1.2-million exploration agreement between Geomaque Explorations (TSE) and Kingswood Explorations (ASE). The two companie…
Lencourt offering to fund Africa deal
Toronto-based Lencourt (TSE) is planning to raise $4.6 million to acquire African mining company Sominki and its Belgian subsidiary through a private offering of common shares. Lencourt says a limited…
Ontario prospectors to get $30 million in exploration incentives
Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…
Insider Trading Aur, Stikine execs. primed for windfall
Over the past couple of months, mining insiders were busily increasing their exposure to any future developments at the Eskay Creek, B.C., and Louvicourt Twp., Que., exploration projects. Buyers inclu…
Manville seeking buyer for its stake in Stillwater mine
Denver-based Manville (NYSE) is looking to sell its 50% interest in the Stillwater mine, the world’s only economically viable primary source of platinum group metals outside South Africa. Manville, an…