Second Fontana hole hits mineralized zone
A second encouraging hole has been completed on the Fontana property near Val d’Or, Que. The gold property, 40% owned by Bay Resources and Services (ASE), a subsidiary of St. Genevieve Resources (TSE)…
News
Granges reduces loss in 1989
A net loss of $8.1 million or 28 cents per share was reported by Granges (TSE) for 1989, compared with a 1988 net loss of $13.5 million or 61 cents per share. The company said the improvement reflects…
New drill program started at Douay by Inco, partners
A new 2-phase drilling program is under way on the Douay gold property in Quebec’s Casa Berardi area by project partners Inco, Societe d’Exploration Miniere Vior (ME) and Cambior (TSE). The trio recen…
Rayrock earnings cut in half
Rayrock Yellowknife Resources (TSE) reported net earnings of $3.2 million (32 cents per share) for 1989, compared with $6.6 million (68 cents per share) in 1988. Operating funds increased to $9.3 mill…
Metal snips Canadian nickel miners, refiners tour Cuba, USSR
A delegation of Canadian nickel producer-refiners is investigating new business in two other nickel- producing nations, Cuba and the Soviet Union. Representatives of Inco (TSE), Falconbridge (TSE) and…
Abcourt, Val d’Or in property deal
An option to purchase, for $1.5 million, the 50% interest of Mines Abcourt (ME) in the Bardome (Vendome) zinc property in Quebec’s Fiedmont and Barraute twps. has been granted Ressources Val d’Or (ME)…
NO HEADLINE (March 19, 1990)
TEXT: New realities in Latin America, including the recent election of civilian governments in Chile and Brazil, could help create new opportunities for Canadian mining companies. “Latin America is a…
Labor dispute hurts Rio Algom’s earnings
The loss of ore production during a labor dispute at the Highland Valley copper mining operation in British Columbia last year resulted in reduced annual earnings for Rio Algom (TSE). For the year end…
Trying to control the price of metals
I read recently the Soviet government had raised the ruble price of all gold jewelry by 50% in order to discourage speculation against the ruble. Apparently the more prosperous, hard-working Soviet ci…
International Platinum hits high-grade zone on Kirkland Lake bet
A drill hole on the Goodfish property near Kirkland Lake, Ont., has intersected 90 ft. averaging 0.26 oz. gold per ton in an environment commonly associated with Kirkland Lake’s gold producers. The tr…
Bond completes 11 holes on Magpy bet
The best assay result from an 11-hole drill program completed recently by Bond International Gold (TSE) on Registry Resources’ (COATS) Magpy property near Pickle Lake, Ont., was 0.32 oz. gold per ton …
Changes would increase dramatically fines for violating some
Ontario’s new Provincial Penalties Adjustment Act, now awaiting proclamation, will substantially increase fines for companies that contravene the Mining Act or a number of other provincial statutes. T…