News

Atlantic Report Cape Breton Highlands get going over

Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…


Wye Resources shuffles board

The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…


Gold funds as of Jan 9

MVP BGR Central Capital Net value $12.20 $6.09 $0.48 Price $11.00 $6.00 $0.38 Discount 9.84% 1.5% 26% Value $72,620,015 $102,5…


Hall of Fame Photo by George Onuska

Newly inducted into the Canadian Mining Hall of Fame is 89-year-old Alex Mosher, who was accompanied to this year’s dinner by granddaughters Judy Lennox (left) and Jane Ratchford.



Unocal sells Obed

The Obed thermal coal mine near Hinton, Alta., has been sold to Edmonton- based Luscar Ltd. The mine was owned 93.4% by Unocal Canada, a wholly owned subsidiary of Unocal (NYSE), and 6.6% by Norcen E…


Photo by George Onuska (January 15, 1990)

Head table guests at the annual dinner of the Canadian Mining Hall of Fame were, from left, Lionel Kilburn, Richard Gardner, Norman Keevil Jr., Viola MacMillan, Maurice Brown, Robert Ginn and John Laf…


Alberta Stock Exchange Kingswood big trader

As drill rigs are already up and running across the continent, after the Christmas break, it is hardly surprising that some of the junior mining issues were among the volume leaders. For the week ende…


Robinson litigation is settled

Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…


Winter drilling by Spirit Lake

A winter drill program being started by Spirit Lake Explorations (ME) on the company’s Edwards gold property is designed to block out a high-grading reserve of minable ore, President John Hansuld told…


Noranda to earn 51% in Queenston’s bet

Noranda Exploration, a unit of Noranda (TSE) recently agreed to earn a 51% stake in Queenston Mining’s (TSE) Pawnee gold property in Kirkland Lake, Ont., by spending $1.1 million on exploration over f…


B.C. mining award

The Mining Person of the Year Award — jointly sponsored by the Mining Association of British Columbia (MABC) and the Mining Suppliers, Contractors and Consultants Association (MSCCA) — is to honor a…


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