FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…
News
Atlanta plans to issue shares to replenish working capital
Subject to regulatory approval, Atlanta Gold (TSE) will complete a private placement of 1.25 million shares at $1 per share to two European investors. The placement also includes 1.25 million non-tran…
Accident rates down in Ontario mining
Ontario’s mining industry in 1989 had the lowest injury rate ever recorded in its history, reports the Mines Accident Prevention Association Ontario (MAPAO). Injuries requiring medical attention fell …
Kennecott plans to earn into four High Frontier properties
A letter of intent has been signed which, if carried to a final agreement, would allow Kennecott to earn a 40% interest in four properties owned by High Frontier Resources (VSE). Kennecott, a wholly o…
Toronto Stock Exchange Indices (April 02, 1990)
Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 HIGH LOW Composite “300” 3678.46 3667.46 3701.40 3704.91 3735.84 4009.47 3649.49 Metals & Minerals 3170.65 3156.16 3178.21 3176.74 3226.84 3453.05 2921.03 Integ…
RETOOLING MOTHER INCO; INCO employs far fewer Sudburians than a
Inco is taking an innovative approach to contracting work on a $500-million mill rationalization and flash smelting construction project approved by the company in 1988. By putting small contracts out…
Minesota mineral leases up for sale
The Minnesota government has given notice that it will auction off leases to prospect for and mine metallic minerals on several state- owned properties in northern Minnesota. The sale, affecting eight…
St. Genevieve, Bay drilling extends zone at Fourax
St. Genevieve Resources (TSE) and 81% owned subsidiary Bay Resources & Services (ASE) recently received some encouraging results from winter drilling at the Fourax gold property in Malartic, Que. Situ…
Noront trims down Grubline holdings
The 6,800-claim Grubline joint venture of Noront Resources (VSE) and Noranda (TSE) in central Newfoundland is being reduced in size by nearly 50% as the partners narrow their focus to concentrate on t…
Australian Report Small iron ore deposit has appeal
An interesting small mining venture in New South Wales has just been sold. Doral Resources has been mining about 30,000 tonnes per year of magnetite at its mine near Mudgee in east-central New South W…
Quote proposes joint venture on magnesium deposit near Algoma
A large deposit of olivine gabbro discovered in Riggs Twp. near Algoma, Ont., may contain commercially significant amounts of magnesium. Intending to develop the gabbro stock, Quote Resources (VSE) ha…
Aussie election shouldn’t change mining policy
Re-election of the Labor Party in Australia in the recent national election should mean a continuation of the current policy governing the mining industry in that nation. While the final seat tally ha…