MOST ACTIVE ISSUES, August 13-19
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News
Correction (August 25, 1997)
During the three months ended June 30, 1997, Rio Algom (ROM-T) produced 50,000 lb. of uranium and 133,000 lb. of coal. During the same period in the previous year, the firm produced 540,000 lb. of ura…
BOOK REVIEW — Book examines ABCs of gold exploration — Author sets out practical, sensible guidelines
.BREVIEWED BY STUART McDOUGALLThe Gold Explorer’s Handbook, By James Regan, 25Available from Rosendale Press, London, EnglandThe Gold Explorer’s Handbook is a straightforward and down-to-earth introdu…
LITERATURE REVIEW — NEWS ROUNDUP — Stroud options Temagami properties
Stroud Resources (SDR-T) has signed a $3-million deal with privately owned Wabana Explorations to acquire the Leckie gold project, near Temagami, in northern Ontario.Wabana must make initial payments …
LITERATURE REVIEW — Nelson’s first half marred by red ink
London-based Nelson Gold (NLG-T) suffered a loss of US$2.29 million (or US3 cents a share) for the 6-month period ended June 30, compared with a loss of US$1.69 million (US3 cents a share) in the same…
LITERATURE REVIEW — Columbia Gold targets extension of Kona zone
The latest drill results from the Fyre Lake massive sulphide project in the Finlayson Lake district of southeastern Yukon confirm the continuity of the western limb of the Kona zone.Columbia Gold Mine…
Ontario miners shoulder cost, responsibility of safety — Amendments to pose few problems
The government of Ontario has drafted a series of amendments to the Occupational Health and Safety Act aimed at shifting the cost and responsibility of mine safety to producers.The 55 amendments inclu…
Ontex and Metalore settle legal dispute
One of the longest running legal disputes in recent mining history has come to an end.Ontex Resources (ONT-T) and Metalore Resources (met-t) began their legal battle over the Brookbank property in 198…
Ventures seeks opportunity in southwestern Alaska
Having terminated its exploration project in Eritrea, East Africa, Ventures Resources (VRS-V) is focusing all of its efforts on Alaska.The company recently released the first batch of drill results fr…
PEOPLE — VALERIE GOLD (August 25, 1997)
Sean Tetzlaff appointed chief financial officer.
Echo Bay defers mine construction plans
Low gold prices have derailed plans by Echo Bay Mines (ECO-T) to construct two new gold mines — Paredones Amarillos in Mexico and Aquarius in Canada — and develop the Ulu gold project in Canada’s No…
Cominco ponders restarting mine
A buoyant zinc market has induced Cominco (CLT-T) to consider reopening the Sa Dena Hes zinc-lead mine, 45 km north of Watson Lake in southeastern Yukon.The mine was closed in December 1992 as a resul…