Grants benefit Kirkland Lake area
The northern Ontario community of Kirkland Lake has been the most popular area in the province this year for OPAP and OMIP grants, the Ontario Ministry of Northern Development and Mines reports. Grant…
News
Noront to drill promising projects
Although finding it difficult to raise money these days, “one way or another” Noront Resources (VSE) is determined to proceed with drilling on three of its better-looking projects, President Richard N…
Cominco cuts zinc production
Cominco (TSE) announced it will be operating its zinc refinery at Trail, B.C., at 90% of its 300,000-ton-per-year capacity. The company also announced that further cutbacks would be considered, “if wo…
Uranium mine in Nebraska opens using in situ leaching
Owners of the Crow Butte uranium mine joined their guests for a tour of operations and a country-style celebration to mark the Oct. 17 official opening of the mine, four miles from this prairie commun…
PRODUCER PRICES (November 11, 1991)
ALUMINUM: MW U.S. market US54.75-55.50 cents per lb. (Oct. 24, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
Montreal Exchange (November 11, 1991)
Maintaining its trading momentum during the week ended Nov. 5 was Societe d’Exploration Miniere Vior, which announced plans to raise up to $500,000 through a private placement. The proceeds will be us…
High grades from Gap zone
Ongoing drilling by Westmin Resources (TSE) is continuing to return high-grade results from the Gap zone discovery area on the Myra Falls mine property near Campbell River, B.C..T The latest hole, 15-…
Royal Oak, Falco cut copper, zinc
A $4-million exploration drive by Falconbridge on Royal Oak Mines’ (TSE) base metal property 20 miles west of Sudbury, Ont., has turned up encouraging mineralization almost two miles away from a known…
INSIDER TRADING (November 11, 1991)
Claude Resources’ (TSE) controlling shareholder BEC International recently reduced its interest in the Saskatoon company at a significant discount to the recent market price. According to the Ontario …
Unlisted Trading (November 11, 1991)
Trading almost 1.5 million shares during the week ended Nov. 5, Willingdon Resources says it has reached an agreement in principle to merge with Sandy K Mines, owner of a high-grade silver-cobalt prop…
Fort Knox play reminiscent of market activity in the ’80s
It was just like the good old days — back in the mid-1980s — when a successful run on the junior mining market could finance a new Porsche or pay down part of the mortgage. Those who had seen their …
Vancouver Stock Exchange (November 11, 1991)
The month of October returned the best trading performance of the Vancouver Stock Exchange in more than a year, with volume up 5% from September and 23% from the same period last year. The value of sh…