Montreal Exchange New Aur program
A new exploration program involving about 20,000 ft. of drilling and costing about $500,000 at three Louvicourt Twp. properties (in the Val d’Or, Que., area) of Consolidated Abitibi Resources was star…
News
Goldstream mine starts up
After a 7-year hiatus, the Goldstream polymetallic mine near Revelstoke, B.C., is back in production with a new operator. Equal partners Goldnev Resources (VSE) and Bethlehem Resources (VSE) recentl…
EDITORIAL PAGE Quebec’s faint support is welcome
If Quebec had announced its 1991-92 budget a few weeks ago, it would have been damned as irresponsibly extravagant. Finance Minister Gerard Levesque would be pilloried for projecting a deficit this ye…
Placer options Dellaterra claims
A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE). Under the terms of the agreement, Placer will pay Dellaterra $50,000…
Sikaman completes Bogosu sale
Sale of its interest in the Bogosu gold project in Ghana, Africa, has been completed, Sikaman Gold Resources (TSE) said. The Toronto-based company also announced the sale of two other property interes…
Premier example of new challenges facing B.C. mining
Operating in northern regions presents economic and environmental challenges to British Columbia’s mining industry. Companies are wrestling with the logistics of transportation and commodity movement,…
Commodity index rises slightly (May 13, 1991)
Metals and minerals prices levelled off after dropping for months and the all-commodity price index of Scotiabank rose slightly in March after five straight monthly drops. Both the metals and minerals…
Deak expands production plans at Magusi based on new copper zone
Encouraged by recent results at the Magusi zinc-copper property, Deak Resources (TSE) is examining the possibility of incorporating deep copper mining into its current production plan for the site. Th…
Cheni’s isolation, severe winters make transportation a major cost
At Cheni Gold Mines’ (TSE) Lawyers mine in northern British Columbia, transporting crew and goods on to and from the site can translate into hefty dollar costs. Company president Paul Savoy said worki…
IOCC GOLD OPTIONS (May 13, 1991)
Options Open Series Volume Last Interest Aug 370 C 2 7.00 3 May 390 P 10 6.30 140 …
PROFILE Robert Stairs showcases New Brunswick’s deposits
Throughout Canada, few mineral deposits were successfully developed in the past two years. New Brunswick’s Bathurst camp, however, boasts two profitable new mines. Since they started or resumed operat…
Westmin Myra Falls drilling hits massive sulphides
Recent drilling by Westmin Resources (TSE) at its Myra Falls operation near Campbell River, B.C., returned a massive sulphide intersection in a gap area between the Ridge and H-W zones. The Myra Falls…