Wye plans to drill Saganaga Lake
Wye Resources (CDN) plans to begin a 5-hole program on its Saganaga Lake gold property, 75 miles southwest of Thunder Bay, Ont., as soon as the snow melts. Saganaga Lake, which straddles the Ontario-M…
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Curragh, union far apart, Faro workers go on strike
Curragh Resources (TSE) Chairman Clifford Frame says he feels sorry for the families of 400 striking employees at the company’s lead-zinc operation at Faro, Y.T. But given the current state of metal p…
Trillion invests in African mine
After completing a 12-hole drill program on Jena Mines’ gold property in Zimbabwe, Trillion Resources (ASE) has negotiated an agreement to earn a 50% equity interest in the African company by investin…
METAL PRICES FREE MARKET (April 15, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 9 April 8 April 5 April 4 April 3 Copper 1353-1356 1374-1375 1371-1372 1370-137…
Homestake expects quarterly loss
A first-quarter loss of about US$3 million is expected by Homestake Mining in part because of a flagging gold price and lower gold production. In addition, the company has experienced increased costs….
Smelter union rejeacts offer, Brunswick strike continues
Employees at Brunswick Mining & Smelting’s (TSE) zinc mine and smelter near Bathurst, N.B., will remain on strike rather than accept a “final offer” from the company, says Phil Best, a representative …
NEWS IN BRIEF Tyranite Mines
Management of Tyranite Mines (CDN) resigned recently to make way for a new board of directors consisting of Ross McGroarty, Marilena Fuda and Suzanne McGroarty, all of Toronto. In addition, 1.3 millio…
NEWS IN BRIEF Colchis Resources Ltd.
Colchis Resources Ltd. (CLK:VSE) has changed its name to Northewan Minerals Corp. (NTW:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corporate Tr…
OBITUARY Jack Davis
Jack Davis died at his West Vancouver home recently. He was 74. Davis had been British Columbia’s Minister of Energy, Mines and Petroleum Resources since 1986. Davis was born in Kamloops, B.C., and gr…
Giegerich to speakat CIM luncheon
Hank Giegerich, former president of Cominco Alaska, will address the audience at a luncheon meeting, April 25, at Toronto’s Royal York Hotel. The gathering is sponsored by the Toronto branch of the Ca…
Vangold drilling returns 15 ft. grading 0.41 oz. gold per ton
Recent drilling by Vangold Resources (VSE) intersected 14.8 ft. grading 0.41 oz. gold per ton on the Gertrude property in the historic Rossland mining camp of southern British Columbia. The camp is be…
Diamond search extends to Alberta
The search for diamonds has now expanded from Saskatchewan into Alberta, and evidence suggests the claim of 6,000 sq. km in northern Alberta belongs to Monopros, the Canadian arm of South Africa’s De …