Noranda drilling at Monument Bay
A drilling program is expected to start shortly on the Monument Bay property in northeastern Manitoba. Bellex Mining (VSE) recently completed an option deal with a unit of Noranda (TSE) allowing it th…
News
Citadel to explore Jamaican properties
Toronto-based Citadel Gold Mines (TSE) has purchased all the outstanding shares of privately owned Jam-Can Resources for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds three exclu…
Matachewan spill: Letters to the Editor
Your coverage of the Matachewan spill is welcome by all concerned parties in the Ontario mining industry. A full discussion of the facts concerning this case may result in a better understanding of a …
NDU cuts good widths on Bend deposit in Wisconsin
The Bend deposit in Wisconsin has yielded the widest intersections of copper-gold mineralization yet for NDU Resources (VSE). Infill drilling on an established reserve, NDU cut 69.5 ft. (true width) g…
MSV, Meston combine for Eastmain financing
A joint venture agreement aimed at aquiring the financing required to place the Eastmain gold deposit in northern Quebec near James Bay into production has been signed by MSV Resources (ME) and Meston…
CDN to nurture COATS: Letters to the Editor
Regarding your editorial “The wasted potential of COATS” (T.N.M., Jan. 28/91), we at the Toronto Stock Exchange would like to present our perspective on the issue. The Canadian Dealer Network (CDN), t…
28 holes completed at Rock & Roll
VANCOUVER Based on observations from drilling, partners Thios Resources (VSE) and Eurus Resource (VSE) are reporting a general increase in sulphide content within the Black Dog horizon as drilling pro…
Newfoundland amends Act: Letters to the Editor
The article “Newfoundland doubles tax on claims” (T.N.M., Jan.21/91), particularly the headline, gave an unclear and incorrect impression of the purpose and effect of recent amendments to the Mineral …
Alberta Stock Exchange: Champion hits gold
A 15-hole drill program on the One Man Lake gold occurrence near Kenora, Ont., has returned some encouraging assays for Champion Bear Resources. Results show a series of gold-bearing zones ranging fro…
Money-losing mine hits Metall earnings
Higher than expected operating and restructuring costs at the Copper Range mine in northern Michigan will reduce Metall Mining’s (TSE) 1990 income by about $7 million, the company estimates. Although …
PEOPLE (February 18, 1991)
MINEREX RESOURCES — Wayne Lenton appointed chairman of the board; John Devitt appointed president and director. ENERGY RESOURCES CONSERVATION BOARD — Frank Mink and Philip Prince appointed vice-chai…
Vancouver Stock Exchange: Rock & Roll bet biggest game
The Vancouver Stock Exchange composite and resource indices continued to push ahead over the period ended Feb. 12. The composite index added 13.10 points to finish at 524.59, while the resource index …