The Vancouver market followed eastern markets for the week ended Feb. 5, staging a heathy rebound. The Vancouver composite index jumped 13.26 points to finish at 511.49 while the resource index added …
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
A Vancouver-based junior and Quebec’s ministry of energy and resources believe they have a major wollastonite find on their hands. The 298-claim St. Onge deposit, in the Lac St. Jean area of Quebec, i…
Although block caving operations at the Cassiar asbestos mine in northern British Columbia have encountered some problems with oversize material, the average ore grade has been considerably higher tha…
Calgary based Flag Resources (ASE) is planning to drill a 2,000 ft. deep vertical hole to probe for base metals on its Rathbun Lake property in the Wanipitei Lake area of northern Ontario. The claims …
Steven Potter appointed president.
A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…
The average gold price may have fallen last year by 12% from 1988 levels, but Torontobased producer American Barrick Resources (TSE) just keeps on churning out record profits. Thanks largely to the co…
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…
A takeover of Norgold Resources (VSE) has been proposed by Bema Gold Mines (TSE) on the basis of one Bema share for 2.5 shares of Norgold. Certain insiders at Norgold have entered a lockup agreement w…
A group of people representing miners, environmentalists, native people and the government have a tall order in the Yukon: they must reach a consensus. Members of the Yukon Mining Advisory Committee a…
Diamond drilling continues with three machines in an on going exploration program to build reserves on the Lightning gold zone of Noranda (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (C…
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