COATS (over-the-counter) Card claims gain value
A 5-claim package owned by Card Lake Resources in Holloway Twp., Ont., is looking increasingly attractive as Noranda probes extensions of the Lightening gold zone on a property optioned from Canamax. …
News
Greenland planning to purchase $2 m in Platinova shares
Junior mining company Platinova Resources (TSE) of Toronto will take on a new shareholder in the form of the government of Greenland, which says it intends to purchase about $2 million worth of Platin…
INSIDER TRADING Freewest Pres. Watson a buyer
Freewest Resources (TSE) President Mackenzie Watson will be a very rich man if his company’s Harker-Holloway, Ont., gold joint venture with Noranda (TSE) lives up to expectations. Figures released by …
Shortage of Soviet oil in Cuba could push nickel prices higher
Economic woes in Cuba, which produces about 5% of the world’s nickel, could trigger a runup in nickel prices, industry analysts say. The price of nickel, currently about US$3.70 per lb., could reach U…
Billiton calculates reserves at Blende lead/zinc deposit
Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…
Editorial Senators on ice
When the National Hockey League’s newest Canadian team, the Ottawa Senators, takes to the ice in 1993, all of Canada should be proud. After all, it is our money that is going to make this sports franc…
Diamond search at Uranerz Sask. bet finds more stones
Hopes that a diamond mine can be established in Saskatchewan were boosted recently when partners Uranerz Exploration and partner Cameco recovered four large stones from kimberlite at the Fort a la Cor…
Grizzly Creek plans to boost interest in Philippines project
Vancouver-based Grizzly Creek Resources (VSE) says it will increase its interest in Golden Valley Explorations, owner of the Pinkian copper and gold property in the Philippines. Grizzly Creek has a 40…
NEWS IN BRIEF Black Hawk Mining
Shareholders of Black Hawk Mining (TSE) have until Dec. 21 to exercise rights issued at a rate of one right for every 2.3 shares. (Fractional interests in rights will be rounded down to the nearest lo…
High costs means deep mines’ days are numbered
“Big is better” is becoming the new name in this ever-changing mining game. Miners everywhere favor and seek out big, low-cost and safer open pit deposits rather than much more costly underground mine…
People REYMONT GOLD MINES (December 17, 1990)
Michael Callahan, Angus Stewart and Stanley Ford appointed directors succeeding James Brown, Clive Brown and Ivan Christopher; Michael Callahan appointed president and Angus Stewart appointed secretar…
People UNITED COIN MINES LTD. (December 17, 1990)
David Libby resigned as a director. A successor to be announced.