Montreal Exchange Agnico reports find
News of a gold discovery near the producing Eagle/Telbel mining project of Agnico-Eagle Mines in the Joutel, Que., area helped shares of the company to jump by $1.25 to $7. The company traded 263,400 …
News
Nevada flexes regulatory muscle with hefty fine
Echo Bay Mines (TSE) was recently forced to pay one of the stiffest fines ever levied against a mining company in the State of Nevada. After more than 1,000 birds were killed while drinking from the t…
Explorationists downplay report on Canadian exploration activity
The president of the Prospectors and Developers Association of Canada (PDAC) is downplaying a recent federal government report on the state of mineral exploration in Canada. Robert Ginn says the explo…
NEWS IN BRIEF (November 19, 1990)
Aston Resources Ltd. (ASU: VSE) has changed its registrar and transfer agent to Pacific Corporate Trust Co.
Waddy enhances high-grade potential of Komis deposit
Additional drill results from the Komis gold deposit in northern Saskatchewan suggest that Waddy Lake Resources (TSE) has correctly interpreted the orientation of the mineralization. The company compl…
Inco ups stake in Fort Knox oversees Shining Tree work
After lying low for almost three years, Fort Knox Gold Resources (TSE) has optioned two groups of claims in the Shining Tree area, near Cobalt, Ont. Inco (TSE), which recently increased its stake in F…
Pouliot `under siege’ as mines minister
Ontario’s newly appointed mines minister says he is placed on the defence during a recent interview with The Northern Miner. “I am under siege,” jokes Gilles Pouliot, 48 — a feeling that may be inevi…
NEWS IN BRIEF Tasu Resources Ltd.
Tasu Resources Ltd.(TAS: VSE) has changed its name to Imtrex Industries & Recycling Inc. with no consolidation of capital. Transfer agent is Montreal Trust.
U.S. REPORT Savanna in deal with Cominco on Oregon property
Calgary-based Savanna Resources (ASE) has optioned its Turner Albright gold-copper-zinc property in Oregon to Cominco American Resources, a unit of Cominco (TSE). Situated near O’Brien, Ore., the 2,30…
Correction (November 19, 1990)
Intersections from Windy Mountain Explorations’ (COATS) MacLeod Lake property near Chibougamau, Que., include a 75-metre length grading 0.4% copper and a 55-metre length grading 0.53% copper. Incorrec…
U.S. REPORT BMR expects reserve expansion
As a US$5-million, 2-year exploration program gets under way at the American Mine gold project in San Bernardino Cty., Calif., BMR Gold (ASE) is confident that its new partner, Nerco (NYSE), will be a…
Corona income drops despite higher output
A substantial decline in interest, investment and other income led to a 19% drop in third-quarter earnings for Corona (TSE). Net income for the quarter was $12.3 million (6 cents per share) compared w…