Koala, Manridge planning merger
The proposed merger of Toronto- based Manridge Exploration (TSE) with Koala Resources (VSE) of Vancouver is expected to pave the way for exploration in the Eskay Creek region of British Columbia regio…
News
Pouliot to speak at CIM luncheon
Gilles Pouliot, Ontario’s new mines minister, will spell out the government’s priorities in the mining industry at a luncheon, Nov. 15. The meeting, to be held at the Royal York Hotel in Toronto, is s…
Newhawk’s Sulphurets not economic at current metal prices
A recently completed feasibility study has determined that the Sulphurets project is not economically feasible at current metal prices. The project is in the rugged Golden Triangle area north of Stewa…
Johnson Matthey closing B.C. plant
Citing financial losses, Johnson Matthey plans to close its plant in Trail, B.C., by year-end. The plant employs 95 persons and produces a variety of high purity metals and other materials that are pr…
Better grades improve Brewery – Loki outlining large tonnage
An accelerated exploration and development program is being planned by a unit of Noranda (TSE) for the Brewery Creek property. It is a promising bulk tonnage gold prospect 35 miles east of Dawson City…
Toronto Stock Exchange Indices (November 12, 1990)
Nov. 6 Nov. 5 Nov. 2 Nov. 1 Oct. 31 HIGH LOW Composite “300” 3094.67 3095.24 3085.48 3085.00 3081.26 4009.47 3009.91 Metals & Minerals 2543.57 2575.26 2600.39 2612.30 2606.99 3453.06 2543.57 Integrate…
Correction (November 12, 1990)
BMR Gold (ASE) says its America Mine project in California hosts preliminary reserves of 3.97 million tons grading 0.087 oz. gold per ton or about 346,000 oz. in situ. Incorrect figures were published…
American Barrick boosts Horsham
Investments in oil and gold- producing affiliates, including American Barrick Resources (TSE), continue to pay off for Toronto-based Horsham (TSE). Thanks to the strong operating performance of 60% ow…
Ontario explorationists struggle with new work permit
A multi-use work permit introduced in Ontario some 12 months ago is causing much consternation within the mineral industry. The permit, created under Bill 137 (an Act to Amend the Public Lands Act), g…
Companies weigh pros, cons of autoclaving, bioleaching
Both processes eliminate toxic gas emissions, convert sulphur as well as arsenic into more stable compounds and discharge them into tailings ponds on site. While autoclaving is generally more expensiv…
U.S. REPORT Vinta returning consistent wide intersects at Illinois
The remaining holes from a 38-hole drilling program on the Illinois Creek project in the western interior of Alaska have returned wide intersections of gold-silver mineralization. The drilling program…
Recent expand gold zone at Total Energold project
Recent drilling by Total Energold (TSE) on Northway Explorations’ (TSE) Noyon Twp. gold claims in northwestern Quebec has expanded the potential of the property’s RJ zone. Hole 102, which probed a wes…