Editorial `Borrowing’Tony Oklend’s boat
If only Tony Oklend could see LAC Minerals today. Who was he, you might well ask? Tony was a lonely, illiterate, Lithuanian immigrant who eked out a rugged existence trapping in the Thunder Bay area, …
News
Beep Mat improves
The National Research Council of Canada has granted Instrumentation GDD $59,000 to continue research on the “Beep Mat,” an exploration tool used to detect metallic mineralization. Edwin Gaucher, the i…
GoldTech 4 at Reno
GoldTech 4, the fourth in a continuing series of gold technology meetings, will be held in Reno, Nev., Sept. 10-12. It is sponsored by the Society for Mining, Metallurgy, and Exploration. Topics inclu…
Kenroc celebrates its golden anniversary
Kenroc Tools Corp. is celebrating 50 years of operation this year, which marks the inception of its predecessor, the Craig Bit Co. In 1940 two brothers, Ernest and Robert Craig, developed the detachab…
INSIDER TRADING Audrey grants Kearney options
With Minnova (TSE) developing the 1100 lens at Audrey Resources’ (TSE) Mobrun polymetallic mine at Rouyn-Noranda, Que., some analysts were expecting Northgate Exploration (TSE) to sell its 18% stake i…
London Metal Exchange (May 14, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 8 May 7 May 4 May 3 May 2 Copper 1660-1665 N/A 1630-1635 1720-1725 1695-1700 Lead 485-487 N/A 487-489 …
Higher gold production for LAC in 1st quarter
Increased gold production and lower net earnings have been reported by Toronto-based LAC Minerals (TSE) for the first quarter of 1990, reflecting the consolidation of 65% owned Bond International Gold…
Editorial Selling gold is a short-term solution
The Canadian government has sold almost six million ounces of gold since the end of 1979 when John Crosbie, as finance minister, initiated the policy saying it would help reduce Canada’s deficit. Sinc…
U.S.Report South Dakota mining under renewed attack
Now that the mining-initiated 2-year moratorium on new mine development is law in South Dakota, the mining industry’s foes are at it again. Environmental groups are gathering support for a statewide i…
U.S.Report Asarco enhances expansion program of copper works
An enhanced US$350 million program to expand and modernize copper production facilities has been announced by Asarco (NYSE). Additional expenditures at the Ray mine in Arizona and the El Paso smelter …
NovaGold plans takeover of Etruscan Enterprises
Continuing on the acquisition trend, NovaGold Resources (TSE) is planning a takeover of Etruscan Enterprises (VSE), an exploration company with two properties in the Northwest Territories. As part of …
Radisson financing
Regulatory approval for a private placement worth $2.1 million has been received, Radisson Mining Resources (ME) reports. The placement involves 3,387,090 shares at a price of 62 cents per share and w…