1990


Geddes’ new plan shows less acid drainage likely

A revised mine plan for the Windy Craggy project was recently submitted to the British Columbia government by Geddes Resources (TSE), a junior company which is proposing to develop a major copper mine…


Canamax writedown

Canamax Resources (TSE) has concluded a $39.5-million writedown of the company’s assets and investments in other exploration firms to be provided for its year- end accounts. The writedown resulted fro…


INSIDER TRADING Teddy Bear exec. granted options

Teddy Bear Valley Mines (COATS) director Herbert Mendel has joined a small group of mining insiders who may benefit financially from any future developments at the Lightning zone gold discovery near M…




Chutine funding

Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…


Drill program to test IP targets at Fireweed

A drill program is planned for early 1991 on the Fireweed property north of Smithers, B.C. Mansfield Minerals (VSE) granted Minnova (TSE) the right to earn a 70% interest in the polymetallic project b…


Elliot Lake to receive $15-million financing

The area surrounding Elliot Lake, Ont., will receive $15 million from the provincial government to help diversify and revitalize its economy after a series of job losses at the community’s uranium min…



Placer Dome buys shares of Pan Orvana

The proceeds of a recent private placement by Placer Dome (TSE) will be used by Pan Orvana Resources to carry out exploration in south-central British Columbia and north-central Washington. The progra…


Anglo completes drilling program

Having completed the first stage of exploration work on the MWF property in Matheson Twp. near Timmins, Ont., Anglo-Canadian Mining (TSE) reports a final narrow, gold-bearing intersection. Hole No. 11…


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