U.S. REPORT Crown makes new gold discovery
Denver-based Crown Resources (VSE) is adding yet another new gold discovery to its already impressive exploration track record. The company recently announced a new find on its Kings Canyon project in…
1991
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…
Mining escapes NDP budget, but interest rate fears grow
The mining sector escaped relatively unscathed recently from an Ontario New Democratic Party budget that will drive the provincial deficit up to $9.7 billion in fiscal 1991-92. In a bid to bolster rev…
Grange looks for partners (May 06, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Prime Equities gains Lorica position
The acquisition of 637,500 escrow shares of Lorica Resources (VSE) by Prime Equities (VSE) from former Lorica management has resulted in Prime taking over control of the company. Prime paid 5*CS each …
Colomac mine to close down
The performance of the Colomac gold mine in the Northwest Territories continues to improve as the remote open pit operation uses up remaining fuel supplies purchased by owner NorthWest Gold (TSE). Nor…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …
Kingswood bullish on Mattagami bet
Kingswood Exploration (TSE) President Wayne O’Connor is encouraged by results from an 8-hole program on the company’s La Gouchetiere Twp. claims west of Matagami, Que. The Toronto-based company has b…
Uranium mines in Saskatchewan subject to joint environmental review
Proposed uranium mine developments in northern Saskatchewan will be subject to a joint federal-provincial environmental assessment following an agreement between the Saskatchewan and federal governmen…
SUPPLIERS’ NOTES (May 03, 1991)
The Ontario Mine Contractors Safety Association recently appointed the following to its 1991-1992 executive: (Back row, left to right) Dan Sweeney (MacIsaac Mining & Tunnelling), Ron Dion (J.S. Redpat…
A FALCO VETERAN AT THE HELM
Not long ago Frank Pickard, the new president of Falconbridge, calculated the odds were slim that he could land the presidency at the base metal mining company. The owners, Noranda Inc. and Trelleborg…
FALCONBRIDGE IN SUDBURY: SULPHUR REDUCTION AT STRATHCONA
Falconbridge’s first mill on the North Rim was the Hardy (1955), followed by the Fecunis (1957) and finally the Strathcona mill, commissioned in 1968. The earlier mills closed in 1972 and 1975 respect…