Noranda plans more holes at Hislop project
Six more drill holes are being proposed by Noranda Exploration for gold property in Beatty and Hislop twps. in northeastern Ontario, project partner Glimmer Resources (VSE) reported. The new holes wou…
1991
Deloro mine site slated for cleanup
The Deloro gold mine site north of Belleville, Ont., is expected to receive immediate attention under a federal-provincial agreement to clean up toxic dumps in Ontario. Over the next five years, the g…
Noranda explores near Stewart
A unit of Noranda (TSE) will operate an exploration program this year on the Knipple Lake polymetallic prospect, 60 km north of Stewart, B.C. Hyder Gold (VSE) can earn a 50% interest in the property f…
PRODUCER PRICES (April 22, 1991)
ALUMINUM: MW U.S. Market US66.50-68.00 cents per lb. (Apr. 4, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CAD…
Alberta Stock Exchange Golconda falls 34 cents
During the week ended April 16, shares of Golconda Resources fell 34 cents to close at 77 cents on volume of nearly one million shares after the company released mediocre assay results from the first …
U.S. gold industry faces concentration
Ownership of the U.S. gold industry is likely to become increasingly concentrated during the next decade as producers grapple with rising interest charges, stringent environmental regulation and a pro…
Prime to build Iskut Valley road
The British Columbia government will provide financial assistance to Prime Resources Group (VSE) to build the 38-km portion of the Iskut Valley road west from Highway 37 to the Volcano Creek junction….
Copper combates zebra mussels
According to a recent report in Canadian Copper, a study is under way at the University of Toronto to evaluate the effectiveness of using copper and copper alloys to prevent the adhesion of zebra muss…
Foreign element an integral part of mining activity across Canada
Over the years, Canada has “exported” much of its mining know-how and expertise. In return, it has benefited from the presence of overseas corporations willing to take a chance on the country, its peo…
Hillsborough profit up
Higher contract revenues from the Westray coal project in Nova Scotia and the Mt. Hundere lead-zinc project in the Yukon helped Hillsborough Resources (TSE) double its profit in the first quarter of t…
Pilot plant next step for Peat
If Peat Resources (CDN) is successful in securing private sector financing, the company will construct a $4.5-million pilot plant to produce tonnage-scale quantities of peat fuel. Peat President Leon …
Potash Corp. profit up
The first-quarter profit of Potash Corp. of Saskatchewan is expected to be in the range of $11-13 million, up from $3.6 million in the year-earlier period, said Chairman Charles Childers. Childers rec…