1991

The corporate strategy of NovaGold Resources (TSE), based in Halifax, N.S., is to become a “vertically integrated major mining company,” says company Comptroller Glenn Holmes, and “a world leader in t…

A union dispute at the Cassiar mine in northern British Columbia has been resolved by the ratification of a 2-year agreement by the mine’s 330 union employees. The mine is owned and managed by a unit …

The future of Denison Mines’ (TSE) Elliot Lake, Ont., uranium mine continues to hang in the balance now that the company and Ontario Hydro have failed to agree on a new pricing formula for a long-term…

Golden Hemlock Explorations (VSE) has signed a letter of intent to earn a 50% interest in Golden Quail Resources (VSE) gold property in San Bernadino Cty., Calif., 60 miles south of Las Vegas, Nev. He…

Projected exploration expenditures in Manitoba in 1990 are expected to be slightly lower than the estimated $40 million spent in 1989. Claim staking in 1990 was down 30% as compared with 1989 but more…

After a successful exploration program in 1990, Columbia Gold Mines (VSE) plans to spend about $1 million on the Spectrum property in northwestern British Columbia during the coming season. Columbia i…

Even though the company was formally taken off the auction block in May of last year, Asamera Minerals (TSE) is once again being offered for sale by a unit of its parent company, Gulf Canada Resources…

The cash price of cash copper on the London Metal Exchange (LME) went from US$1.34 on Sept. 3, 1990, to US$1.53 Sept. 17, to US$1.26 on Oct. 1, and finally to US$1.07 on Jan. 30, 1991. Furthermore, LM…

Donald Busby, a well-known promoter and financier, has resigned as a director of International Mahogany (TSE) and Kap Resources (VSE). International Mahogany holds a 70% interest in the Jolu gold mine…

Moraga Resources Ltd. — 1,000,000 units consisting of 1 sh and 1 wt offered @ 74 cents per unit. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per unit.

Vancouver-based Longold Resources (VSE) has acquired two properties in Benoit Twp., Que. where several juniors have recently become active following a recent gold discovery by TSE-listed Freewest Reso…

Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …