U.S.REPORT Great Lakes buys out Michigan firm
Increasing its commitment to northern Michigan, Great Lakes Minerals (TSE) has acquired 100% of Keeweenaw Copper (KCC), a private company with a stake in a number of copper deposits along the Keeweena…
1991
Aboriginal title action quashed
An aboriginal title action launched against the province of British Columbia by the Gitksan and Wet’suwet’en hereditary chiefs more than three years ago was denied in a recent ruling by British Columb…
Ontario Over-the-Counter New zone at MacLeod
Two holes drilled into the mineralized contact at the MacLeod Lake property north of Chibougamau, Que., have intersected a new copper zone, the South zone, extending over a strike length of 500 metres…
Insider Trading Dayton directors ready to cash in
A small group of Dayton Developments (TSE) directors were recently positioning themselves to cash in on any future increases in the Vancouver company’s share price. Back in mid-December, after enginee…
Noranda drops Merry Widow
After carrying out a limited exploration program, aunit of Noranda (TSE) has decided not to continue its option onthe Merry Widow property owned by Taywin Resources (VSE) on Vancouver Island in southw…
U.S.REPORT Galactic reports more writedowns
Writedowns totalling US$39.7 million pushed Galactic Resources (TSE) into a US$36.7-million loss for the year ended Dec. 31. The writedowns included charges against the company’s Summitville mine, its…
Taxpayers can’t afford expensive native programs
With our mining industry facing more hurdles and challenges today than ever before, there’s yet another ominous cloud looming. It’s that rising hue and cry for massive native land claims that could le…
Writedown puts Malartic in red
Lower gold prices combined with asset writedowns and provisions for losses on certain investments put Malartic Hygrade Gold Mines (VSE) in the red durring 1990. The company reported a loss of $5.55 mi…
Hemlo’s Harvey likes idea of Noranda gold asset deal
Speculation that Noranda (TSE) is attempting to pare down debt by offering to sell its gold assets to 50.8%-owned affiliate Hemlo Gold (TSE) was confirmed recently by Hemlo Gold President John Harvey….
Chutine needs US$22m to build copper mine at San Antonio
Following the recent completion of a feasibility study, Chutine Resources (VSE) says it will need about US$22 million to build a new open pit copper mine at its San Antonio property in the Sonora stat…
Montreal Exchange Claim dispute brewing
A claim-staking dispute is brewing over property in Benoit Twp. in northwestern Quebec near where a gold showing by Freewest Resources recently caused a staking rush. The Freewest discovery instantly …
OBITUARY Ossian Walli
Ossian “Ossie” Walli, a well-known educator and founding architect of the post-secondary Haileybury School of Mines, died recently in New Liskeard, Ont., after a brief illness. He was 88. Born at Copp…