Mishibishu activity grinds to a halt
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year, following a string of disappointments for the area’s two major players, Central Crude (TSE…
1991
Stepout drilling at Fish Lake boosts metal content sharply
Stepout drilling at the Fish Lake property, southwest of Williams Lake, B.C., is confirming results encountered in the first hole of this year’s drilling program. As a result, contained gold and coppe…
Supply-demand equations shifting for industrial minerals
Three studies published by Roskill Information Services of London look at the fortunes of the industrial minerals magnesium, kaolin and natural graphite. Magnesium, according to Roskill, always genera…
PEOPLE (September 23, 1991)
R. MacDonald appointed chief financial officer and senior vice-president, finance.
Conference on industrial minerals
The third annual Canadian conference on markets for industrial minerals, Industrial Minerals ’91, scheduled for Oct. 22-23 at Toronto’s King Edward Hotel, will include a presentation of interest to co…
Denison completes Spanish oil sale
Toronto-based Denison Mines (TSE) recently completed the sale of a 12.6% interest in the Casablanca oilfield offshore Spain for US$15.5 million. However, even though Denison expects to receive an addi…
OBITUARY (September 23, 1991)
Karl Springer, renowned prospector and aviator, died recently in Toronto. He was 92. As a founding member of the Prospectors and Developers Association of Canada in 1932 and later as one of the group’…
Cheni cuts reserves at Lawyers
Limited continuity in the Cliff Creek zone at the Lawyers mine in north-central British Columbia has forced owner Cheni Gold Mines (TSE) to lower its ore reserves once again. Paul Savoy, president of …
Westaurum to buy B.C. copper bets
Under a letter of intent with International Lornex, a private British Columbia company, Westaurum Industries (ASE) will acquire interests in several established copper deposits in northern British Col…
Aur, Louvem seek to minimize dilution building Louvicourt
Partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) expect the capital cost of developing their Louvicourt Twp. massive sulphide deposit east of Val d’Or, Que., to be well over $300 million….
PROFILE (September 23, 1991)
As most miners have shelved their exploration plans during this recession, Crown Resources remains steadfast in its search for gold. Rain or shine, field geologists, who hold stock options in the comp…
Montreal Exchange (September 23, 1991)
The mining and minerals index declined by more than 13 points and the market portfolio moved ahead by about a half-point during the week ended Sept. 17. Daily trading volumes were generally in the 4-m…