Correction (January 01, 1990)
Contrary to what was reported (N.M., Dec 25/89), Toronto-based Dundee-Palliser Resources (TSE) is not earning a 50% stake in VSM Exploration’s (ME) Grevet Twp. zinc project in northwestern Ontario. Du…
Articles by Northern Miner Staff
VSM, Onitap deal
VSM Exploration (ME) has signed an option agreement with Onitap Resources (TSE) which gives VSM the right to earn a 50% interest in Onitap’s 118-claim property in Tonnancourt and Josselin twps., Que. …
Golconda bullish on results from California gold project
Golconda Resources (ASE) says it has been encouraged by results at its Star City gold property in California where the next exploration phase will involve an attempt to outline open pit reserves. Golc…
Mining Man of the Year Gill’s place secure as Louvicourt discoverer
As a rookie scuba diver and recent explorer of Australia’s Great Barrier Reef, James Gill, 40, is already dreaming of looking for hidden treasures in shipwrecks deep beneath the Caribbean. But even …
OSC charges 24 in Osler collapse
Charges dealing with securities offences related to brokerage house Osler Inc. which collapsed in 1987 with debts of about $60 million, have been laid by the Ontario Securities Commission (OSC) agains…
Prefeasibility shows potential for Mel project
Operating costs at Breakwater Resources’ (TSE) Mel zinc property have been estimated at $18 per tonne for the open pit and $32 per tonne for the underground operations. The recently completed prefeasi…
Base metals demand not expected to fold
During the 10-year period 1978- 88, South Africa’s Krugerrands (and other gold coins) went from accounting for 84% of the gold used in the production of gold coins to 13%. The Gold Institute of Washin…
Bachelor Lake losses reflect mine closure
A decision by Bachelor Lake Gold Mines (TSE) to place its mine at Desmaraisville, Que., on standby was reflected in the Toronto company’s recent financial results. Bachelor Lake reported a loss of $2….
Card, Barrick deal
Card Lake Resources (COATS) has signed an option agreement with American Barrick Resources (TSE) concerning Card Lake’s property in Harker Twp., Ont. The Harker property is 2.5 miles west of Barrick’s…
Musselwhite not economic, Placer shelves project
The Musselwhite gold project in northwestern Ontario won’t be given the construction green light this winter, say owners Placer Dome (TSE), Inco Ltd. (TSE) and Corona Corp. (TSE). Following the recent…
Denison sale stalled
Denison Mines (TSE) says a deal to sell its oil and gas assets in Spain has been terminated and the company is engaged in discussions with another prospective buyer. The previous deal was expected to …
Editorial What was under the tree
For those who received Christmas gifts that might best be described as useless, consider some of the nifty selections Japanese marketers were able to unload during the holiday season. One that parti…