The next move in the Amax Inc. (NYSE) takeover bid of Falconbridge Ltd. (TSE) would appear to belong to Noranda Inc. (TSE). The mining and forestry giant, which is Falconbridge’s largest shareholder w…
Corona Corp. (TSE) says it has been advised by the Supreme Court of Canada that a decision on the final appeal by LAC Minerals (TSE) concerning ownership of the Williams gold mine at Hemlo, Ont., was …
By acquiring an additional 8.39% interest in the Hanson Lake property in northern Saskatchewan, Trimin Resources (VSE) has increased its interest in the copper-zinc deposit to 32.9%. The company picke…
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the …
Quebec junior Bonanza Metals (COATS) has started an 8,000-m drilling program on the past-producing Poirier copper-zinc property near Joutel in northwestern Quebec. The program is being funded by a rec…
Prices for sulphur on international markets have declined amidst contractural differences between Morocco and India over the cost of phosphoric acid. Morocco imports sulphur to mix with its naturally …
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
Nevada Goldfields Corp. (TSE) has shut down its Kingston gold mine in Nevada. Citing lower grades and the failure of exploration to define additional reserves, Nevada Goldfields was forced to close th…
Ontario Premier David Peterson may not like the proposed Amax Inc. (NYSE) takeover of Falconbridge Ltd. (TSE), but he may be powerless to stop it. Peterson, in Timmins, Ont., recently, was asked about…
Plans to spend $10 million to expand its coinage facilities at Fort Saskatchewan, Alta., have been announced by Sherritt Gordon (TSE). The major expenditure will be on the nickel-bonded-steel coinage …
Since production began in 1983, Placer Dome’s Detour Lake mine has turned out more than half a million oz of gold. Pictured here with the gold bars that con tain the 500,000th oz are (left to right) T…
A bulk sampling program completed on the former-producing Simkar property near Val d’Or, Que, yielded an average recovered gold grade of 0.217 oz gold per ton. Partners Louvicourt Gold Mines (COATS) a…
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