Mine rescuers are recognized
A ceremony was held recently in Kirkland Lake, Ont., to recognize the bravery and dedication of 145 people who worked for 77 days in late 1993 and early 1994 to recover the bodies of two miners killed…
News
Yorbeau suspends mining at Astoria
In order to concentrate on minesite exploration, Yorbeau Resources (TSE) has suspended production at its Astoria gold mine near Rouyn-Noranda, Que.Initial results on the exploration program include an…
Inco options the Mag Lake property from Noble Peak
Midasco Gold, an affiliate of Noble Peak Resources (ASE) and Dejour Mines (TSE), has struck a deal with Inco (TSE) to explore the Mag Lake base metal property in the Northwest Territories.The nickel g…
STOCK MARKETS — Canadian projects fuel western markets
Even though junior companies have headed off to every corner of the world in search of new mineral discoveries, the most active issues on western markets continue to be those with properties surroundi…
Golden Shamrock buying into Tasmanian mine
An agreement to buy a 22% interest in an advanced gold project in Tasmania has been signed by Golden Shamrock Mines (TSE). The project, known as the Beaconsfield joint venture, is managed by Australia…
LABRADOR NEWS ROUNDUP — Fairstar to examine two zones
Geophysical results from Voisey Bay-area properties wholly owned by Fairstar Explorations (ME) show two anomalous zones on the company’s North block of claims near the Kingurutik River.The first zone …
Camnor and Gold Giant work Wilby
Two of five holes drilled in the Wilby zone on the Willoughby property near Stewart, B.C., have returned significant gold values.Vancouver-listed partners Camnor Resources and Gold Giant Minerals repo…
First Dynasty completes financing
The securities commissions of Ontario, British Columbia and Alberta have approved the distribution of just over 4 million shares and 4 million warrants to purchase common shares of First Dynasty Mines…
Prime takes piece of Western Copper
An agreement between Prime Equities International (VSE) and Teck (TSE) will result in a change in control for Western Copper Holdings (TSE).Teck holds 2 million shares of Western Copper and plans to s…
Mines ministers agree on need to reduce red tape
The 52nd annual conference of mines ministers, held recently in Saskatoon, Sask., bore uncommon fruit this year: agreement between the ministers and industry representatives on the need to cut regulat…
Golden Tag options Red Lake claims
Options on two blocks of claims near Red Lake, Ont., have been taken by Golden Tag Resources (VSE).The first, a block of eight claims in Dome Twp., covers the northern tip of McKenzie Island and the s…
DIAMOND NEWS ROUNDUP — Third kimberlite uncovered at Cross diamond joint venture
Exploration on the Cross property in the Northwest Territories has led to the identification of a third kimberlite pipe for partners Ashton Mining of Canada (TSE), Tenajon Resources (VSE) and Pure Gol…