Denison plans restructuring
As a first step toward restructuring, Denison Mines has reached an agreement with the federal and Ontario governments, corporate lenders, the Canadian Mortgage and Housing Corp. (CMHC) and the Ontario…
News
Sutton drilling in Tanzania
Tribal conflict in Rwanda is not affecting the pace of work on the Kabanga and Kagera projects in neighboring Tanzania, reports Sutton Resources (TSE). Partner BHP Minerals is carrying out a US$4-mill…
NEWS ROUNDUP — Canmine drilling continues
Three holes, drilled on 100-metre centers, have been completed on Canmine Resources’ (ASE) Fer base metal property in northern Manitoba. A fourth, 100-metre stepout hole is under way. The three holes …
NEWS ROUNDUP — High River Gold raising $10-m
Toronto-listed High River Gold Mines is selling 4.2 million special warrants at $2.40 each to raise $10 million. The underwriters have an option to acquire another 840,000 special warrants at the same…
NEWS ROUNDUP — Echo Bay in Bolivian venture
Echo Bay Mines (TSE) will finance exploration of an extensively mineralized district in Bolivia where several gold occurrences were recently identified. The major can earn a 51% interest in the Altipl…
ODDS’N’SODS — Conditioning comes in handy
Late on a December evening in 1946, while I was deeply involved in study in the basement of our house, I received a phone call from H.L. Batten, managing director of Canadian Exploration Ltd. Batten a…
Boart amalgamates Canadian holdings
South African-based Boart International has amalgamated three Canadian companies: Boart Canada, Longyear Canada and N. Morrissette. Boart Canada, with head offices in Mississauga and Lively, Ont., ser…
LETTERS TO THE EDITOR — Requiem for a mining legend
Recently, I had to say goodbye to a good friend whose untimely death shocked everyone who knew him. He was a true entrepreneur who had the courage and foresight to expand his business during recession…
Memorial at Kirkland Lake
After six years of work by artists and fundraising efforts, a Miners’ Memorial was unveiled recently at Kirkland Lake, Ont., which is celebrating its 75th anniversary. The president of local 4584 of t…
Polaris tops salary list
The wealthiest community in Canada is the Polaris mine site on Little Cornwallis Island in the Arctic, according to Statistics Canada. The federal government agency says that the median income in 1992…
DIAMOND PAGE — Crystallex gets permits for Albino
Through a wholly owned operating subsidiary in Venezuela, Crystallex International (VSE) has obtained all permits necessary to begin mining on its Albino concession in the Kilometre 88 district. Venez…
Noble Peak raises money
Alberta-listed Noble Peak Resources is raising $400,000 through a private placement of flow-through common shares. The company recently optioned ground to Cyprus Canada, a unit of Cyprus Amax Minerals…