Partners continue Beaufor work
Bulk sampling, as well as more exploration and development, is planned for the Beaufor gold project 16 miles northeast of Val d’Or, Que. The bulk sampling, say 50-50 partners Louvem Mines (TSE) and Au…
News
New discovery at Petaquilla
Junior Adrian Resources (VSE) released assay results for eight holes drilled on its Petaquilla property before a break in field operations over the Christmas season. The Panamanian copper project is h…
Gold retains its global trading popularity
Gold lost its pivotal position in the international monetary system in August, 1971, when the U.S. formally suspended the dollars convertibility into gold. But even though it has lost its significance…
1993 A LOOK BACK — Mining pioneer dies
The Canadian mining industry lost its queen bee of prospecting with the death of Viola MacMillan. She was 90. MacMillan was president of the Prospectors and Developers Association of Canada for 21 yea…
1993 A LOOK BACK — McLaughlin mine milestone
The McLaughlin gold mine of Homestake Mining (NYSE) in California poured its two-millionth ounce in mid-October. The open-pit operation poured its first gold in 1985 and its one-millionth ounce in 199…
Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
NEWS IN BRIEF (January 03, 1994)
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.
Equinox merger
The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE). Each company has satisfactorily completed its due diligence review, though the proposal is still subject to ex…
Sutton placement
A private placement of 316,305 units at $25.50 each will net Sutton Resources (VSE) about $8.1 million. Each unit includes a share, plus a 2-year purchase warrant exercisable at $25.50 in the first ye…
Sask. okays two other projects — Midwest dead for now
There was mixed news from Saskatchewan as the provincial government announced its decision on the development of three proposed uranium mines in the north. Environment and Resources Minister Berny Wie…
EDITORIAL PAGE — Strapped for cash
As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…
Applicants sought for CEA awards
The Canadian Exporters Association (CEA) wants to honor Canadian companies contributing to international development in Africa, Asia, Latin America and the Caribbean. The 1994 Canadian Awards for Inte…