Government funds new quarry
Palin Granite Canada has been granted $600,000 from the Northern Heritage Fund Corp. (NOHFC) to develop and operate a new granite quarry near Kenora, Ont. The quarry project has created five new jobs …
News
Sunburst announces share acquisition
Shareholders of Sunburst Resources (CDN) have approved the acquisition of all outstanding common shares of ALPS Group and the issuance of 540,000 common shares of Sunburst to Adevam Investments. ALPS …
Barrick shuts down Camflo after 29 years of operation
After 29 years of operation, the Camflo gold mine in northwestern Quebec is about to hoist its last load of ore. In October, 1963, the first bench of Camflo’s main shaft was blasted. Toward the end of…
Aronos, numbered company negotiate private placement
A numbered company has agreed to a private placement of up to one million units of Aronos Multinational (CDN). The numbered company has agreed to purchase a minimum of 500,000 units, each of which con…
Expert cautions investors in Russia’s resource sector
Mining can be a high-risk business especially in the former Soviet Union, said Neil MacFarlane who addressed a small group at Queen’s University on Sept. 25, 1992. A study being carried out by him at …
LETTERS TO THE EDITOR — Broker-Dealers adhere to rules of
I was amazed by the lack of knowledge displayed by M.R. Brown in the article “Warding off penny dreadfuls” (T.N.M., Sept. 14/92). While I’ve never met Mr. Brown I would venture to guess he is an indiv…
Hecla gets permits for Grouse Creek
Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…
METAL MARKETS — Nickel producers contemplate cutbacks
In their anxiety to protect local currencies, governments are juggling interest rates which will, in the short term, further cramp economic recovery, particularly in Europe where companies will hedge …
Huckleberry drilling detects better grades at deposit’s core
Exploration on the Huckleberry property under option to New Canamin Resources (VSE) indicates that the previously drilled property has a higher-grade core, with drilling returning a number of wide goo…
Adrian expands Petaquilla potential
Recent stepout drilling on the Petaquilla project in Panama indicates a recently completed estimate of the project’s geological resource is open to considerable expansion, according to Adrian Resource…
U.S. REPORT — Shaft planning under way — Field work begins
Slated for initial production in late 1995 and full production the following year, American Barrick Resources’ (TSE) Meikle mine has moved beyond the study stage. Field work has begun. Rod Pye was app…
Yellowknife benefits from diamond rush
The exploration boom in the Northwest Territories is having a dramatic impact on select businesses in Yellowknife, but the capital city is not expected to enjoy any widespread economic fallout until m…