News

David Miller and John Brock appointed directors.

Alex Balogh appointed chairman.

Robin Matthews appointed director.

Peter Gummer appointed director and vice-president, exploration.

A second kimberlite pipe has been found by Sudbury Contact Mines (TSE) in the Kirkland Lake area of northeastern Ontario, the junior says in its quarterly report to shareholders. A 63-kg sample, taken…

The global reserve potential of the Brewery Creek property near Dawson, Yukon, will be further evaluated this fall by partners Hemlo Gold Mines (TSE) and Loki Gold (VSE). A first-phase $400,000 progra…

A Mexican property considered prospective for a bulk-tonnage gold deposit was recently optioned by Victoria Resource (VSE), which staked additional acreage surrounding the original claim block. The le…

Bulk samples taken from Founder Resources’ (VSE) 100% owned Blackwater property near Jellicoe, Ont., have returned polymetallic mineralization over an average width of 4 ft. Sample J406, for example, …

Frustrated with a lethargic gold price and the difficult task of maintaining reserves, some of Canada’s largest gold producers are turning to base metals for future growth. Placer Dome has made no sec…

I agree with concern over the proposed labor laws in your editorial “Driving Directors Away” (T.N.M., Aug. 24/92). The ridiculous situation can leave a responsible individual, who is spending time and…

Going to court is expensive. The parties involved have to pay the direct fees, which add substantially to the cost of doing business for the mining industry. There is no reliable estimate of the amoun…

Citing dismal prospects for the nickel market and Inco’s (TSE) high production costs, several analysts are issuing strong sell recommendations on shares of the world’s largest nickel producer. Indeed,…