Canadian ore reserves quoted by Inco (TSE) for the year ending 1991 are 401 million short tons grading 1.44% nickel and 0.85% copper. Not high grade by any measure. Technical and organizational improv…
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Investors speculating on the Lac de Gras diamond play have been placed on tenterhooks again while experts assess the value of gems recovered from a kimberlite pipe underneath Point Lake, 200 miles nor…
Nova Gold Resources (TSE) says two projects, each using environmentally friendly processing technology, could provide capital this year for the cash-strapped junior if financing can be secured. The co…
Vancouver-based Canamax Resources (TSE) may be without an operating mine, but at least the former gold producer is going about its business with a debt-free balance sheet. With $14 million worth of de…
A spokesman for the union representing miners at the Westray coal mine in Nova Scotia says the mine could reopen. “I am sure there is a need for this type of low sulphur coal and we are taking the vie…
Pity the officers and directors of Consolidated Professor Mines. Their efforts since 1973 to make a mine in northwestern Ontario came tantalizingly close to fruition in 1989 but since then have been t…
Assay results are now being reported from a diamond drill program on the Vaughan project where Avondale Resources (VSE) and Candela Resources (VSE) are each earning a 25% interest from associated comp…
The president of Aur Resources (TSE), Jim Gill, recently moved into the market to buy up a block of shares just above the 52-week low of $1.93. According to the Ontario Securities Commission OSC Bulle…
A recently completed agreement gives New Canamin Resources (VSE) the right to acquire a 100% interest in the Huckleberry and Whiting Creek copper deposits owned by Kennecott. The two deposits are abou…
An approximate 33% ownership interest in MSV Resources (ME) is being sold by Northgate Exploration (TSE) in a deal which subsequently involves directly and indirectly several junior companies. Nova-Co…
Base metal markets are exhibiting signs that the long downturn may be nearing an end. Scrap generation is low and any pickup in demand must draw on relatively small inventories in producers’ hands and…
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