News

Public funding available in Rabbit Lake assessment

The federal government has awarded a total of $125,000 to participants in the federal environmental assessment of a proposed expansion at the Rabbit Lake uranium mine. The northern Saskatchewan mine i…


Hurdman stepouts follow zone

Stepout holes on the Hurdman Twp. joint venture property north of Timmins, Ont., have confirmed that the zinc-rich zone intersected in the first drill program (T.N.M., Jan. 20/92) of Noront Resources …


Arimetco placement raises $25 million

Copper oxide specialist Arimetco International (TSE) has raised $24.9 million via a private placement of 5.2 million special warrants at $4.75 each. Acting as underwriters were Midland Walwyn Capital …


Ottawa gold selling continues

All that government gold — 12.3 million oz. at the end of March — no longer glitters as it once did. However, despite depressed prices, there’s still a silver lining in those gold bricks gathering d…


LETTERS TO THE EDITOR (May 11, 1992)

In its 1990 annual report, Glimmer Resources stated it has reserves in Hislop Twp. in northeastern Ontario of 1.07 million tons (968,190 tonnes) grading 0.34 oz. gold per ton. When one compares this d…


TORONTO STOCK EXCHANGE INDICES (May 11, 1992)

May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…


Ontario compiles property directory

Ontario’s Ministry of Northern Development and Mines says it will be publishing property directories for each resident geologist’s district to help prospectors market their claims. The service is bein…


Gateway settles $450,000 debt

Gateway Uranium Mines (CDN) has issued 750,000 common shares to its creditors in order to settle a $450,000 debt. Gateway also reports that Vance White and Peter Vamos have resigned from the company’s…


Minefinders royalty

Minefinders Corporation (TSE) says it expects to receive royalties from a 2% net smelter return on the Dubuisson East property in Val d’Or, Que., as a result of Western Quebec Mines’ decision to proce…



NEWS ROUNDUP (May 11, 1992)

Recent drilling on the Higgins property in New Hampshire has outlined a low-grade sulphide deposit at least 700 ft. in length and 600 ft. in true width, says Morgain Minerals (VSE). Holes 92-5 to 92-1…


M.I.M. bidding to reduce costs

Integrated Australian metal producer M.I.M. Holdings is slashing costs and introducing new technology in a bid to cope with the slump in metal prices, says Chief Executive Officer Norman Fussell. In a…


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