AquaGold to produce limestone
AquaGold Resources (ASE) says it will concentrate on bringing the Glen Morrison limestone deposit near Sydney, N.S., into production after a reverse takeover of the company by Municipal Capital. Munic…
News
Staking reopens in four townships near Temagami
Although activity was noted around James, Best, Strathy and Cassels twps., Ont., by several observers on Jan. 7, the day the townships were reopened for staking, the number of claims staked will not b…
Madeleine seeking to file new applications for mine permits
Officials of Madeleine Mines (TSE) will meet in mid-January in Thunder Bay, Ont., with representatives of the Ontario Ministry of the Environment to allow the company to file new applications for the …
Falconbridge hits on Moneta ground
Drilling a 600-metre-long geophysical anomaly on Moneta Porcupine Mines’ (TSE) property in Godfrey Twp., near Timmins, Ont., Falconbridge intersected a narrow vein containing high-grade gold mineraliz…
On the level (January 13, 1992)
Before closing the books on 1991, there are still a few comments from readers that I’ve failed to address, including the following letter from Westmin Resources’ project geologist Paul Lhotka, Ph.D. “…
Pioneer debt settlements net gain
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) of Vancouver into the black for the 9-month period ended Sept. 30. Net earnings for the period were $12.4 mi…
Sulphur producers form export group
A new marketing organization has been formed by 27 Canadian sulphur producers. Prism Sulphur Corp. began selling western Canadian sulphur to markets outside of North America as of Jan. 1. Prism will i…
Miners downplay Guyana emergency’
Mining companies with properties in Guyana say they aren’t concerned about the recent postponement of local elections following allegations that the ruling Peoples National Congress Party (PNC) had ri…
Uranium price continues to fall
The price of uranium continued to decline, with dealer Nukem recording a November bid-offer price range for U3O8 of US$6.75-7.70 per lb. The mineral began 1991 priced below US$10. The current prices a…
Fort Knox raises additional $272,000
Most of the investors holding warrants in Fort Knox Gold Resources (TSE), including Inco (TSE), have exercised those warrants, raising $272,000 for further exploration on the Fawcett Twp. property nea…
Curragh sells assets to handle liquidity squeeze’
After returning from a skiing vacation in Wyoming, Curragh Resources (TSE) Chairman Clifford Frame has resumed discussions aimed at easing the zinc-lead-coal producer out of its financial plight. With…
LETTERS TO THE EDITOR (January 13, 1992)
In reference to the article “Air prospecting less in demand” (T.N.M., Dec. 2/91), it is true there is less flown now than in the past. But what people must realize is that now the quality of the colle…