Falconbridge Gold pursues Canamax assets
Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …
News
Hillsborough, Brinco discuss merger
Lead-zinc producer Hillsborough Resources (TSE) and coal producer Consolidated Brinco (TSE) are negotiating a corporate merger. The two companies reported signing a letter of intent for the merger. Th…
Seven rigs on site Active drill program at New World project
With five core and two reverse circulation drill rigs at work, the New World gold-silver-copper project in Park Cty., Mont., ranks among the most active mineral projects currently being explored and d…
Large wollastonite find uncovered at Lac St-Jean
Exploration has uncovered a 100-million-tonne deposit of wollastonite in the Lac St-Jean region of Quebec. According to the Quebec Ministry of Energy and Resources, this figure makes the deposit the l…
EDITORIAL PAGE (August 19, 1991)
Canadians are being taxed into an economic grave. Perhaps it’s time to be taking a hard look at the likes of Algoma Steel. We certainly don’t envy the task of Earl Joudrie, its new chairman trying to …
Arimetco Int’l. completes debenture private placement
U.S. copper miner Arimetco International (TSE) has completed a private placement of US$8.75 million worth of convertible notes to finance development of its Van Dyke porphyry copper project in Arizona…
Carina, Manchester commence second-phase ROK exploration
A second-phase exploration program has started on the ROK property, an equal joint venture between Consolidated Carina Resources (VSE) and Manchester Resources (ASE). The copper-gold property is in th…
METAL PRICES (August 19, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 101.40 100.40 101.03 + 0.30 Sept 101.50 100.20 101.35 + 0.55 Oct 100.75 100.00 100.75 + 0.45 SILVER (in US ce…
Output up for Placer Dome, profit down
Despite increased gold production, Placer Dome (TSE) reported a substantial decline in this year’s first-half earnings from 1990 levels because of lower gold prices and a reduced contribution from bas…
New Mexican option for Chutine
As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…
NEWS IN BRIEF (August 19, 1991)
Vanex Resources Ltd. (VX:VSE) has changed its name to Poplar Resources Ltd. (PPX:VSE) with a consoli-dation of capital on a 1-new-for-4-old share basis.
LETTERS TO THE EDITOR (August 19, 1991)
The Odds `n’ Sods column “Revisiting Quebec’s north in the 1950s” (T.N.M., July 29/91) is an offensive and provocative article which The Northern Miner, with its long experience of the North country, …