Sphinx plans West African acquisition
Under an agreement with Tai-Pan Resources, Societe Miniere Sphinx (ME) will purchase a 51% interest in the Bakolobi gold project in Mali, West Africa, for $2.2 million. The agreement expires in June. …
News
Sheridan hires Greenspan for Madeleine case
Edward Greenspan, the Toronto criminal lawyer hired to represent Madeleine Mines (TSE) and company President Patrick Sheridan, says they will enter a plea of not guilty to charges that they violated O…
Queenston financed for Robertson plan
Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the…
New Brunswick hosts Rock Room
The New Brunswick Prospectors and Developers Association will showcase the province’s exploration activity at the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC) …
Success in Republic camp spills into southern B.C.
Prospectors active in southern British Columbia are reporting a flurry of staking activity in the Okanagan district, a region considered prospective to host skarn-type or epithermal vein-type precious…
Third quarter up for Imperial
Net income of $238,000 was reported by Imperial Metals (TSE) for the quarter ended Dec. 31. The results compare with earnings of $13,000 for the corresponding quarter in 1989. Earnings for the 9-month…
Good copper hole at Deak’s Magusi
Shares of Deak Resources (TSE) rose to new highs after the company reported an intersection of 32.5 ft. grading 3.3% copper from follow-up drilling on its Magusi base metal property in northern Quebec…
Williams reserves up by 600,000 oz.
Last year’s exploration program at the Williams gold mine near Hemlo, Ont., outlined enough ore to replace 1990 production. This is all Corona (TSE) spokesman Brian Hay was willing to say about explor…
Hydro obliged to save jobs at Elliot Lake: union boss
The Ontario director of the United Steelworkers of America says Ontario Hydro has an obligation to protect the livelihoods of 660 mine workers who still have jobs at Denison Mines’ (TSE) Elliot Lake, …
Asiatel options Middlemarch
A junior under the corporate umbrella of Prime Equities (VSE) recently acquired an option to acquire a 60% interest in the Middlemarch property owned by West Pride Industries (VSE). Asiatel Media (VSE…
Miners strike at Cassiar mine
Union employees at the Cassiar mine in northern British Columbia rejected a new collective agreement offered by a unit of Princeton Mining (TSE) and stopped work on the evening of March 1. .TThe propo…
Gold Commissioner cancels Eurus claims
The British Columbia Chief Gold Commissioner recently ordered the cancellation of the Alpha, Beta, Rho, Gamma, Epsilon and Omega claims held by Eurus Resource (VSE) in the Eskay Creek camp north of St…