NEWS IN BRIEF Golden Arrow Resources Inc.
Golden Arrow Resources Inc. (GAW:VSE) and Yellow Band Resources Inc. (YBD:VSE) have amalgamated with Commonwealth Gold Corp. (CWC:VSE). Shareholders of Commonwealth common shares will be entitled to o…
News
More towns given special designation under OMIP plan
The communities of Atikokan, Manitouwadge and the Beardmore-Geraldton-Longlac-Nakina area have recently been designated under the Ontario Mineral Incentives Program (OMIP) special community component….
Caribou, zinc price factor in Breakwater’s financials
Low zinc prices and the closure of Breakwater Resources’ (TSE) Caribou lead-zinc mine in New Brunswick have taken a heavy toll on the Vancouver company’s 1990 financial results. After announcing a $64…
Aur plans 2 shafts at Louvicourt, surface drilling continues
Out of the news lately but still busy, the partnership of Aur Resources (TSE) and Societe Miniere Louvem (TSE) is moving fast toward the critical development stage at its Louvicourt Twp. base metal jo…
Kidd Creek find a textbook case
“The best place to look for a new mine is near one,” is a tried and true exiom of the business. And by the same token, new ore deposits are frequently discovered close by known ones. Indeed the histor…
Noranda moves 5 rigs on to Lynne in rush to complete winter
Noranda Exploration, a unit of Noranda (TSE), has moved five rigs on to the Lynne property, about one hour’s drive from this tourist town, in an attempt to delineate the deposit before spring breakup….
Cameco drops Marlin option
After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…
Great Lakes Minerals keys on advanced-stage projects
One of the new juniors growing by leaps and bounds is Great Lakes Minerals (TSE). Listed last July, the company already has three promising copper properties in the Keweenaw Peninsula of northern Mich…
Major Gen. cuts high grade gold
A half-metre-long intersection cut 24 grams gold per tonne (0,7 oz. per ton) in hole McV-91-3 at the Linjog prospect on the McVean Lake claim block in the Pickle Lake area of northwestern Ontario, Maj…
Treminco reports loss
Financial results for Treminco Resources (TSE) for the first half of fiscal 1990 show a loss of $264,000, which is slightly less than the $265,000 loss experienced for the first six months of 1990. Th…
Asarco plans more drilling for Taseko
A 12,500-ft. drill program is scheduled to begin in late May on Westpine Metals’ (VSE) Taseko copper-gold property, 140 miles north of Vancouver, B.C. The property is reported to contain preliminary r…
Ontario Unlisted Strike drilling
Queenston and Strike Minerals have signed a formal joint venture agreement on the Robertson Twp. base metal property near Matachewan, Ont., giving Strike a 40% interest in the project. The partners ar…