Phelps, Scotia plan to drill targets
Phelps Dodge of Canada, a unit of Phelps Dodge (NYSE), has signed an agreement to option a 51% interest in each of three Nova Scotia properties from Scotia Prime Minerals (ASE). The agreements pave th…
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Thunderwood aims to drill gold, base metal prospects
Working hard to become an operating mining company in the near future is Thunderwood Resources (TSE). Management’s goal is to aggressively develop top quality mineral properties in areas with establis…
Busby steps down from juniors
Donald Busby, a well-known promoter and financier, has resigned as a director of International Mahogany (TSE) and Kap Resources (VSE). International Mahogany holds a 70% interest in the Jolu gold mine…
U.S. REPORT Pegasus to option Fischer property
A letter of understanding has been signed by Pegasus Gold (TSE) and Fischer-Watt Gold (NASDAQ) allowing Pegasus to earn a 77% interest in the Emigrant Gulch prospect in Park Cty., Mont. To earn the in…
U.S. REPORT Bend project-Wisconsin NDU seeks partner for expensive
Vancouver-based NDU Resources (VSE) is seeking a major partner to finance its share of exploration and development on the Bend copper-gold deposit in Taylor Cty., northern Wisconsin. To date, NDU has …
Audrey considers alternate mining proposal for Mobrun
Still waiting for Minnova’s (TSE) response to feasibility results on the Mobrun polymetallic mine, Audrey Resources (TSE) is considering an alternate mining proposal which would limit the operation to…
Norex seeking more partners
Noranda Exploration (Norex) plans to spend $75-80 million this year for grassroots exploration in North America says President John Harvey. Noranda Exploration conducts mineral exploration on behalf o…
China plans new copper smelter
A new 100,000-tonne-per-year copper smelter, to cost US$150-200 million, is being planned for China by CNNC Shanghai Smelter, the Cable and Wire Group of Shanghai, and Philipp and Lion, the publicatio…
Holmes elected chairman of OMA
The Ontario Mining Association (OMA) recently elected Warren Holmes to serve for a 2-year term as its new chairman. Holmes is vice-president and general manager of Falconbridge Ltd.’s Kidd Creek base …
Cominco, Redfern planning more deep drilling at Tulsequah Chief
The details have yet to be finalized, but Cominco (TSE) and junior partner Redfern Resources (TSE) are planning a 1991 drilling program for the Tulsequah Chief massive sulphide project in coastal nort…
Cameco layoffs
As part of a plan to further downsize and streamline its Ontario fuel services division, Cameco is laying off 58 employees this summer at its Blind River and Port Hope operations. The downsizing will …
Underground cheaper than pit at Kutcho: American reserve
A preliminary report on the Kutcho Creek copper-zinc massive sulphide property indicates the deposit could be mined using underground methods with lower capital and operating costs than an open pit op…