TGA, tightens hold on Parlake Resources
TGA Management, a private company that owns a controlling 19.5% stake in Parlake Resources (TSE), is preparing to tighten its hold on the Toronto-based junior exploration company. Under an agreement w…
News
Crown sticks with exploration as best route to growth
Exploration-oriented juniors which make the transition to gold producers without stumbling are few and far between. Crown Resources (VSE) is something of an anomaly, in that the company has yet to suf…
Investors lose enthusiasm for precious metal silver
For the third time in as many years, the annual average New York (Handy & Harman) price for silver in 1990, at US$4.82 per oz., was lower than for the previous year, the Silver Users Association of Wa…
LETTERS TO THE EDITOR Developments show true value of junior
Several recent developments well illustrate the true value of exploration to the junior mining sector. Early in January, Queenston Mining and Strike Minerals announced the discovery of a new massive s…
ROM plans new earth sciences display gallery
The Royal Ontario Museum (ROM) has launched a $5-million fund-raising campaign to develop a new earth sciences gallery. Intended to replace the ROM’s old geology and mineral galleries, closed 10 years…
Omenica holdings make Major General significant landholder
In less than three years since its humble beginnings as a one property, private company, Major General Resources (VSE) is now one of the largest property owners in B.C’s promising Omineca porphyry cop…
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…
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….