Aur Res. claims massive writedown
A writedown of capitalized exploration and development costs incurred in prior years contributed to Aur Resources (TSE) reporting a loss for its fiscal year ended Sept. 30, 1990, of $40.9 million. Rev…
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Golden Marlin plans work on Hope claims
A winter exploration program on the Hope group of claims near Yellowknife, N.W.T., will allow Golden Marlin Resources (VSE) to earn a 50% interest in the property from Rayrock Yellowknife Resources (T…
U.S. REPORT Homestake, Goldstake prepare application
The two partners in the Whitewood Creek tailings reclamation project in South Dakota are preparing their application for a state mining permit. Homestake Mining (NYSE) and Goldstake Explorations (TSE)…
OBITUARY John Drybrough
John Drybrough, noted mining engineer, died recently in Winnipeg, Man. He was 94. Born in Scotland, Drybrough immigrated with his family to Canada in 1908, and had lived in Winnipeg since 1928. He hel…
Alberta Stock Exchange Douay dispute resolved
Partners Golden Rule Resources and Northern Abitibi Mining have settled a legal dispute with Inco, Cambior and Vior over optioning of a gold property in Douay Twp., Que. Under a new agreement, Inco an…
CIM’s lively symposium gets back to basics
The enthusiastic response to the Canadian Institute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium shows that the mining industry is anxious to get “back to basics.” About 150…
U.S. REPORT New rates apply to Asarco mine
A determination of new royalty rates applicable to about half of the production of the Mission copper mine of Asarco (NYSE) has been completed by the Arizona state land department, the company reporte…
Abitibi, Golden Rule settle Douay project
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have settled their legal dispute with partners Inco (TSE), Vior (ME) and Cambior (TSE). The legal dispute erupted between th…
Keno mines on hold
In view of recent silver prices, management of United Keno Hill Mines (TSE) decided not to begin commercial production at its silver-lead-zinc properties in the Keno-Galena Hills area of the Yukon. Th…
Akiko-Lori proposes merger with Bradner
By merging with Bradner Resources (VSE), Akiko-Lori Gold Resources (VSE) hopes to gain control of a major interest in Gold Canyon Resources (VSE). Akiko-Lori is offering to acquire all the outstanding…
Cream Silver sues B.C. government for compensation
As part of an ongoing battle with the British Columbia government, Cream Silver Mines (VSE) is taking the next step in its efforts to be compensated for the “expropriation” of its right to explore and…
Metalore files Brookbank appeal
Metalore Resources (TSE) has appealed to the Court of Appeal for Ontario in its bid to regain control of the Brookbank gold property which was awarded to Ontex Resources (ASE) following a trial last y…