The board of directors of Eastmaque Gold Mines (TSE) has set the 30-day special conversion period for the company’s convertible preferred shares to begin on Nov. 19. The special conversion allows conv…
The continuing Persian Gulf oil crisis may have dimmed prospects for lead and zinc, but a repeat of the 1974-75 and 1979-82 periods, when prices fell sharply and then remained depressed for a number o…
A new discovery located 2,600 ft. west of the Eagle shaft and on claims wholly owned by AgnicoEagle Mines (TSE) has recently been announced by the company. The extensive landholdings in Joutel Twp., Q…
An agreement to end a 6-month lockout at Westminer Canada, Chibougamau, Que., copper-gold mines is likely to be signed within the next week, according to Tony Owens, vice-president of operations. He s…
Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced…
A group of businessmen gathered in a downtown Toronto hotel room recently to discuss the future prospects for junior exploration company International Baslen Enterprises (ASE). The informal meeting wa…
Drilling success on the New World property this year has Crown Butte Resources (TSE) predicting a substantial increase in reserves from those reported at the end of the 1989 program. Recent drilling a…
The last of Ontario’s great races from claim staking to the mining recorder’s office turned out to be little more than a race to the telephone. The biggest problem was finding a telephone. When 2,400 …
A preliminary agreement has been reached between Ressources Miniere Forbex (ME) and Minnova (TSE) regarding the optioning of property in Beauchastel Twp., near Rouyn-Noranda, Que. The agreement will g…
Underground drilling of the AK zone on the Inel project in the Iskut River area of northwestern British Columbia is returning mixed results for partners Avondale Resources (VSE) and Gulf International…
The latest batch of drill results from the Lightning zone of the Holloway project owned 60/40 by Noranda (TSE) and Freewest Resources (TSE) confirm a major gold deposit with significant widths is taki…
A 4-hole drill program is under way on Aurora Gold’s (ASE) Best Chance copper property in the Yukon Territory. The company hopes to increase minable tonnage on the property by testing a possible south…
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