PROFILE Parres stockpiles his laurels
Whenever the subject of mining in Manitoba comes up, the Parres family is likely to be mentioned. Lew, for one, was dubbed prospector of the year for 1988 by the Prospectors and Developers Association…
News
NorthWest moves to cap cost of fuelling Colomac gold bet
NorthWest Gold (AMEX), a subsidiary of Northgate Exploration (TSE), has taken steps to limit the cost of fuelling its 200,000 oz.- per-year Colomac gold project in the Northwest Territories. As the pl…
Lyon begins testing large, low-grade gold deposit in Costa Rica
The first few holes of a 21-hole drill program on the Beta Vargas property in Costa Rica are confirming the presence of a large, low- grade gold deposit. Assays from Lyon Lake Mines’ (ME) first hole o…
Drilling company has followed fortunes of mining since 1926
One of the world’s most prolific underground and surface diamond drilling contractors, N. Morissette Canada Inc. has drilled more than 55 million ft. of diamond drill core since its founding in 1926. …
Mining active when Toronto was just an outpost
Thunder Bay, Ont., has played a direct part, as has all of Northern Ontario, in the mining community. In many respects, northern Ontario, as well as northern Quebec, have been the seminal geographic f…
Toronto Stock Exchange Oil price shock may foreshadow gold rally
Neither fear of a Mid-East war nor a sharp increase in the price of crude oil could engender much enthusiasm for gold stocks on The Toronto Stock Exchange during the week ended Oct. 9. But, in the cur…
Thunder Bay services exploration needs
Although mining has not historically been a key economic factor in the Thunder Bay area, exploration activity has continued to be strong with a significant growth trend. According to the Thunder Bay E…
Mining succeeds despite burdens being placed on it
To anyone who has never lived in the north, the importance of mining may not be readily apparent. There are no well-publicized statistics on the role mining plays in the economies of northern areas of…
Latest provincial budget put additional burdens on mining – Ore
The situation in Quebec has been rather quiet on the taxation front in the past year, except for the federal Goods and Services Tax (GST), where partisanship has stirred controversy. The 7% GST is now…
Dia Met discovers gem-quality diamond, location undisclosed
Kelowna-based Dia Met Minerals (VSE) has discovered a gem- quality macrodiamond and a cubic microdiamond within one of the company’s joint venture claim groups. Dia Met director Charles Fipke only ide…
Rouyn-Noranda sees growth in mining
Mining, and especially mining- related activities, are an expanding contributor to the economy of the Rouyn-Noranda district in Quebec, where minerals worth some $365 million were produced in 1989. Th…
INSIDER TRADING Pezim sells ahead of price decline
Murray Pezim may have had his wings clipped to some extent by an investigation into trading activity involving some of his companies. But the Vancouver promoter obviously hasn’t lost his sense of timi…