News

Toltec Resources (VSE) recently completed a private placement of 150,000 units at 80 cents per unit. Each unit consists of one share and one warrant exercisable at 80 cents during the first year and 9…

The tax treatment of reclamation expenditures was the focus of mining industry addresses to the federal government in this year’s pre- budget consultations in Ottawa. In a submission to Finance Minist…

Two private placements totalling $300,000 have been completed by Spirit Lake Explorations (ME) which plans to begin a surface drilling program on its Edwards gold project in Jacobson Twp., near Wawa, …

The Society for Mining, Metallurgy and Exploration (SME) is inviting papers for its 1992 annual meeting, Feb. 24-27, in Phoenix, Ariz. A preliminary abstract of 100 words should be submitted to the ch…

Although born and bred in England, Billiton Metals Canada’s new president, Andrew Flett, is no 0000,0509 stranger to Canada. As a university student, he spent a summer b a c k p a c k i n g from the e…

Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…

Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …

Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…

Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…

Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…

Michael Callahan, Angus Stewart and Stanley Ford appointed directors succeeding James Brown, Clive Brown and Ivan Christopher; Michael Callahan appointed president and Angus Stewart appointed secretar…

David Libby resigned as a director. A successor to be announced.