Abermin bankruptcy unavoidable
Cash-strapped Abermin (TSE) recently announced bankruptcy under provisions of the Bankruptcy Act with Deloitte & Touche appointed as trustees. Company management had attempted for some time to refinan…
News
THE MOVE TO DECENTRALIZE; Ontario’s southern explorationists are
In July, 1986, Ontario Premier David Peterson announced that the Toronto offices of the Ministry of Northern Development and Mines, with the Ontario Geological Survey (OGS) in tow, was to be boxed and…
Epoch, Noranda sign joint venture deal
A joint venture agreement has been signed between Epoch Capital (VSE) and Noranda (TSE) to explore the Burnt Pond base metal property in central Newfoundland. Under the terms of the agreement, Noranda…
MinVen writes off Blackdome, but gold production continues
Denver-based MinVen Gold (TSE) has written down the carrying value of its Blackdome gold mine near Clinton, B.C., and is also looking to sell its one-third interest in the Golden Reward mine near Lead…
SUPPLIER’S NOTES (April 02, 1990)
Bailey Controls Group, through parent Elsag, has acquired a controlling interest in the Industrial Controls Division of Schlumberger Industries of France. A new company, Bailey SEREG, has been formed …
CONE CRUSHERS
Long ago stamp mills gave way to more refined crushing units. Today, there is a full range of primary and secondary crushing systems. Cone crushers for the mining industry are generally relegated to s…
Alberta Stock Exchange Northfield up 20 cents
Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…
For the Record
Every corporation and virtually every person keeps records, both personal and business. In fact, in today’s society there is a tendency to make multiple copies of everything and to put them in “the fi…
Teeshin acquires 100% of Dome Mountain
For the purchase price of $1.27 million, Teeshin Resources (VSE) has bought the remaining 33% interest in the Dome Mountain project near Smithers, B.C., from its partner Canadian-United Minerals (VSE)…
Wedged hole hits 0.5 oz. gold over 125 ft. at Fontana
Another drill hole on the Fontana property in northwestern Quebec has hit the high-grade (0.48 oz.per ton) zone intersected by Bay Resources and Services (ASE) three weeks ago. Hole JB-200A, a wedged …
Royal Oak officials angry as MacLellan offer spurned
An attempt by Vancouver-based Royal Oak Resources (TSE) to buy up the assets of bankrupt LynnGold Resources (TSE) was rejected recently by LynnGold’s trustee. Thinking that it could turn LynnGold’s Ma…
FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…