Redfern, Cumberland drilling disappoints
A $300,000 exploration program funded by Redfern Resources (TSE) and Cumberland Resources (VSE) returned only low grade zinc and copper values from the Prairie River-Marlhill property near Terrace Bay…
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Tenajon, Westmin reach new agreement
The postponed agreement between Westmin Resources (TSE) and Tenajon Resources (TSE) for developing the SB gold-silver property near Stewart, B.C., is back on track. The two companies recently announce…
Black Swan edges in the black
Earnings for Black Swan Gold Mines (VSE) for the nine months ended Dec. 31 amounted to $7,000 on revenues of $3.4 million. No figures were given for the comparable period in the previous year. The 9-m…
Hazards facing explorationists include animal attacks, avalanches
There are few, if any, occupations that expose individuals to such a variety of hazards as mineral exploration does. Several characteristics of the exploration sector in Western Canada are probably un…
Vancouver Stock Exchange Calpine, Stikine, Prime active players
During the week ended March 20 the fortunes of the U.S. dollar continued to dominate the gold market as international investors flock into the currency. The U.S. dollar rose over 100 basis points to c…
Shutting down silver operations contributes to Agnico’s ’89 loss
Toronto-based Agnico-Eagle Mines (TSE) was forced last year to count the cost of shutting down its silver mining operations in Cobalt, Ont. After swallowing a fourth-quarter writedown of $17.7 million…
Reserves, grade up at Windy Craggy
Because of a boost in both the quantity and quality of reserves at the huge Windy Craggy massive sulphide deposit, owner Geddes Resources (TSE) is more confident than ever of a long life for its propo…
Galore Creek deal portends summer exploration rush
A series of transactions has enabled Goldbelt Mines (VSE) to increase substantially its land position in the Galore Creek camp, north of the Iskut River region in British Columbia. The company acquire…
Golden Tanager changes name to `Registry’
At a meeting on Feb. 26, shareholders of Golden Tanager Resources (COATS) voted to change the company’s name to Registry Resources, and to consolidate its issued common shares on a 1-for-2 basis. The …
Barrick loses round in fight with Gold Standard for mine
American Barrick Resources (TSE) appears to have lost a round in its legal battle with Utah-based Gold Standard (NASDAQ) because it didn’t file response papers on time with New York Supreme Court last…
Rio, Albino settle lawsuit
A former chairman of Rio Algom (TSE) has resolved his legal differences with the company. George Albino brought a $10-million wrongful dismissal suit against Rio after being removed from office in 198…
Letters to the Editor Canadian companies active in Arizona
The Arizona Department of Mines and Mineral Resources was very pleased to see that you used information included in our recent press release (T.N.M., Jan. 15/90). We were extremely disappointed, howev…