Ego drill results
A recent hole drilled to test the easterly plunge of a small zinc deposit on Ego Resources’ (TSE) property near Great Slave Lake, N.W.T., has yielded 56 ft. grading 9.3% zinc, 0.22% copper and 1.28% l…
News
Letters to the Editor O’Neil answers two challenges to Bill 71
In last week’s issue you printed a prominent paid advertisement criticising several aspects of Bill 71, the amendments to Ontario’s Mining Act. The nature of the criticism seems to ignore the close wo…
Noranda, Akiko proceed at Springpole property
Although three recently completed holes on the Springpole gold project, 70 miles east of Red Lake, Ont., failed to return any significant results for 50/50 partners Noranda (TSE) and Akiko-Lori Gold (…
Milestone Res. claims Birch Lake ground
Claim staking and optioning around Birch Lake, Ont., have allowed Milestone Resource (COATS) to increase significantly its ground position in the area. The company has optioned 46 claims from Falconbr…
Minority shareholders fear misappropriation
A group of seven shareholders representing 21.7% or about 1.3 million shares of Seven Mile High Group (VSE) have obtained a court order calling for an inspection of the company’s books. The order was …
Metal snips Tenneco expanding soda ash operation
A joint venture will be formed between Tenneco Minerals and Asahi Glass Co. of Japan to acquire Tenneco’s Green River soda ash facility in Wyoming and expand annual production by 600,000 tons, or 48%….
Acadia wins Hecla’s Canadian interests
Having recently elected a new board of directors, Acadia Mineral Ventures (TSE) is entering into an agreement in principle with Hecla Mining (NYSE) whereby Hecla will transfer all of its interest in c…
Delegates enjoy PDAC convention events
An expected shakeout in the exploration business appeared to have little effect on the level of interest in this year’s Prospectors and Developers Association of Canada Convention in Toronto. More tha…
Ungava acquires iron ore deposit
Optimistic about the future of the iron ore market, Ungava Iron Ores, a newly formed private company, has acquired a significant iron ore deposit at Hopes Advance Bay in northern Quebec. The Ungava de…
Alberta Stock Exchange Gateford doubles
Chromite explorer Gateford Resources saw its share price double to 65 cents on volume of more than a million shares during the week ended Mar 13. Gateford and its private affiliate Canchrome Mines are…
Breakwater issues flow-through shares
Flow-through shares with a value of up to $1 million will be issued by Breakwater Resources (TSE) to CMP 1990 Resource Partnership, at a negotiated premium to the average market price of Breakwater sh…
NO HEADLINE (March 12, 1990)
TEXT: About to enter production is the newest of Canada’s northern mines, the ambitious Colomac gold project of ABM Gold (AMEX), which is 50% owned by Northgate Exploration (TSE). The mine is located…