Asamera still for sale
Although the sale of Asamera Minerals (TSE) recently fell through, the company says it has received indications of interest from various parties regarding the purchase of the company. Corona (TSE) had…
News
Record earnings for Cyprus
Earnings of US$250.1 million, or US$6.06 per share, were reported by Cyprus Minerals (NYSE) for the year ended Dec. 31. The record earnings compare with 1988 earnings of $170 million, or $4.21 per sha…
Metina releases first holes from Belleterre nickel bet
Toronto-based Metina Developments (VSE) and affiliate Manridge Explorations (TSE) are encouraged by recent drill results at the Gouboury Twp. copper-nickel project in the Belleterre region, 100 miles …
Books in Review Papers from effluent treatment seminars
For every ounce of gold poured in Canada, the average gold mine produces about 4.2 tonnes of mill tailings. And for 52 of the 65 gold mills operating in the country, this solid-liquid mixture contains…
Cameco exercises Golden Rule option
Saskatoon-based Cameco has given notice to Golden Rule Resources (TSE) that it will exercise its option to purchase the latter company’s 30% interest in the Fork Lake and Transom Lake gold projects, n…
Shamrock exploring Idaho gold deposit
A small low-grade gold deposit in Idaho could be developed by Vancouver-based Shamrock Resources (VSE) and United States Antimony (NASDAQ) if results of a prefeasibility study under way are positive. …
Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
Orex has two-phase plan for Goldboro development
In the midst of an underground 99-hole drilling program, Exploration Orex (ME) is confident the results will allow it to continue its 2-phase program to bring its Goldboro gold project in Nova Scotia …
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…
NovaGold production
More than 1,000 kg of metal production has come from the Murray Brook gold-silver mine, operated by NovaGold Resources (TSE) in New Brunswick. The open pit mine has been in production for four months….
Chevron shuts mine
Because of the deteriorating uranium market, Chevron Resources, a unit of Chevron (NYSE), has decided to shut its Mount Taylor mine near Grants, N.M. The mine will be placed on standby with ventilatio…
Montreal Exchange Market in decline
A gloomy investment mood seemed to prevail for the week ended Jan. 23, with the mining and minerals index off 72.7 points. The market portfolio lost ground as well, dropping 35.8 points. Daily trading…