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…
News
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…
Atlanta plans to issue shares to replenish working capital
Subject to regulatory approval, Atlanta Gold (TSE) will complete a private placement of 1.25 million shares at $1 per share to two European investors. The placement also includes 1.25 million non-tran…
Alcan smelter
Startup of the Laterriere aluminum smelter at Chicoutimi, Que., was recently resumed by Alcan. Phase one should be fully operational by April 11, the company says; startup of the second phase will the…