Mazarin subsidiary
Quebec-based junior Societe d’Exploration Miniere Mazarin (ME) is taking on a subsidiary to allow it to focus its attention on the LAC Knife graphite project near Fermont, Que. The subsidiary, Petro G…
News
..add to Corona supports Goldbelt
para 5 Goldbelt recently announced it had acquired a 100% interest in about 5,600 acres in the Stikine- Galore Creek region of northwestern British Columbia. The claims adjoin holdings by Cominco Ltd…
Glencairn scheduled to begin diamond production in Brazil
Glencairn Explorations (ASE) plans to begin diamond production from its Feijao Cru project in Brazil by May, 1990, with full production at a rate of 240 cubic metres per day scheduled to begin by Sept…
Drilling shows continuity of gold/silver at Biron bet
The second phase of drilling is under way at the Summit gold project in New Mexico where partners Biron Bay Resources (ASE) and NovaGold Resources (TSE) recently discovered a high grade oreshoot withi…
Takla negotiating for Nevada gold property
Calgary-based Takla Gold Mines (ASE) says it is in the final stages of negotiations to acquire a gold property in Nevada. No details regarding the new property acquisition were disclosed, except that …
Dominion seeks work sharing to avoid layoffs at N.B. mine
A decline in world antimony prices has forced Dominion Explorers (TSE) to seek federal government support for a work-sharing program at its New Brunswick antimony mine. Dominion said a 12% reduction i…
Metal snips (November 13, 1989)
Major world silver producer Peru is on a stockpiling binge. The country’s Central Reserve Bank is reported to be buying production from domestic mines a t a 5% price premium. The stockpiling of silver…
Snip viable only if Iskut River road is built
A green light for road access into the Iskut River gold camp of northwestern British Columbia is likely to mean approval for the Snip gold deposit. According to Prime Resources (VSE), which has a 40% …
Rockblasting ceremony marks start on new research centre
A recent rock-blasting ceremony on the Laurentian University campus marked the foundation of Ontario’s new, $53-million mines and minerals research centre. Scheduled to be completed by late 1991, it w…
Trelleborg, Sherritt
Officers of Sherritt Gordon (TSE) are still trying to confirm if Swedish mining giant Trelleborg has secretly acquired up to 9% of Sherritt’s common shares on the open market, a Sherritt spokesman tol…
Eskay gold values drop off base metals values continue
The latest assay results from the Eskay Creek project situated north of Stewart, B.C., are revealing lower grade precious metal values along with values in lead, zinc and copper. Eskay Creek is owned …
Denn’or, Orcana plan joint venture (November 13, 1989)
Juniors Exploration Denn’or (ME) and Orcana Resources (VSE) are negotiating to become joint venture partners in the exploration of two properties in the Val d’Or area of Quebec. The companies will exp…