Trimin increases stake in Hanson Lake
By acquiring an additional 8.39% interest in the Hanson Lake property in northern Saskatchewan, Trimin Resources (VSE) has increased its interest in the copper-zinc deposit to 32.9%. The company picke…
News
Editorial MDS’s need help
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the …
Bonanza probing old Poirier mine
Quebec junior Bonanza Metals (COATS) has started an 8,000-m drilling program on the past-producing Poirier copper-zinc property near Joutel in northwestern Quebec. The program is being funded by a rec…
Sulphur prices down
Prices for sulphur on international markets have declined amidst contractural differences between Morocco and India over the cost of phosphoric acid. Morocco imports sulphur to mix with its naturally …
Trader has reserves
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
Nevada Goldfields shuts mine due to low reserves, grade
Nevada Goldfields Corp. (TSE) has shut down its Kingston gold mine in Nevada. Citing lower grades and the failure of exploration to define additional reserves, Nevada Goldfields was forced to close th…
Ont. premier against Falconbridge takeover
Ontario Premier David Peterson may not like the proposed Amax Inc. (NYSE) takeover of Falconbridge Ltd. (TSE), but he may be powerless to stop it. Peterson, in Timmins, Ont., recently, was asked about…
Sherritt expanding coinage facilities
Plans to spend $10 million to expand its coinage facilities at Fort Saskatchewan, Alta., have been announced by Sherritt Gordon (TSE). The major expenditure will be on the nickel-bonded-steel coinage …
Editorial Foreign capital enhances opportunities
It’s hard to imagine an issue that rings as truly Canadian as the impending sale of Falconbridge Ltd. to U.S.-based Amax Inc. It has all the elements of the traditional struggles between commerce and …
Analyst’s figures show Amax takeover candidate despite debt
Although some in the mining industry find little merit in Noranda Inc. (TSE) making a takeover bid for Amax Inc. (NYSE), the acquisition still makes economic sense, according to Eric Zaunscherb, base …
Ego option deal
Toronto-based Ego Resources (TSE) has optioned a 17-claim gold- silver property near Brislane Lake, N.W.T., from Initiative Explorations (COATS). The agreement gives Ego the right to earn a 100% undiv…
New X-Cal find
A new gold discovery has been made by X-Cal Resources (TSE) on the company’s Snowbird property near Fort St James, B.C. Located 1,600 ft east of the East zone, the new gold-bearing zone is within a gr…