Canamax gives nod to sale of Midway
Vancouver-based Canamax Resources (TSE) has agreed to sell its 24.5% stake in the Midway zinc- silver project in British Columbia to Regional Resources (TSE) for $1 million. As reported (N.M., Aug 7/8…
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TAX
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this a nalysis, tax specialists Barry Dent and J…
Terex to earn 30% of Eskay property
Toronto-based Terex Resources (ASE) recently optioned two separate claim groups in the Eskay Creek region of British Columbia about seven miles south of the gold discovery of Calpine Resources (VSE) …
Bond sells Yuba operation, plans new mine in Uruguay
London-based Bond International Gold (TSE), also known as BIG, has become a little smaller. After recently selling a portion of its Australian mining interests near Kalgoorlie’s “Golden Mile” area, BI…
Vipond Mine, Schumacher, Ont. c. 1920
The headframe is typical of the next stage in the evolution of mine headframes: it is completely enclosed. Enclosed headframes are also called shafthouses. The shafthouse keeps out the frost and the …
Sept 20, 1989 (September 25, 1989)
Ontario’s Ministry of Northern Development and Mines has approved 101 grants totalling $6.27 million for programs completed under the Ontario Minera l Explorat ion Program (OMEP) between April and Jun…
NOTE: add to end of Crown Butte story:
Crown Butte recently said that it had elected not to proceed with the previously announced public financing. Instead it arranged a private placement in the am ount of $2,150,000 consisting of special …
Tundra in Kirkland
Tundra Gold Mines (VSE) is conducting exploration programs on its Kirkland Lake area properties in Ontario. On the Shamrock property, two miles no rth of the K irkland Lake main break, an important go…
NovaGold stakes claims
NovaGold Resources (TSE) has staked 16 claims near Benjamin River and optioned 12 claims near Nash Creek. Both properties are about 60 km northwest of Bathurs t, N.B. On the Benjamin River property,…
Bitech set to drill Betts Cove property
A 5,000-ft diamond drilling program is scheduled to get under way this month on Bitech Corp.’s (ASE) Betts Cove property on the Baie Verte Peninsula in Newfou ndland. Situated about two miles southwe…
Set for one col box
Corona Corp. (TSE) has dropped its option on Claude Resources’ (TSE) Sturgeon Lake diamond property near Prince Albert, Sask. The termination of the option ag reement, which Claude says was unexpected…
Perrex gets financing
Perrex Resources (ASE) has signed a letter of intent with NIM and Co, a flow-through fund, for a $500,000 private placement of Perrex shares. T he money will b e used to fund exploration on Perrex’s I…