Fleck seeks partner
Fleck Resources (VSE) is seeking joint venture offers for its Dunka Road base metals deposit in Minnesota. An in-house reserve estimate concludes the deposit hosts 170 million tons of material grading…
News
Earnings Report (August 07, 1989)
Teck Corp. (TSE) recorded a net earning of $25 million or 31 cents per share in the quarter ended June 30. In the same quarter of last year Teck’s earnings were $20.9 million or 26 cents per share. R…
Nuclear fuel conference
The International Conference on Nuclear Energy will be held Oct 15-17, 1989 in Charleston, S.C. Nuclear fuel production, inventories, supply and price trends will be among the topics of discussion.
Armistice interested in nearby Kerr mill
A junior mining company exploring property at Virginiatown, Ont., is expressing an interest in acquiring the adjacent Kerr Addison property and mill. Armistice Resources (ME) says it is discussing a l…
Cassiar Mining earnings soar
Cassiar Mining Corp. (TSE) reported net earnings of $17.87 million or 98 cents per share for the 6-month period ended June 30, compared with earnings of $5.32 million or 31 cents per share for the c…
Editorial Flow-through program needs support
From 1983 to 1988, flow-through funded exploration programs in Canada led to the discovery of more than 200 mineral deposits resulting in the creation of 115 advanced stage exploration projects, accor…
Borealis suing NIM for sale of shares
Legal proceedings have been launched by Calgary exploration company Borealis Exploration (ASE) against NIM Management Ltd., and a number of its partnerships and mutual funds. In the law suit, Borealis…
New reserve calculation expected for Chu Chua
Recent drilling by Minnova Inc. (TSE) is expected to translate into an increase in contained tonnage for the Chu Chua massive sulphide project located near Kamloops, B.C. The property is located withi…
Bachelor Lake halts mining at Desmaraisville operation
Bachelor Lake Gold Mines (TSE) expects to lay off about 93 contract and company personnel after calling a halt to its mining operations at Desmaraisville, Que. Following a 2-week “clean up” phase, the…
Redaurum, Sabina plan Dumont deal
Toronto-based Redaurum Red Lake Mines (TSE) is hoping that a proposed transaction with Sabina Resources (VSE) and Dumont Nickel Corp. (ME) will increase the company’s future growth potential. Under th…
Rio Algom acquires foothold in Continental Gold
Proving speculators right, Rio Algom (TSE) has acquired an initial interest in Continental Gold Corp. (VSE) and its 70%-owned Mt. Milligan gold- copper project near Fort St. James, B.C. The major mini…
Teck to increas stake in Cominco Golden Knight
In a joint notice of intention filed and accepted by the Toronto Stock Exchange, Teck Corp. (TSE), M.I.M Canada and Metall Mining Corp. (TSE) revealed plans to buy additional common shares of Cominco …