Taywin exploring old mine for copper/gold
The Merry Widow open pit iron mine near Port McNeill, B.C., is being explored by Taywin Resources (VSE) for its potential to host copper/precious metal reserves. The former producer is part of an asse…
News
Bond/Homestake rationalization proceeding at Kalgoorlie mine
The word “rationalization” is used often these days, mostly to describe an effort to improve profitability. It’s also a popular expression at Bond International Gold (NYSE) which has combined its mini…
Market anticipates results of Aur, Louvem drill holes
If market activity is any indication, results expected this week from the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide project in Val d’Or, Que., should be encouraging. As operat…
Hayes awaits court approval for share distrubtion plan
Hayes Resources (TSE) could emerge soon with a new name and a clean balance sheet if the company gains court approval for a proposed capital reduction plan and a special plan of arrangement. Under the…
Ketza costing Canamax $5 million
The cost of purchasing Pacific Trans-Ocean Resources’ (TSE) 50% interest in the Ketza River gold mine is eventually going to cost Canamax Resources (TSE) about $5 million when all the figures are tall…
Uranerz Exploration to view Varna bets
Calgary-based Varna Gold (ASE) has signed an agreement with Uranerz Exploration and Mining of Saskatoon which could result in the development of one or more of Varna’s exploration properties. Under th…
Orofino may limit Canuc program if results poor
Toronto-based Orofino Resources (TSE) has informed Canuc Resources (TSE) that it is embarking on a limited summer exploration at Canuc’s Coronation Gulf gold project in the Northwest Territories. By s…
Marking 25th year, Echo Bay set to produce 725,000 oz
Major North American producer Echo Bay Mines (TSE) turned out 585,000 oz gold in 1988 and is looking to boost that total to 725,000 this year. The company, celebrating its 25th anniversary in 1989, al…
Iron oxide conference
Chicago will be the site for a conference studying the use of iron oxide materials used in the manufacture of soft and hard ferrite magnets. The conference, to be held Nov 1-2, will bring suppliers of…
Ontario schools funded
Grants worth $500,000 to seven Ontario universities have been announced by the provincial Ministry of Northern Development and Mines. The money will fund projects studying ways to improve mineral expl…
Mishibishu discovery team …photo
Standing astride the outcrop that revealed the new gold showing on the western extension of the Mishibishu gold belt are: (left to right) John Harvey, president of Hemlo Gold Mines and Noranda Explora…
Diepdaume financing
Diepdaume Mines (VSE) is planning to issue up to 250,000 units, representing 500,000 flow-through shares (one unit consists of two shares), at 60 cents per unit, subject to regulatory approval. The c…