Lease of Yukon mill terminated
Partners Omni Resources (VSE) and Skukum Gold (VSE) have terminated an agreement to lease the Mount Skukum mill owned by Total Energold (TSE) and AGIP Resources. Skukum and Omni had intended to use th…
News
Hughes-Lang Group plans reorganization
A proposal to restructure and reduce the number of companies within the Hughes- Lang Group has been approved by directors and will be presented for shareholder approval at meetings scheduled for June….
Tarzan results from Joburke
Additional drill results have been received by Tarzan Gold (ASE) from the company’s Joburke property near Timmins, Ont. Noranda Exploration is the project operator. Two holes completed in the North zo…
Metal market perceptions — a special capacity
There is an extremely influential factor at work in metal markets that receives insufficient attention; that is, the great power exerted by perceptions, often with the potential for formidable damage….
Cameco decision on Hanson hinges on results of drilling
Drilling is expected to wind down by month- end at the Hanson Lake project of Cameco in northern Saskatchewan. Results from the program will help determine whether Cameco exercises its right of first …
Letters to the Editor Scepticism on Mt. Milligan unwarranted
Continental Gold Corp.’s engineering team and I wish to suggest that your own concerns about the Mt. Milligan Project which you made public in your editorial of April 10 go beyond the bounds of health…
Hymas talks on Rand practices at Toronto CIM
Recently returned from a tour of South Africa where he visited a number of major mining operations, Kenneth I. Hymas, general manager of Teck Corp.’s eastern Canadian mining operations, will be the gu…
Moneta, Unocal North zone results
Moneta Porcupine Mines (TSE) recently released interim assay results from the Michaud Twp. gold project, 65 miles east of Timmins, Ont. Under an agreement, operator Unocal Canada Ltd. of Calgary can e…
LynnGold re-examines Manitoba nickel mines
The strength in nickel prices has prompted LynnGold Resources (TSE) to re-examine two former producing nickel-copper mines near Lynn Lake, Man. Acquired from Hayes Resources (TSE), the mines, known as…
Malartic bid for Gold Texas fails
Despite the fact its recent tender offer was unsuccessful, Malartic Hygrade Gold Mines (VSE) has not ruled out acquiring additional shares of Gold Texas Resources (VSE). Malartic has slightly under 20…
Granges to continue drilling Gurney project
Encouraged by recent drill results from the Gurney project east of Flin Flon, Man., Granges Exploration (TSE) and partner Mid-North Resources (VSE) intend to step up the pace on the Manitoba gold proj…
Teck takes position in Redfern Resources
While emphasizing that it’s not a proxy for Cominco Ltd. (TSE), Teck Corp. (TSE), Cominco’s largest corporate shareholder, has taken a small but significant position in Redfern Resources (VSE). Subjec…