Tax credit to boost exploration research
Research in metallogeny, geochemistry, geophysics and remote sensing has just become more cost effective. The Mineral Exploration Research Institute (MERI) of Montreal has formally been recognized by …
News
Letter to the Editor Lunar Base preparations under way (March 27, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
FINANCING (March 27, 1989)
ONTARIO Aurlot Expls — final rec iss offer 2,900,000 @ 85 cents per sh to net $1,392,000. Fortune Minerals — final rec iss offer 1,000,000 @ 36 cents per unit to net $324,000. VANCOUVER Amarado Res…
Letter to the editor The Northern Miner’s role
Would you please provide me, either privately, or through an upcoming issue of your newspaper, with an indication of the role set out by you and or the publishers for The Northern Miner. This question…
Viceroy impact report bodes well for project
An environmental impact report prepared for Viceroy Resource Corp.’s (TSE) Castle Mountain project in California concludes the proposed operation meets regulatory requirements and has “no significant …
Ballatar to finance Alaskan gold project
Under terms to be defined in a formal option agreement, Ballatar Explorations (VSE) intends to provide the necessary financing to bring the Shumagin gold-silver mine into production. The company can e…
Gold market in short supply: Shearson Lehman Hutton
While some analysts talk of an encroaching oversupply of gold, international investment dealer Shearson Lehman Hutton forecasts 1989 will be marked by a persistent shortage of immediately available ma…
Corona purchase of Piedmont shares expected to increase Haile
A number of majors were in the running, but Corona Corp. (TSE) came out the winner in its effort to strike a deal with North Carolina- based Piedmont Mining (NASDAQ). Corona recently agreed to purchas…
Corona begins evaluation of Canty deposit
An economic evaluation of the Canty deposit near Hedley, B.C., is slated to begin in March under the direction of Corona Corp. (TSE). The study follows completion of the 1988 drill program on a number…
X-Cal begins reserve calculations for Snowbird
X-Cal Resources (TSE) says its winter drilling to date has located possible reserves of about 250,000 tons grading 0.20 oz gold from the North zone on its 6,000-acre Snowbird property near Fort St. Ja…
United Keno Hill rights offering
Toronto-based Falconbridge Ltd. (TSE) affiliate United Keno Hill Mines (TSE) is attempting to arrange a rights offering to pay off outstanding debts and finance working capital requirements. United Ke…
Letter to the Editor Ontario Hydro cost conscious
Contrary to the opinion stated in the Feb 6 editorial “Money is no object,” Ontario Hydro is proposing the least cost option for reducing acid gas emissions. Costs are a major consideration for all pr…