Marshall, Eden Roc in 2-stage placement
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
News
Faced with budget crunches, western states treat miners kindly
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
Moneta pulls good hole in Michaud Twp
The first hole in a winter drill program at Moneta Porcupine Mines’ (TSE) Michaud Twp. property 70 miles east of Timmins, Ont., has intersected 0.47 oz gold per ton over a core length of 12.1 ft. The …
Editorial Confidence in uranium
Unexpected but welcome rumblings in the uranium industry. First, Denison Mines announces plans to shed its oil and gas holdings and commit to uranium as its core business. Uranium was the mineral up…
Production shortfalls hurt Minnova Inc.’s bottom line
While base metal prices reached record levels in 1988, Minnova Inc. (TSE) was unable to benefit fully from the improved metals climate. Lower gold prices and the rising value of the Canadian dollar we…
Exploration on the increase in Keewatin District
It’s the second-largest greenstone belt in Canada, second only to the prolific Abitibi belt that has hosted some of the country’s largest gold mines, but the Kaminak greenstone belt in the Northwest T…
Cominco/Redfern deposit has production potential
Described by the company as “one of the highest profile zinc deposits in Canada,” the Tulsequah Chief property of Cominco Ltd. (TSE) in northwestern British Columbia will be the subject of a major exp…
Dolphin proceeding to final feasibility at Cape Ray bet
A decision to proceed to final feasibility based on a 200-ton-per- day plant for the Cape Ray gold project in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). A production d…
NovaGold retires debt
After reaching an agreement with creditors to retire $1.43 million in outstanding debt, NovaGold Resources (TSE) is now focusing its efforts on achieving gold production at the Murray Brook project, 8…
Parres named PDAC winner of ’89 Prospector award
Active on the Canadian mining exploration scene for many years, A. Lew Parres has been chosen Prospector of the Year by the Prospectors and Developers Association of Canada (PDAC). Parres will re ceiv…
Assoc. Porcupine vote approves merger with Amer. Reserve
American Reserve Mining Corp. (VSE) reports that over 99% of the shareholders of Associated Porcupine Mines (TSE) have voted to amalgamate with a wholly-owned subsidiary of American Reserve to form Pa…
Athabaska Gold releases assays from Nicholas Lake
Assays from a further five holes were released by Athabaska Gold Resources (VSE) from recent drilling on the Nicholas Lake gold property located 60 miles north of Yellowknife, N.W.T. The company has e…