Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…
News
Toronto Stock Exchange Rate concerns ignored asrally reaches new
Interest rate fears took a back seat to investor desires to squeeze out more profit from the summer rally. During the week, the composite reached a new high before settling back to 3,454.9 pts — down…
Coin Lake prevails for U.S. gold mine
Gold production from the Golden Reward property in South Dakota is expected to begin within six months, Thomas Skimming, chairman and chief executive officer of Coin Lake Gold Mines (TSE), told shareh…
Platinova, Corona form joint venture
Toronto-based Platinova Resources (TSE) and International Corona Resources (TSE) have agreed to become joint venture partners, at Platinova’s East Greenland exploration concessions. In 1987, extensive…
Probable reserves up at Addington
Recent drilling has increased probable reserves on the Addington gold property in southeastern Ontario. Michele Gold Mines (VSE), which has an option to earn a 49% interest from Cathedral Gold Corp. (…
Falconbridge pays $960 million for independence
A few days ago a small airplane buzzed by outside the window of William James’ office on the 40th floor of Commerce Court, in downtown Toronto. The Falconbridge Ltd. (TSE) 0000,0600 chairman was intri…
Rumors of Asamera unrest
Rumors of unrest within the hierarchy of Asamera Inc. (TSE) and its minerals subsidiary are apparently not unfounded. Bruce Kennedy, Asamera Minerals’ dynamic ex-president, has left and several other …
Inspiration sells U.S. subsidiary
Inspiration Resources Corp. (TSE) has completed the sale of substantially all the assets of its U.S. subsidiary, Inspiration Copper Co., to Cyprus Minerals Co. for approximately $125 million in cash. …
Perrex drill program
A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Math…
CoCa Mines sought by USMX
Explaining why its recently proposed merger with Pegasus Gold (NASDAQ) ended in failure, CoCa Mines (NASDAQ) said in a shareholder’s letter that it also held serious negotiations with USMX Inc. of Den…
Placer Pacific gets Australian prospect
In a package deal that involves two separate agreements, Placer Pacific, a subsidiary of Placer Dome (TSE), has acquired a potential gold producer in Western Australia and a number of other properties…
Lac Moves on Jonpol project
Trucking of ore from a Garrison Twp., Ont., property to the Macassa mill in Kirkland Lake will be considered by Lac Minerals (TSE), a Lac spokesman tells The Northern Miner. The operation is contingen…