Fort Knox reports anomalous values
Borehole SG-10 is in progress at the Fawcett Twp. base metal property of Fort Knox Gold Resources (TSE) in the Shining Tree area of northeastern Ontario and is targeted on a strong electromagnetic res…
News
Hemlo transfers stake in Rendell-Jackman project
Toronto-based Hemlo Gold Mines (TSE) has agreed in principle to assign its 50% interest in the Rendell-Jackman gold project in Newfoundland to Major General Resources (TSE), owner of the remaining int…
B.C.’s mining association endorses land commission
The recent appointment of Stephen Owen as Resource and Environment Commissioner for British Columbia is viewed as a positive move by Tom Waterland, president of the Mining Association of British Colum…
NEWS IN BRIEF (February 03, 1992)
Spectrum Gold Corp. (SGI.A:ME) has changed its name to Scarlett Minerals Inc. (SMI:ME) with a consolidation of capital on a 1-new-for-2- class-A-old-share basis.
Mining industry must take global approach
The domestic mining industry must shelve its romantic notions about mining and continue to shed its parochial attachment to mine-finding in Canada to sustain itself as a global player into the next ce…
Montreal Exchange (February 03, 1992)
A successful flow-through financing worth $350,000 was reported by Ressources Robex, which has a drilling program planned for the Baie Bateman copper-gold property in the Chibougamau, Que., area. Trad…
GOLD FUNDS (February 03, 1992)
BGR CENTRAL Net Value $8.54 $5.16 Price $7.63 $4.600 Discount 10.74% 10.9 Value $50,859,000 $77,391,780…
Langmuir nickel mine shuts down
The Langmuir No. 1 nickel mine near Timmins, Ont., has been put on temporary care and maintenance as a result of poor nickel prices and continuing losses, reports owner Timmins Nickel (TSE). Langmuir …
Active exploration scene at Quebec’s Benoit Twp.
Despite a claim dispute that still hangs over the area, Benoit Twp. in northwestern Quebec is poised for a second burst of exploration activity. Under a recently signed agreement with Freewest Resourc…
New zone taking shape at LaRonde
Surface drilling along a gold zone discovered 300 ft. north of the main horizon at Agnico-Eagle Mines’ (TSE) LaRonde mine near Rouyn-Noranda, Que., (T.N.M., Nov. 25/91) is producing encouraging result…
Arimetco, Royal Oak top TSE list in 1991
Toronto-based copper producer Arimetco International emerged as the top performer last year among Toronto Stock Exchange-listed mining stocks, according to a survey by First Marathon Securities. Spark…
Suntac hikes Polaris-Taku reserves
A recent independent geostatistical study boosted reserves for the Polaris-Taku deposit in northern British Columbia to 2.2 million tons grading 0.43 oz. gold per ton. Suntac Minerals (VSE) can earn a…