Quebec to sell stake in Asbestos
After pumping hundreds of millions of dollars into Quebec’s asbestos industry over the years, provincially owned Societe Nationale de l’Amiante (SNA) says it intends to sell its interest in one of Que…
News
Goldteck cleared at Matachewan
The Ontario government has agreed to release Goldteck Mines (TSE) from an order relating to the Matachewan mine tailings spill in northeastern Ontario. In return, Goldteck has voluntarily contributed …
Gold values intersected at Newton
Trenching on the Newton property southwest of Williams Lake, B.C., returned a number of gold values for joint venture partners Verdstone Gold (VSE) and Rea Gold (TSE). The property is about 24 miles n…
ME performance improves in 1991
The mining and minerals index of the Montreal Exchange gained by 3.5% in 1991, according to statistics released by the ME. The general market portfolio index performed even better, closing ahead on th…
Minas project uses Irish model
A private syndicate is proposing an exploration program to search for Irish-type, carbonate-hosted polymetallic deposits on the south shore of the Minas Basin in Nova Scotia. Called the Minas Mineral …
NEWS ROUNDUP (January 27, 1992)
A recently signed agreement between Mountain Lake Resources (VSE) and Minnova (TSE) calls for further exploration on a 175-claim property in Ben Nevis Twp., north of Larder Lake, Ont. In order to earn…
PEOPLE (January 27, 1992)
T. Philip elected president, chief operating officer and a director.
Cominco options Kutcho deposit
While it’s no secret Cominco (TSE) has been eyeing offshore mining opportunities, the Vancouver-based major is also looking in its own backyard for projects with mine-making potential. This company re…
CIM conference focuses on risk
Battle Mountain Gold (TSE) expects to secure financing for the development of its Kori Kollo gold property in Bolivia by the end of the first quarter, says Chairman Karl Elers, a speaker at the sevent…
Athabaska resumes Nicholas Lake drilling in NWT
An 11,000-ft. drill program funded by Royal Oak Mines (TSE) has resumed at Athabaska Gold Resources’ (TSE) Nicholas Lake gold project in the Northwest Territories. Having secured the 40% project inter…
Glencairn resumes Goodfish drilling
A 4-hole, 2,500-ft. program designed to test for strike and depth extensions of the A zone will get under way on the Goodfish gold property near Kirkland Lake, Ont., by the end of the month. Glencairn…
Aurizon drilling Hoblitzell claims
A 3,500-ft. drilling program is under way on property in Hoblitzell Twp., 90 km northeast of Cochrane, Ont., Aurizon Mines (TSE) reports. Aurizon may earn a 60% interest in the property from Glen Aude…