Drilling continues at Trout Lake mine
Exploration drilling at the Trout Lake polymetallic mine near Flin Flon, Man., continues to confirm the presence of several individual lenses below the 560-metre level. Most of the summer work, 7,775 …
News
Orient, Gold Hawk deal with Soquem
An agreement, subject to regulatory approval, has been reached by Orient Resources (ME) and Consolidated Gold Hawk Resources (ASE) with Quebec Crown mining exploration company Soquem, which will allow…
Sudbury hosts royal visit
The mining town of Sudbury recently welcomed the Prince and Princess of Wales, who visited the northern Ontario community as part of a 6-day provincial tour. In honor of the visit, nickel producer Inc…
Teck options Montgay project
A letter of intent has been signed by Ressources William (ME) with Teck Exploration, a unit of Teck (TSE), which will permit Teck Exploration to earn a 51% interest in the 38-claim Montgay property ab…
Loki, Hemlo discover new gold zone at Brewery Creek
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
Mirage reaches target depth
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake mines first ore at high-grade uranium deposit
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…
Development drilling continues
Four miles from this small town is the New World project, which hosts five separate deposits — McLaren, Como, Miller Creek, Homestake and Fisher Mountain. To date, Crown Butte Resources (TSE), which …
Midas rights
Midas Minerals (TSE) plans a rights offering, subject to regulatory approval, under which shareholders of record (in Ontario and Nova Scotia) on Nov. 5 will receive one right for each common share own…
Louvicourt mine capital cost set at $326.4 million
The capital cost of building a 5,000-tonnes-per-day copper-zinc mine on the Louvicourt Twp. property held 55% by Aur Resources (TSE) and 45% by Societe Miniere Louvem (TSE) will be $326.4 million, acc…
NEWS ROUNDUP (October 28, 1991)
Bachelor Lake Gold Mines (TSE) intends to sell its controlling interest in 74% owned subsidiary Western Premium Resource (VSE) for about $150,000. Bachelor said a letter of agreement has been entered …
Asbestos miner Cassiar bankrupt
Operating problems coupled with cost overruns have forced Princeton Mining (TSE) to seek court protection under the Companies’ Creditors Arrangement Act for its wholly owned subsidiary, Cassiar Mining…