Hecla breaks off talks with Alta
Discussions over a possible business combination between Hecla Mining (NYSE) and Alta Gold (NASDAQ) have been discontinued. The companies had signed a letter of intent to consider various transactions…
News
GSR considers Bates potential
A small drilling program on a past producer has GSR Goldsearch (VSE) reviewing the possibility of restarting production. A two-hole program was designed to test the downdip extension of the Bates vein…
Lac des Iles mine operating _ Madeleine still needs permits
Toronto-based Madeleine Mines (TSE) has applied to the Ontario government for permission to operate a 3,000-ton-per-day palladium- platinum mine on a 5,000-acre property at Lac des Iles, near Thunder …
Thunderwood and Greenstone report Scott Lake results
A 25,000-ft. drilling program has been completed by equal partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) on their Scott Lake polymetallic property, 12 miles west of Chibougamau, Q…
Groups collaborate on mining research
The nature of mining research in Canada is changing as industry, government and universities pool their resources and expertise, says John Udd, director of Mining Research Laboratories for Energy Mine…
NEWS IN BRIEF AFOC maps local mining claims
The Bureau of Mines’ Alaska Field Operations Center (AFOC) is making location maps of mining claims in the state. Active and historical mining claims have been plotted on mylar overlays on a U.S. Geol…
Correction (January 07, 1990)
Drill results from the Aurora gold property in Guyana, a joint venture of South American Goldfields (TSE) and Denison Mines (TSE), were incorrectly reported (T.N.M., Dec. 31/90). Highlights from the d…
Former Trimin executives take bonuses on retirement
Severance payments and cash bonuses totalling $528,500 were paid to Brian Fraser and Randy Turner before they resigned their respective positions as chairman and president of Trimin Resources (TSE). T…
Toronto Stock Exchange Market gets off to lacklustre start as gold
Market activity got off to a slow start as investors finally said goodbye to 1991 and got down to business. Today, Jan 2., only 10.5 million shares changed in a lacklustre session that one can only ho…
Inco, Vior assume Douay ownership
The Douay gold project in Quebec’s Casa Berardi region will soon become a joint venture between two partners, Inco (TSE) and Societe d’Exploration Miniere Vior (ME). Vior says an agreement has been re…
Geddes’ new plan shows less acid drainage likely
A revised mine plan for the Windy Craggy project was recently submitted to the British Columbia government by Geddes Resources (TSE), a junior company which is proposing to develop a major copper mine…
Canamax writedown
Canamax Resources (TSE) has concluded a $39.5-million writedown of the company’s assets and investments in other exploration firms to be provided for its year- end accounts. The writedown resulted fro…