News


Ontario orders Denison to post $100 million bond

Already teetering on the verge of bankruptcy, Denison Mines (TSE) has been pushed even closer to the edge after being served two orders by the Ontario government to clean up its former uranium mining …


New Canamin plans 1994 program

A drill program is scheduled for early 1994 at the Huckleberry property near Kemano, B.C. New Canamin Resources (VSE), which owns the property, subject to a 60% back-in right held by Kennecott, plans …


Silver Eagle vends Carlin ground

An agreement with Silver Eagle Resources (VSE) gives Asarco (NYSE) an option to earn a 75% interest in the High Dollar property in the Carlin Trend of Eureka Cty., Nev. Silver Eagle describes the 840-…


EDITORIAL PAGE — Strapped for cash

As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…


Correction (January 03, 1994)

Contrary to reports published in the Vancouver Stock Market column of Dec. 20, 1993, the 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program is additional to t…


Saudia Arabia an oasis of exploration

Saudi Arabia is known primarily for three things oil, sand and petro-dollars. The Saudis want to add metal mining to that list. Few people regard the desert kingdom as holding out much hope for base o…


Equinox merger

The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE). Each company has satisfactorily completed its due diligence review, though the proposal is still subject to ex…


NEWS ROUNDUP — Altai studies Tassawini project

Junior Altai Resources (TSE) will complete a final feasibility study of the Tassawini gold project in Guyana. The property is a 50-50 joint venture with Menora Resources (ME). Altai is the operator. A…


Brimstone reserve skyrockets

Additional drilling this year on the Brimstone deposit at the Crofoot-Lewis heap-leach mine in Nevada has boosted the resource estimate by more than 60%. Owner Hycroft Resources & Development (VSE), a…


WCB rates to decrease for most miners in Ontario

At a time when its reputation is being seriously damaged by claims of financial mismanagement, the Ontario Workers Compensation Board (WCB) is sending a mixed message to the provinces mining sector. A…


CIMMER database now on diskette

The Centre in Mining and Mineral Exploration Research (CIMMER) of Laurentian University in Sudbury, Ont., says its Mining Environment Database is available as a stand-alone product for personal comput…


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