The diamond rush in Alberta may soon rival the Northwest Territories play in terms of surface area if land acquisition continues at current levels. The Alberta land grab now covers an estimated 12 mil…
DCC Equities, a subsidiary of Dundee Bancorp (TSE), has sold 3,600,000 shares of Bethlehem Resources (TSE) and 2,527,382 shares of Rea Gold (TSE) to CMP Resources (ME) in exchange for 1,520,000 shares…
Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…
With the release of additional high-grade lead-zinc-silver values at its Prairie Creek property 300 miles west of Yellowknife, N.W.T., San Andreas Resources (VSE) announced plans to continue drilling …
The coal industry is in such turmoil, the Calgary-based Coal Association of Canada has cancelled its Industry Outlook Symposium for October. A key speaker dropped out when his mining company failed an…
The Toronto Stock Exchange went into a tailspin at the close of the week ended Sept. 29, as constitutional uncertainty and a related dip in the Canadian dollar put investors in a selling mood. The TSE…
Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…
I was amazed by the lack of knowledge displayed by M.R. Brown in the article “Warding off penny dreadfuls” (T.N.M., Sept. 14/92). While I’ve never met Mr. Brown I would venture to guess he is an indiv…
Palin Granite Canada has been granted $600,000 from the Northern Heritage Fund Corp. (NOHFC) to develop and operate a new granite quarry near Kenora, Ont. The quarry project has created five new jobs …
Shareholders of Sunburst Resources (CDN) have approved the acquisition of all outstanding common shares of ALPS Group and the issuance of 540,000 common shares of Sunburst to Adevam Investments. ALPS …
After 29 years of operation, the Camflo gold mine in northwestern Quebec is about to hoist its last load of ore. In October, 1963, the first bench of Camflo’s main shaft was blasted. Toward the end of…
The Giant mine resumed operation Sept. 25 after Royal Oak Mines (TSE) received approval to reopen from the Northwest Territories mine safety inspector. The company expected to achieve full production …
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