Maps planned for 8 townships
Three geological mapping projects will be conducted to identify mineral potential in an area in northwestern Ontario extending across eight townships from Kashabowie to Murillo, Ontario’s Ministry of …
News
Minerals lead Noranda’s recovery
Better results from its mining division helped Noranda (TSE) boost its earnings to $49 million or 10 cents per share during the first half of 1992 compared with $33 million or 2 cents per share for th…
Metall affiliate awards mine contract
The first major contract at Turkey’s largest mine development project has been awarded by Metall Mining (TSE) affiliate Cayeli Bakir Isletmeleri A.S. A consortium comprised of Lurgi Metallurgie GmbH o…
Jarvis raising marble funding
Financing plans, including a rights offering that will allow shareholders in Ontario and Quebec to acquire up to almost 1.4 million common shares, are nearing completion, Jarvis Resources (VSE) report…
Athena, former president settle legal differences
A longstanding legal dispute between current management of Athena Gold (VSE) and its former president and founder, William Jordan, was recently settled. The Nevada lawsuits over title to the Talapoosa…
Kennecott options Galena Giant
A unit of Kennecott is about to start a drill program on the Galena Giant project, a “Sullivan-style” stratiform, lead-zinc-silver target on the Idaho-Montana border about 12 miles northeast of the fa…
Low-cost operation predicted by Antilles for Big Croppings
Based on a recent in-house feasibility study, Antilles Resources (VSE) predicts it will be able to produce gold for a cash cost of US$146 per oz. from the Big Croppings vein on its newly optioned Chic…
Western pulls out from Jones Hill
The recent withdrawal of Western Mining from the Jones Hill joint venture came as a surprise to Champion Resources (VSE) which is currently seeking advice from its lawyers because of the unexpected de…
Mikwam drill results released
Drill results from Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec’s Casa Berardi area have not been able to match results from the first hole which included a 14.1-ft. sectio…
NEWS ROUNDUP — Teck’s mines report profits
With all mining divisions operating profitably, Teck (TSE) reported net earnings of $12 million for this year’s second quarter ended June 30, up from $9 million in the previous quarter and similar to …
Equinox fires up Van Stone mine
After nine months in mothballs, the Van Stone zinc mine near Colville, Wash., was recently brought back into production at 1,000 tons per day by owner Equinox Resources (TSE). Low zinc prices forced t…
NovaGold gets approval for New Brunswick copper mine
A copper mining and processing operation at the Murray Brook mine of NovaGold Resources (TSE) in northern New Brunswick will proceed now that the environmental permits have been received, the company …