Aber extends D zone at High Lake
Recent drilling on the High Lake project in the Northwest Territories, a joint venture between Aber Resources (TSE) and Kennecott, has outlined a steeply dipping panel of base metal mineralization wit…
News
Redfern plans drill program at Tulsequah Chief property
A drilling program at the Tulsequah Chief property in northwestern British Columbia is expected to begin in the second week of August. Redfern Resources (TSE) now holds a 100% interest in the property…
Decline of mineral reserves a major concern
The outlook for sustained production of many of Canada’s metals is gloomy, says a recent report by Energy Mines and Resources Canada. Seven metals — copper, nickel, lead, zinc, molybdenum, silver and…
Ansil works out $4-million deal with Minnova
An agreement worked out between Minnova (TSE) and Ansil Resources (CDN) will see Ansil receive $4 million in cash from Minnova. The sum represents the purchase of all of Ansil’s past and future royalt…
Gold transactions in U.S. in decline
Gold resource transactions in the U.S. in 1991 dropped for the fourth year in a row, reports Colorado consulting firm Balfour Holdings. Last year, 58 transactions were completed, the lowest level sinc…
Aur options Morgain properties
Aur Resources (TSE) has taken an option on Morgain Minerals’ (VSE) base metal properties in New Hampshire. Under the agreement, Aur can earn a 60% interest in the Higgins, Milan, Paddock and New Hamps…
Steen elected Homestake president
Large gold producer Home-stake Mining (TSE) has a new president. Peter Steen moves from the president’s chair at International Corona (TSE), which has been taken over by Homestake, to the position of …
NEWS IN BRIEF (August 03, 1992)
A numbered Ontario company has purchased a 51.9% interest in Kayorum Gold Mines (CDN) from Labrador Exploration and Mining. Intending to reactivate Kayorum as an exploration company, 792843 Ontario ac…
FINANCING (August 03, 1992)
Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.
PEOPLE — TRILLION RESOURCES
Eric Cunningham appointed vice-president, mining.
Queen’s student wins Peacock prize
At its annual banquet held recently in Toronto, the Walker Mineralogical Club honored a student from Queen’s University with the Peacock Memorial Prize. The club awards the prize annually, in the amou…
Greenland rewrites regulations governing mining development
This vast island, with its interior ice cap and coastal fringe of bare, prospective rock is open for business — the mine exploration business in particular. In co-operation with the senior Danish gov…