Northgate selling shares in MSV
An approximate 33% ownership interest in MSV Resources (ME) is being sold by Northgate Exploration (TSE) in a deal which subsequently involves directly and indirectly several junior companies. Nova-Co…
News
New Canamin options Kennecott ground
A recently completed agreement gives New Canamin Resources (VSE) the right to acquire a 100% interest in the Huckleberry and Whiting Creek copper deposits owned by Kennecott. The two deposits are abou…
INSIDER TRADING (June 08, 1992)
The president of Aur Resources (TSE), Jim Gill, recently moved into the market to buy up a block of shares just above the 52-week low of $1.93. According to the Ontario Securities Commission OSC Bulle…
Drilling tests Vaughan gold project
Assay results are now being reported from a diamond drill program on the Vaughan project where Avondale Resources (VSE) and Candela Resources (VSE) are each earning a 25% interest from associated comp…
Editorial Page (June 08, 1992)
Pity the officers and directors of Consolidated Professor Mines. Their efforts since 1973 to make a mine in northwestern Ontario came tantalizingly close to fruition in 1989 but since then have been t…
Union sees Westray reopening
A spokesman for the union representing miners at the Westray coal mine in Nova Scotia says the mine could reopen. “I am sure there is a need for this type of low sulphur coal and we are taking the vie…
Canamax eliminates its debt, hopes for higher gold price
Vancouver-based Canamax Resources (TSE) may be without an operating mine, but at least the former gold producer is going about its business with a debt-free balance sheet. With $14 million worth of de…
Loan guarantees can’t entice lenders to support Pine Cove
Nova Gold Resources (TSE) says two projects, each using environmentally friendly processing technology, could provide capital this year for the cash-strapped junior if financing can be secured. The co…
Experts’ evaluation key factor in assessing Lac de Gras play
Investors speculating on the Lac de Gras diamond play have been placed on tenterhooks again while experts assess the value of gems recovered from a kimberlite pipe underneath Point Lake, 200 miles nor…
Elliot Lake miners undergo retraining
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Blending of reserves boosts value of McCreedy East mine
Canadian ore reserves quoted by Inco (TSE) for the year ending 1991 are 401 million short tons grading 1.44% nickel and 0.85% copper. Not high grade by any measure. Technical and organizational improv…
Quail drilling intersects values
The first two holes in this year’s drilling program on the Golden Quail property in San Bernardino Cty., Calif., returned gold values for joint venture partners Golden Quail Resources (VSE) and Golden…