Recent drilling at the McArthur River joint venture has boosted probable in-situ reserves from 200 million to 260 million lb. of U3O8. The average grade of the deposit has increased from 4% to 5% U3O8…
The mineral exploration arm of Noranda (TSE), Noranda Exploration, plans to reduce its exploration personnel and reduce spending by about one-quarter in 1992. The total exploration budget of Noranda E…
Mineral exploration spending in the territory rose to $16 million this year from $12 million in 1990. Dennis Ouellette, a geologist with the Whitehorse office of the federal Department of Northern Aff…
Toronto-based junior Great Lakes Minerals (TSE) recently raised $554,220 from a rights offering designed to finance royalty payments at its Keweenaw copper project in northern Michigan. Great Lakes sa…
Total Resources, the parent company of Total Energold (TSE), recently launched a bid to acquire all the shares it does not already own for $1.55 per share. Total Resources, which in turn is a wholly o…
A recent option and joint venture agreement allows Placer Dome (TSE) to earn up to a 70% interest in a land package covering about 7,900 acres located 60 miles north of Kamloops, B.C. The property is …
McFinley Red Lake Gold Mines (TSE) and contractor Dominion Bridge have agreed to shelve litigation over a Red Lake, Ont., gold project while they look for a joint venture partner willing to develop th…
Pierre Gauthier, chairman of 52% owned Noranda (TSE) subsidiary Societe Miniere Louvem (TSE), recently profited by exercising stock options at a discount to the recent market price. According to the O…
Morrison Minerals (TSE) reports the completion of the sale of its shares in Aerodat Ltd. to Geonex Ltd. for cash, dividends and shares in Geonex. (Aggregate value of the deal is about $3.75 million.) …
Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh. September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 98.40 97.60 98.15 + 0.80 Jan 98.10 97.35 98.00 + 1.00 Feb 97.75 97.75 98.90 + 2.00 SILVER (in US cents per oz…
Pan Oceanic Ventures Inc. (PSV:VSE) has changed its name to Falcon Ventures International Corp. (FNV:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Pacifi…
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