Renabie gold trust wraps up agreement
Final proceeds of production from the former Renabie gold mine, owned jointly by American Barrick Resources (TSE) and Corona (TSE), will be distributed to unitholders of the Renabie gold trust this mo…
News
Moneta stakes near Timmins
After re-evaluating a portion of a 1966 drill hole, Moneta Porcupine Mines (TSE) staked 16.8 square miles (269 units) in Loveland and MacDiarmid twps., northwest of Timmins, Ont. Recent assays from an…
MEWS IN BRIEF
Royal Crystal Resources Ltd. (RCY:VSE) has changed its name to Eracon Industries Inc. (ERN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Pacific Corporat…
Quebec to sell stake in Asbestos
After pumping hundreds of millions of dollars into Quebec’s asbestos industry over the years, provincially owned Societe Nationale de l’Amiante (SNA) says it intends to sell its interest in one of Que…
Goldteck cleared at Matachewan
The Ontario government has agreed to release Goldteck Mines (TSE) from an order relating to the Matachewan mine tailings spill in northeastern Ontario. In return, Goldteck has voluntarily contributed …
Gold values intersected at Newton
Trenching on the Newton property southwest of Williams Lake, B.C., returned a number of gold values for joint venture partners Verdstone Gold (VSE) and Rea Gold (TSE). The property is about 24 miles n…
ME performance improves in 1991
The mining and minerals index of the Montreal Exchange gained by 3.5% in 1991, according to statistics released by the ME. The general market portfolio index performed even better, closing ahead on th…
Minas project uses Irish model
A private syndicate is proposing an exploration program to search for Irish-type, carbonate-hosted polymetallic deposits on the south shore of the Minas Basin in Nova Scotia. Called the Minas Mineral …
NEWS ROUNDUP (January 27, 1992)
A recently signed agreement between Mountain Lake Resources (VSE) and Minnova (TSE) calls for further exploration on a 175-claim property in Ben Nevis Twp., north of Larder Lake, Ont. In order to earn…
PEOPLE (January 27, 1992)
T. Philip elected president, chief operating officer and a director.
Cominco options Kutcho deposit
While it’s no secret Cominco (TSE) has been eyeing offshore mining opportunities, the Vancouver-based major is also looking in its own backyard for projects with mine-making potential. This company re…
CIM conference focuses on risk
Battle Mountain Gold (TSE) expects to secure financing for the development of its Kori Kollo gold property in Bolivia by the end of the first quarter, says Chairman Karl Elers, a speaker at the sevent…