Chutine, Barrick drill Mexico bet
Partners Chutine Resources (TSE) and American Barrick Resources (TSE) have begun drilling on a Mexican gold property that adjoins a heap leach gold producer operated by Phelps Dodge (NYSE) and affilia…
News
Falconbridge pursuing Mirage in hopes of finding Sudbury twin
Nickel producer Falconbridge has staked an additional 358 claims along the Wanapitei anomaly near Sudbury, Ont., and is planning to drill the large magnetic structure later this year. Sometimes called…
PEOPLE CARPENTER LAKE RESOURCES (May 20, 1991)
Frank Callaghan appointed president; Bruce Elner and Michael Scott appointed directors succeeding Peter Yearwood, Kenneth Sumanik and Maro MacKinnin-Andrew who resigned.
Quebec budget troubles geologists
The Association of Professional Geologists and Geophysicists of Quebec (APGGQ) is not impressed by the lack of additional support for mining exploration financing in the recent Quebec budget. The asso…
EDITORIAL PAGE Developing Sudbury’s North Rim
Over a distance of less than five miles along the North Rim of the Sudbury Basin, from the old Hardy mine to Longvack, Inco Ltd.’s operation at the extreme east end of the North Rim, there are no less…
Galico drops Vera Cruz option
After completing a due diligence review, Murray Pezim’s Galico Resources (VSE) decided to drop its option to acquire a 50% interest in the Vera Cruz property held by Vera Cruz Minerals (VSE) in New Me…
LETTERS TO THE EDITOR Right meeting but wrong date
As we prepare for Corona Corp.’s annual and special general meeting which will take place May 31 in Vancouver, we were a little non-plussed to read in the TSE market report (T.N.M., May 6/91) that our…
Polcap signs agreements with Polish zinc producer
A private Montreal venture-capital company, Polcap Investments, has signed agreements with zinc producer ZGH Boleslaw Mines of Poland to act as financial, managerial and technical adviser. In announci…
PEOPLE BENTON RESOURCES
John Erickson appointed director.
On the Level Ontario mining faces almost insurmountable hurdles
“Go north, young man, go north.” But not in Ontario. There’s nothing wrong with the geological environment in that once-prosperous province, but governments are changing the fiscal and operating envir…
Kennecott sells Kemess interests
Merger partners El Condor Resources(VSE) and Covenant Resources (VSE) recently agreed to purchase the North and South Kemess property interests held by a unit of Kennecott. El Condor earned a 60% int…
Additional funding for Armeno project
Additional funding in the amount of US$1.45 million will be provided by Nissho Iwai Corp. of Japan to go toward the preproduction development costs and working capital of the San Bartolome mine projec…