Mining active when Toronto was just an outpost
Thunder Bay, Ont., has played a direct part, as has all of Northern Ontario, in the mining community. In many respects, northern Ontario, as well as northern Quebec, have been the seminal geographic f…
News
China challenges U.S. wollastonite output
The balance of wollastonite supply is shifting as China increases output and new producers emerge, says a new report from Roskill Information Services. When China’s largest wollastonite deposit, recen…
Vancouver Stock Exchange Rhodes shines in dismal market
A jump of US$10 per oz. in the price of gold over the past week in concert with Saddam Hussein’s threats to use long-range missiles on Israel have done little to renew confidence in the Vancouver mark…
NEWS IN BRIEF International Rex Ventures Inc.
International Rex Ventures Inc. (IRV:VSE) has changed its name to Prosperex Minerals Corp. (PSX:VSE) on a 1-new-for- 2-old-share basis. Montreal Trust is the transfer agent.
NEWS IN BRIEF Briana Resources Ltd.
Briana Resources Ltd. (BIA: VSE) has changed its name to Briana Bio-Tech Inc. with no consolidation of capital. The company will have no mining interests.
Windy raises cash
Through a private placement of 25 units, Windy Mountain Explorations (COATS) has raised $706,250 for further exploration at the MacLeod Lake copper property, north of Chibougamau, Que. Each unit consi…
Noranda options Deception Lake bet
A drill program operated by Noranda Exploration is expected to begin shortly on the Deception Lake polymetallic prospect north of La Ronge, Sask. The unit of Noranda (TSE) has an option to earn a 70% …
Timmins, built on mining, still experiencing growth – 25% of
The largest city in Canada with a geographic size of 1,240 square miles, Timmins, Ont., bills itself as a “world-class” mining camp with plans to retain that reputation. With a population of 47,000, s…
White Gold signs crushing deal
Under contract with White Gold Ventures (ASE), S.D. Engineering of California will crush 50,000 tons of material for inventory purposes on White’s limestone property in Baja California, Mex. White say…
Coeur offering
Coeur d’Alene Mines (Amex) hopes to raise about US$52.8 million through a public share offering. The company, which plans to use part of the funds for exploration and development work, is offering two…
Teck, Tundra, Golden Pond plan deep survey at Lamaque
The three joint venture partners that control a portion of the Lamaque mine property, in Bourlamaque Twp., Que., are testing a new exploration strategy on the former gold producer. Beginning in mid-Oc…
Cheni to spend $7.5 million for feasibility on J&L deposit
As part of an effort to acquire new projects, Cheni Gold Mines (TSE) announced plans to spend $7.5 million to bring the J&L polymetallic deposit near Revelstoke, B.C., to feasibility in return for a 6…