Platinova President receives debenture
Platinova Resources (TSE), a Toronto-based company which is involved in gold exploration in Greenland, recently completed a private placement agreement with President Robert Gannicott. Under the agree…
News
Mines Gaspe to develop new copper deposit
The Mines Gaspe division of Noranda (TSE) says it plans to proceed with the development of a new copper deposit at the company’s mining operation near Murdochville, Que. Development of the new orebody…
Central Crude’s new concept at Moss Lake sparks scramble
Evidence is building that a large- tonnage, low-grade, open pit gold- copper-silver deposit may be shaping at the Moss Lake project of Central Crude (TSE) in the Shebandowan area, 70 miles west of Thu…
Homestake selling Doe Run interest
Primary lead producer The Doe Run Co. will soon have only one owner. Homestake Mining (NYSE) has agreed to sell its 42.5% interest in Doe Run to Fluor Corp. for US$125 million and indemnification agai…
Placer bids for Eskay
Placer Dome (TSE) has made an all cash offer of $67.50 per share for Stikine Resources (TSE), the 50% owner of the Eskay Creek property. Alternatively, shareholders have the option to take 3.5 common …
High grade values found at Marlin bet
Partners Golden Marlin Resources (VSE) and Cameco are currently analyzing the results of a winter program at the Northwest gold joint venture near Yellowknife, N.W.T. Under an agreement, Cameco can ea…
U.S.REPORT Galactic, Cornucopia merger may come following share
Vancouver-based companies Galactic Resources (TSE) and Cornucopia Resources (TSE) are preparing to follow the example set by other mining firms by laying the ground work for a possible merger. Galacti…
Sale of Westfield gold mine to Northgate to be studied
Westfield Minerals (TSE) appeared to bow to pressure from some minority shareholders when it agreed recently to commission an independent study into the sale of its mining assets to Northgate Explorat…
Getchell pulls good drill holes at Galaxy
Recent drilling by Getchell Resources (VSE) on the Galaxy property near Kamloops, B.C, returned encouraging results which appear to confirm the results of previous drilling done on the property during…
U.S. tour highlights environmental challenges
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
People LEXINGTON RESOURCES
A.M. Sinclair and Don Archibald appointed to the board of directors.
U.S.REPORT Uranium Resources plans production
Planning to increase annual production capacity from one million to more than four million pounds in the near future, Uranium Resources (TSE) has borrowed $23 million from Citibank. The 6-year credit …