Hemlo stakers not forgotten
Corona (TSE) and Teck (TSE), victors in Canada’s richest lawsuit for control of the Williams gold mine at Hemlo, have not forgotten an old handshake. Both companies have given a net smelter royalty on…
News
Montreal Exchange Yorbeau popular
Shares of Yorbeau Resources are proving popular with investors. The junior announced encouraging exploration results from its Astoria gold property near Rouyn-Noranda, Que., from drifting being undert…
Toronto Stock Exchange LAC leads the way in renewed gold rally
A surge in gold bullion prices combined with another wave of buying in the shares of LAC Minerals — everyone’s favorite takeover target — catapulted the gold and silver index by more than 263.99 poi…
Minefinders completes private placement deal
Two private placement financings for a total of $400,000 have been completed recently by Minefinders (VSE) to fund its share of exploration expenses on three properties in northwestern Quebec. The fun…
Hall of Fame Photo by George Onuska
Newly inducted into the Canadian Mining Hall of Fame is 89-year-old Alex Mosher, who was accompanied to this year’s dinner by granddaughters Judy Lennox (left) and Jane Ratchford.
Micro-organism use growing 12% annually in the mining industry
Use of micro-organisms to extract and concentrate metals is a US$2-billion per year business worldwide, and growing at an annual rate of 12-15%, Falmouth Associates of Maine reports in a multi-client …
Winter drilling by Spirit Lake
A winter drill program being started by Spirit Lake Explorations (ME) on the company’s Edwards gold property is designed to block out a high-grading reserve of minable ore, President John Hansuld told…
Mining Hall of Fame welcomes 8 new members
Eight new persons were recently inducted into the Canadian Mining Hall of Fame at the organization’s second annual dinner. Lionel Kilburn was the master of ceremonies. Almost 500 guests attended the T…
Noranda to earn 51% in Queenston’s bet
Noranda Exploration, a unit of Noranda (TSE) recently agreed to earn a 51% stake in Queenston Mining’s (TSE) Pawnee gold property in Kirkland Lake, Ont., by spending $1.1 million on exploration over f…
Mazarin drilling at 3 properties
A $650,000 exploration program involving 25,000 ft. of drilling is under way on three properties in Quebec’s Abitibi region, Societe d’Exploration Miniere Mazarin (ME) reports. Work at the Wilco prope…
Rockford, Tyranex
Rockford Minerals (TSE) has acquired a 48% interest in Tyranex Gold (COATS) under the terms of a takeover bid. Tyranex shareholders tendered 652,900 shares to Rockford on the basis of one common share…
Analysts remain bullish on gold in 1990
The price of gold closed last year at about the same level as it started, around US$400 per oz. As heartening as that may be to some, the real story is the precious metal spent most of the year tradin…