Suntac resumes drill at Polaris Taku
A second phase program consisting of surface drilling and further underground rehabilitation operated by Suntac Minerals Corp. (VSE) is about to begin on the Polaris Taku property in the Tulsequah Riv…
News
Skyline Seeks to Form Joint Venture with Senior Mining Company
Still smarting financially from start-up problems and production shortfalls at its 100%-owned Johnny Mountain mine, Skyline Gold Corp. (TSE) is looking to form a joint venture with a senior mining com…
Vista to process Laurel Lake ore
Ore from the Laurel Lake gold- silver mine near Creighton, Sask., will be processed at the Bootleg Lake mill of Vista Mines (TSE). Vista reports agreement has been reached for the milling of 9,000 ton…
Dickenson, Kam-Kotia shares at centre of legal dispute
Two blocks of shares in Dickenson Mines (TSE) and Kam-Kotia Mines (TSE), the companies involved in a takeover bid by Corona Corp., have become the centre of a legal dispute. The shares in question — …
Noble Peak, BHP-Utah reach agreement
Agreement-in-principle has been reached between BHP-Utah International and Noble Peak Resources (ASE) whereby the latter will purchase all of the remaining rights and interests of BHP-Utah in the Cryp…
Queen’s University to administer mining research organization of
The Mining Research Organization of Canada (MIROC) and Queen’s University have entered into an agreement whereby, effective immediately, the administration of MIROC will be performed by the department…
Pegasus merger deal with USMX collapses
Merger negotiations have been terminated between Pegasus Gold (TSE) and USMX Inc. (NASDAQ). The decision to terminate was made by the latter which cited “new developments . . . the potential ramificat…
TerraGold to explore Newfoundland claims
Following the completion of a preliminary prospectus, a new company called TerraGold Resources is gearing up to explore five mineral properties in Newfoundland and another in New Brunswick. TerraGold,…
Diana Resources
Diana Resources (VSE) announces a 7,000 ft drill program which will begin shortly on its 82 claim Obatogamau gold property in the Chibougamau area of Quebec. Two surface gold showings will be tested, …
North American, Dundee buy Kennco’s Vszza Twp. interests
The joint-venture team of North American Rare Metals (ME) and Dundee-Palliser Resources (TSE) has now finalized an agreement with Kennco Explorations to purchase all of that firm’s rights and interest…
Umex ponders its options
With nickel and copper prices continuing strong, Umex Inc. has been quietly re-examining the potential of its shutdown Thierry mine at Pickle Lake, Ont. Umex closed the low grade copper-nickel produce…
Mineral output up in New Brunswick
New Brunswick experienced a marked increase in the value of minerals produced in 1988 over 1987 values. Natural Resources and Energy Minister Morris Green has released preliminary figures which show t…