News


Cassiar deal not sewn up yet

Financing for the purchase of the Cassiar asbestos mine in northern British Columbia is proving elusive for Black Swan Gold Mines (TSE). Black Swan had reached an agreement with Arthur Andersen, the m…


Onitap negotiates reverse takeover with Red Oak

An agreement-in-principle has been reached for a reverse takeover of Onitap Resources (TSE) by private company Red Oak Resources of Calgary, Onitap reports. Onitap plans, subject to shareholder and re…




Cominco defers smelter decision

More tests will be required before management of Cominco (TSE) is able to make a decision whether to modify and restart its QSL lead smelter at Trail, B.C., or convert to a Kivcet plant. The company’s…


$12,000 to survey Lake Superior shore

A $12,000 grant will be given to geophysicists at the University of Toronto to conduct research along the east shore of Lake Superior, says Shelley Martel, Ontario’s mines minister. “The investigation…


Timmins Nickel, Marshall in dispute

A dispute between Timmins Nickel (TSE) and Marshall Minerals (ASE) has closed the Carshaw mill in the Timmins, Ont., area. Timmins Nickel says it received notice July 1 from Marshall terminating the l…


MINER DETAILS — Watching the `new’ Rio unfold

When Rio Algom’s directors meet later this month, the entire spectrum of corporate philosophy will be up for discussion. It will be the first board meeting in 36 years without representation from “Mot…


Deals establish Kennecott at Lac de Gras

The Canadian arm of Utah-based Kennecott is emerging as one of the biggest players in the Lac de Gras area of the Northwest Territories as the major agrees to shell out millions to get its foot in the…



Ontex financing for court appeal (July 13, 1992)

Directors of Toronto junior Ontex Resources (ASE) have given the green light to a $300,000 private placement financing consisting of 600,000 common shares priced at 50 cents each. Subject to regulator…


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