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…
News
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…
Dia Met’s diamond pipe may be one of several — (Part three
Kimberlite pipes are uncommon but they rarely occur singly. If one is discovered, there will almost certainly be others in the vicinity. The pipes form patternless clusters seemingly devoid of any geo…
KWG to pay $1.3 million for Thierry copper-nickel mine
An option agreement to acquire a 100% interest in the former Thierry copper-nickel mine and mill complex at Pickle Lake, Ont., has been entered into by KWG Resources (ME) with Etruscan Enterprises (VS…
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…
Falconbridge set to resume drilling at White Star property
Falconbridge will resume drilling on White Star Copper Mines’ (CDN) 160-claim B property near Timmins, Ont., by mid-July, said Vice-President of Exploration Michael Knuckey. As part of a regional sear…
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…
Boron acquisition generates cash flow
A recently acquired boron mining venture in South America is expected to generate sales of US$3-4 million for nine months of operation this year, according to Boron Chemicals International (VSE) Presi…