Kerr, Minnova benefit from B.C., Quebec mines
Toronto-based Kerr Addison Mines (TSE), the 51% owned Noranda (TSE) affiliate, reported a significant increase in 1990 earnings, thanks largely to strong production performances at its mining operatio…
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Noranda drilling at Monument Bay
A drilling program is expected to start shortly on the Monument Bay property in northeastern Manitoba. Bellex Mining (VSE) recently completed an option deal with a unit of Noranda (TSE) allowing it th…
Denison, Potacan in default on potash mine loan payment
Denison Mines (TSE) is attempting to persuade its lead bankers to reschedule payments on a US$209.4-million loan arranged to finance development of the company’s potash mine in New Brunswick. After fa…
Financing falls through despite boost in reserves
A financing package arranged by Central Crude (TSE) for the Moss Lake and Eagle River gold projects has fallen through, even as recent calculations show an increase in reserves at Eagle River. Citing …
Silverside acquires Tully Twp. property
Silverside Resources (TSE) has received the second $346,987 instalment of the price that Deak Resources (TSE) agreed to pay for Silverside’s 87.5% stake in the Garrison gold project near Kirkland Lake…
Matachewan spill: Letters to the Editor
Your coverage of the Matachewan spill is welcome by all concerned parties in the Ontario mining industry. A full discussion of the facts concerning this case may result in a better understanding of a …
MSV, Meston combine for Eastmain financing
A joint venture agreement aimed at aquiring the financing required to place the Eastmain gold deposit in northern Quebec near James Bay into production has been signed by MSV Resources (ME) and Meston…
Newfoundland amends Act: Letters to the Editor
The article “Newfoundland doubles tax on claims” (T.N.M., Jan.21/91), particularly the headline, gave an unclear and incorrect impression of the purpose and effect of recent amendments to the Mineral …
Sphinx loses listing on ME
The Montreal Exchange said it recently delisted shares of Societe Miniere Sphinx (VSE) because of a change in the nature of the company’s business operations. Listed as a mining company on the ME sinc…
Pacific Sentinel reports assays from Golden West
Assay results were released by Pacific Sentinel Gold (VSE) from 21 reverse circulation holes drilled as part of an ongoing 35-hole program on the Golden West property in Arizona. The first-drill progr…
Reserve estimate reported for Rosebud project
VANCOUVER Following the release of a series of excellent drilling results from the Rosebud property in Nevada last year, partners LAC Minerals (TSE) and Equinox Resources (TSE) have reported prelimina…
Copper discoveries on Victoria Island
An exploration program by Aber Resources (TSE) and Nanisivik Mines will further examine copper discoveries on a land package 20 km from tide water on Victoria Island, N.W.T. The land covers widespread…