The tax treatment of reclamation expenditures was the focus of mining industry addresses to the federal government in this year’s pre- budget consultations in Ottawa. In a submission to Finance Minist…
Two private placements totalling $300,000 have been completed by Spirit Lake Explorations (ME) which plans to begin a surface drilling program on its Edwards gold project in Jacobson Twp., near Wawa, …
Although born and bred in England, Billiton Metals Canada’s new president, Andrew Flett, is no 0000,0509 stranger to Canada. As a university student, he spent a summer b a c k p a c k i n g from the e…
Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…
Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …
Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…
Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
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