Legal process entangles many good prospectx
Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…
News
Newfoundlan’s exploration potential draws interest
A great deal of exploration news is expected from Newfoundland in the months ahead as this summer’s field season gets under way in what explorationists hope will be another record year. Geologists rem…
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In the Yukon, the troubled Ketza River gold mine at Ross River is at the centre of a legal dispute between Canamax Resources (TSE) and Belmoral Mines (TSE). Canamax is suing Belmoral for breach of con…
CORRECTION (June 19, 1989)
In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…
Dolphin selling quarter interest in Nfld. project
A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…
Trend to mergers and acqusitions continues in 1989
In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…
Val d’Or, Abcourt planning production for zinc prospect
The president of a junior mining company earning a 50% interest in the Vendome zinc prospect 30 miles north of Val d’or, Que., is optimistic the project can be in production within 12 months. Pedro Ca…
Will mining learn from experience?
Faced with a struggle to survive, the mining industry in Canada has made tremendous strides in the last six years. In some firms, productivity has doubled in that period. Management in the industry ha…
Aurtec ready to treat tailings
A 950-oz gold loan will allow Aurtec Mining (ME) to bring its tailings recovery project at the Montauban mine near Quebec City, Que., into production. President Jean-Claude Caron reports the start-up …
More mining companies looking to South America for rewards
The search for low cost, high quality gold deposits is taking an increasing number of Canadian firms into the jungles and mountains of Central and South America. Gold analysts say that as South Africa…
Mining industry springs to defence of VSE
The mining industry has rushed to the defence of The Vancouver Stock Exchange and its role of providing risk capital for mineral exploration. Through advertisements appearing in local and national pub…
Vancouver Stock Exchange Sorry year-end stats for ailing VSE
The VSE released results of its fiscal year ended March 31 which showed a deficiency of revenue over expense of $1.85 million before special items. Even though the Exchange held its position behind Ne…