Star Lake mine closed
The Star Lake gold mine has been closed following the depletion of its orebody, Cameco — a Canadian Mining and Energy Corp. says. Located near La Ronge, Sask., the mine opened in Jan. 1987 wih a 2.5-…
News
Atlantic, Jascan buy shares in each other
While Atlantic Goldfields (COATS) and Jascan Resources (TSE) own shares in each other, it is unclear whether either side has further designs on the other. Jascan recently reported it owns 692,300 shar…
Cyprus earnings a record
A number of timely acquisitions coupled with higher copper prices boosted 1988 earnings of Cyprus Minerals Company (NYSE) to a record $170 million(US) or $6.31 per share. This compares to 1987 earning…
Whim Creek rejects Dominion Ltd offer
The board of directors of Australian gold producer Whim Creek Consolidated NL recently advised shareholders to reject a share swap offer from Dominion Mining Ltd. While he isn’t opposed to a merger wi…
Stralak feasibility expected by July
Drilling on a zinc property held by Stralak Resources (VSE) has outlined reserves of 859,974 tons in three zones. Located in the Benny greenstone belt, 40 miles northwest of Sudbury, Ont., the deposit…
Alberta Stock Exchange Nathan active
There was plenty of activity among resource issues on the Alberta Exchange but most had little to show for it in terms of an increase in their share price. Among the exceptions was Nathan Minerals whi…
Northern to drill Isle Dieu prospect
Five holes representing about 3,500 ft will be drilled by Northern Mining Explorations (ME) at the junior’s Isle Dieu Twp. gold property near Matagami, Que. Second phase of the program will involve an…
Bitech expands reserves, plans new work programs
Additional significant results have been obtained from recent drill holes on Bitech Energy Resources’ (ASE) Nugget Pond property near Betts Cove, Nfld. The new results have led the company to increase…
Sikaman receives portion of securities offering
The underwritten portion of a February securities offering designed to raise $15.5 million has been completed, Sikaman Gold Resources (TSE) reports. Sikaman says it has received $6,726,000 from invest…
Montreal Exchange Aur/Louvem deal off
Fears of inflation and rising interest rates acted to put a damper on the stock exchange this week, with the market portfolio off more than 18 pts and the mining and minerals index dropping almost 50 …
Magnetic anomaly maps of Nevada
The Nevada Bureau of Mines and Geology has published two new magnetic map sets. NBMG Map 93A is a 1:750,000- scale total intensity magnetic anomaly map of Nevada, compiled from digital data, corrected…
N.B. confident in MDA negotiations (March 27, 1989)
Having negotiated the country’s first Mineral Development Agreement (MDA) with the federal government in 1984, the government of New Brunswick (now under Frank McKenna’s Liberals) is confident a secon…