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…
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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…
Oneida gets drill results from Mexican hat project
Oneida Resources (VSE) has received encouraging results from initial exploration on its Mexican Hat property in Cochise Cty., Ariz. Of 74 surface samples taken, 36% assayed in excess of 0.01 oz gold p…
Santa Maria gets new gold property
Toronto-based Santa Maria Resources (TSE) has acquired an additional 174 claims in the Muskeg Lake area of northern Ontario. The property is located west of the town of Pickle Lake, and is underlain b…
Details still under discussion of Dumagami, Agnico merger
Dumagami Mines (TSE) was expected to announce a merger with Agnico-Eagle Mines (TSE) at Dumagami’s annual meeting, but the issue didn’t even come up until after the meeting when company representative…
Newmont adds 1.3 million oz to Carlin area gold reserves
An evaluation by Newmont Gold Company (NYSE) of drill results from 16 properties in the Carlin belt has increased its proven and probable reserves by 9% to 16.3 million oz of contained gold. These res…
Neptune secures $90 million loan
Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…
Silver King, Pacific Silver reactivating U.S. copper mine
After an 8-year shutdown, the Copper Cliffs mine and mill complex in western Idaho is being reactivated by Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASDAQ). The Utah-based companies operat…
Corona ponders legal action in fight over Dickenson
More legal trouble may be brewing over the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Corona Corp. (TSE), which is bidding against gold fund Goldcorp Inv…
Siddon Challenges Mining Industry to Achieve Land Use Harmony
Calling for an end to confrontation between conservationists and resource developers, Fisheries and Oceans Minister Tom Siddon has challenged the mining industry to help achieve a new goal of “sustain…