Granges, Hemlo Gold settle differences
The differces between Granges Exploration (TSE) and Hemlo Gold Mines (TSE) with respect to the 2.2 million shares of Granges recently acquired by Hemlo Gold have been resolved. Now that the dust has s…
News
Eastmain and partners spent $2.4 million on projects
Approximately $2.4 million has been spent this year on exploration by Eastmain Resources (TSE) and partners Westmin Resources (TSE) and MSV Resources (ME) on several projects in the Eastmain area of Q…
Cassiar purchase of Similkameen increases sales and profitability
Depending on whom you talk to, it was either the deal of the year or the steal of the year, although the facts would seem to support the latter. In any event, the purchase by Cassiar Mining Corp. (TS…
Chelsea Striving for Turnaround at Spotted Horse
Since the official opening of the Spotted Horse mine in central Montana a little over a year ago, Chelsea Resources (VSE) has run into more than its share of problems. The company and its partners bro…
Highland Valley Copper to close Bethlehem concentrator
Highland Valley Copper plans to shut down the Bethlehem concentrator within two months of the planned May, 1989 start-up of the relocated Highmont mills at the expanded Lornex concentrator. The compan…
Teeshin agreements
Teeshin Resources (VSE) has entered into option agreements with three vendors for claims in the Dome and Sibola Mountain areas of British Columbia. The first deal gives Teeshin the right to earn a 50%…
Kingswood bullish on Devon results
Toronto-based Kingswood Explorations (ASE) says it is planning to begin drilling Coulson Resources’ (ASE) Devon mine property east of Timmins, Ont. following a takeover bid for Coulson. Pending shareh…
Kenora Gold buys granite property
Kenora Gold Occurrences (ASE) has optioned a granite property, 50 km north of Kenora, Ont. The deposit is massive, well jointed and easily quarried, with good road access. The granite is described as …
Fairfield Expands Exploration Projects
Two new precious metal prospects were acquired in the Okanagan region of British Columbia by Fairfield Minerals (VSE). The company also has several properties in the area under option to Placer Dome (…
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Franco share price scuttles Corona deal
Toronto-based Franco-Nevada Mining (TSE) has become another victim of the market malaise that is currently affecting Canadian gold stocks. With its share price down to just below $7 on the Toronto Sto…