Midas, Duration deal
An agreement between Duration Mines (TSE) and Midas Minerals (TSE) has been renegotiated. The deal concerns a platinum property near Marathon, Ont., which was optioned by Midas to Duration. The new de…
News
Camreco in feasibility stage at elusive Goldlund gold bet
Toronto-based Camreco Inc. (TSE) says it is taking a very conservative approach to exploration at the Goldlund property near Dryden, Ont., where production could resume later this year. The former gol…
Investment Comment Kerr Addison on recommended list
Long associated with the old gold mine at Virginiatown, Ont., which it sold last year to Golden Shield Resources (TSE), Kerr Addison Mines (TSE) has emerged on the recommended list of Toronto- based M…
Dickenson gains all of White mine
Serious about boosting its own annual production beyond the 100,000 oz level, Dickenson Mines (TSE) has acquired 100% ownership of the Arthur W. White mine near Red Lake in northwestern Ontario. In a …
Redfern to fund program on Tulsequah area project
Equipment is being mobilized for a major exploration program on Redfern Resources’ (VSE) Tulsequah area property in northwestern British Columbia. Rehabilitation of the 5,400 level and preparation of …
Mazarin search includes graphite
For the third consecutive year, Mazarin Inc. (TSE) and Fonds d’Exploration Miniere du Nouveau- Quebec are exploring in the area of Fermont in northern Quebec, where showings of kyanite, graphite and s…
Statement of defence awaited in Scintilore claims lawsuit
A statement of defence in a lawsuit launched in the Supreme Court of Ontario last year by Scintilore Explorations (TSE), dealing with the staking of mining claims at the Hemlo gold camp in northern On…
Belmoral boosts Canreos holding
Shareholders of VSE-listed Canreos Minerals (1980) approved the issuance of about 4.6 million shares to Belmoral Mines (TSE), the companies report. A debenture worth $1.45 million was converted into 2…
Editorial There was a doctor in the house
Miners and their families in Faro, Yukon, will be able to rest easier now. A month or two ago in this space we noted the difficulties remote northern communities have in attracting in-residence doct…
Fleck option deal
An agreement has been completed between Fleck Resources (VSE) and Consolidated Silver Standard Mines (VSE) which gives Fleck the option to earn a 65% interest in Silver Standard’s Smith property. Loca…
Test mill gets green light at Murgold/Chesbar prospect
Murgold Resources (TSE) President Charles McAlpine had some good news for shareholders at the company’s recent annual meeting in Toronto. He said Murgold and partner Chesbar Resources (ME) have electe…
Capital investment plans Agnico to spend $100 million
“You can’t sit still in this business. But you have to raise money to go forward.” So said Agnico-Eagle’s Paul Penna at the company’s annual meeting, citing expansion requirements that will call for s…