Sullivan Mines target of St. Genevieve offer
A takeover bid has been made by St. Genevieve Resources for control of one of Quebec’s most famous and respected mining companies. The Montreal-based junior exploration company is offering $6.62 per s…
News
Franco-Nevada sale likely after Carlin gold success
A recent decision by the directors of Toronto-based Franco-Nevada Mining Corp. to transfer all of its non-producing assets to a new sister company, means that Franco-Nevada is up for sale next year. A…
Toronto Stock Exchange Gold shares continue downward correction
Although the tse composite index advanced sharply by 21.99 pts today to 3,719.11 pts, golds continued to decline losing more than 114 pts to 7,935.12. Good news however, is that gold bullion prices ar…
Muscocho reports high gold values at Magino bet
Three raises being driven from the 200-ft level in the West zone at the Magino joint venture gold project in northern Ontario are returning some high gold values, project manager Muscocho Explorations…
Fleck Resources signs Marathon property deal
Vancouver-based Fleck Resources recently agreed to participate in a number of Ireland and Canada-based joint ventures which could add to its reserves of gold and platinum. In the first of three agreem…
Greenstone, Canamax in Que. joint venture
By spending $1 million over three years, Canamax Resources can earn a 50% interest in 50 Gwillim East claims of Greenstone Resources, located near Chibougamau, Que. Greenstone President Ian Park, says…
Brookbank development remains stalled by suit
The legal wrangle which is stalling the sinking of a 1,800-ft shaft on the Brookbank property near Beardmore, Ont., is far from being resolved, Metalore Resources says. Following announcement in The N…
La Sarre meeting attracts large turnout of companies
More than 350 people from all sectors of the mining industry were recipients of red carpet treatment offered by residents of this northern Quebec community last week. The event was the second annual m…
The Walker Mineralogical Club, Canada’s oldest mineralogical club,
presented its Peacock Memorial Prize for 1986 to Michael Jones (left), an M.Sc. student at the department of earth sciences, University of Waterloo, Ont., in recognition of his work on late-stage seco…
Queries Myriad dropped mining interests
I am a long-term subscriber who depends on the stock exchange tables in The Northern Miner. I am somewhat distressed that the Vancouver Stock Exchange list in The Miner still (as of May 25) does not i…
EDITORIAL Shark bite
There could be some sort of poetic justice for the mining industry in a report that sharks are busy eating fibre-optic transmission cables at the bottom of the sea. Indeed we wonder if the industry,…
Cassiar faces decision in asbestos deposit
The decision by Cassiar Mining to either develop its McDame asbestos deposit or terminate operations completely by mid-1991 will have to be made this year. James C. O’Rourke, president, also told the …