Renabie turnaround
Corona Corp. (TSE) and American Barrick Resources (TSE) have begun a decline into the bottom- most levels of jointly owned Renabie mine to probe for gold mineralization at depth. The decline will be d…
News
Tax credit to boost exploration research
Research in metallogeny, geochemistry, geophysics and remote sensing has just become more cost effective. The Mineral Exploration Research Institute (MERI) of Montreal has formally been recognized by …
COATS Trading Features (March 27, 1989)
Hanson Mineral Exploration has completed an amalgamation with Perch River Mines. The new company, called McNickel Inc., hopes to raise $3.5 million to explore a promising copper-nickel property near L…
Letter to the Editor Lunar Base preparations under way (March 27, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
Durga set to process Nevada mine tailings
Within the next two months, Durga Resources (ASE) of Calgary will start to process 22,000 tons of tailings material at the Boss gold mine in southern Nevada. Having already lined up heap leaching faci…
Corona buys shares in Golden Nevada
Recently acquiring a 10.4% interest in Golden Nevada Resources (VSE) was Corona Corp. (TSE). Corona said it purchased slightly more than one million shares in the junior in a private deal. Among other…
FINANCING (March 27, 1989)
ONTARIO Aurlot Expls — final rec iss offer 2,900,000 @ 85 cents per sh to net $1,392,000. Fortune Minerals — final rec iss offer 1,000,000 @ 36 cents per unit to net $324,000. VANCOUVER Amarado Res…
Minnova, HSK deal
A joint venture agreement has been signed by Minnova Inc. (TSE) and HSK Minerals (TSE) on an 86-claim gold and base metals prospect near Mine Centre, Ont. Minnova earned a 51% interest in the claims a…
Vancouver Stock Exchange Resource issues continue to slide
The use of higher interest rates to battle inflation and consequently slow economic expansion is clearly reflected here in an extremely lacklustre market for resource issues. As long as interest rates…
Agency to promote small-scale mining
The lessons learned by companies developing small mines in Canada may soon be applied to mine development elsewhere in the world. That is the aim of Small Mining International, an international agency…
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…