Correction (March 20, 1989)
NLX Resources (TSE) has not acquired control of Sandy K Mines, a private company as reported earlier (N.M., Mar 6/89). NLX holds a 24% in a silver property near Gowganda, Ont., which is controlled by …
1989
Earnings Report (March 20, 1989)
Uranium Resources (VSE) reports net earnings for the fourth quarter of $983,000(US) or 4 cents per share on revenue of $8.42 million. For the same period a year earlier the company reported a net los…
Editorial On the level for 75 years
The First World War was fuelling a boom for Canada’s mining industry in early 1915 when Ben Hughes, a mining columnist for a Cobalt newspaper, and Ernie Hand, a printer, put out the first issue of The…
Cominco Resources underground on Mexican Copper project
An underground program has started at the Maria copper project in Mexico, and assuming satisfactory mining conditions are encountered, partners Cominco Resources International (TSE) and Empresas Frisc…
Storimin/Tandem improve odds
Recent drilling has resulted in a rather dramatic improvement in the mine-making chances for the Moss Twp. joint venture gold project of Storimin Exploration (ASE) and Tandem Resources (ME), The North…
Ponask feasibility study
A feasibility study has been started by Lake Ponask Gold (TSE) on a small zinc-lead deposit in Jamaica. Known as the Hope mine, the property produced an unknown quantity of zinc and lead from 1500-186…
Placer Dome options McKenzie Break project
Mining giant Placer Dome (TSE) has signed a letter of intent with Tundra Gold Mines (VSE) to earn a 60% interest in the McKenzie Break gold properties near Val d’Or, Que. The 406-claim group is locate…
N.B. confident in MDA negotiations (March 13, 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…
Epp preparing miners for era of deficit control
Even though he was named Minister of Energy Mines and Resources in January, Jake Epp still gets calls from anxious reporters looking for answers on issues from AIDS to daycare. While, the 49-year-old …
Freewest, Yellow Band
Freewest Resources (ME) has optioned 110 claims in the Dolbeau area of Quebec to Yellow Band Resources (VSE). The claims are four miles south of a nickel discovery made near Lac St. Jean by another co…
Tightening supply of TiO 2 foreseen
The uses for titanium dioxide are numerous. It has application in paint, plastics, paper, rubber, synthetic fibres, ink, adhesives, cosmetics, pharmaceuticals, food, welding rods, catalysts, color pig…
Gamsan intersects deep sulphide zone
A recently completed deep drill hole on Gamsan Resources’ Brabant Lake property in northern Saskatchewan has intersected significant sulphide mineralization. Hole 88-11, drilled to a depth of more tha…