NEWS IN BRIEF Brican Resources
Brican Resources Ltd. (BRI:VSE) has changed its name to International Brican Resources Ltd. (IBR:VSE) with a consolidation of capital of one new share for three old shares. The transfer agent is Montr…
News
Minorca cuts wide sulphide at Nicobi
Val d’Or, Que.-based Minorca Resources (VSE) has intersected a wide sulphide zone on its Nicobi Lake base metal property in Le Tac Twp., Que. Although assays are pending, the company says the zone, me…
Quebec extends tax incentives for exploration
The Quebec government has decided to extend, for another two years, special flow-through-share tax incentives related to exploration work incurred by mining companies in the province. Finance Minister…
U.S. REPORT Related juniors report exploration results
Two associated juniors, U.S. Precious Metals (NASDAQ) and Centurion Gold (NASDAQ), reported encouraging exploration results from their respective gold projects in Nevada and California. The companies…
Big Creek drilling
A 10,000-ft. drill program will begin in late May on the Nucleus-Revenue porphyry copper-gold prospect in south-central Yukon. This prospect is one of at least two porphyry targets within the 15-mile-…
Toronto Stock Exchange Shares react to fears of `double dip’
Growing concern that a “double dip” recession could force share prices below their current trading levels kept investors on the sidelines during the period ended May 7. A leading Toronto analyst, who…
Cambior boosts revenue, output
Increased revenue and gold production were reported by Cambior (TSE) for the first quarter of 1991. Revenue jumped by 33% to $36.3 million while output rose to 62,105 oz. compared with 39,582 oz. for …
Northgate mine closing in June
The Colomac gold mine will be placed on care and maintenance late next month when remaining fuel supplies finally run out, shareholders were told at Northgate Exploration’s (TSE) recent annual meeting…
South African ties could force review of HudBay bid
Manitoba Energy Minister Harold Neufeld says he welcomes Minorco’s recent offer to provide financial support for a $187-million modernization program at Hudson Bay Mining & Smelting’s (TSE) Manitoba m…
NEWS IN BRIEF Kewagama Gold
Kewagama Gold Mines (Quebec) Ltd. (KWG:ME) has changed its transfer agents to Central Guaranty Trust Co.
CIM presents annual awards
Peter Tarassoff, outgoing president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), presented awards to a number of well-known resource industry professionals during the associati…
Quarterly earnings turn down for Kerr
Reflecting the general economic slowdown of the world’s major industrial countries, the first-quarter results of Kerr Addison Mines (TSE) were off compared with the same 3-month period in 1989. Net ea…