Additional funding for Armeno project
Additional funding in the amount of US$1.45 million will be provided by Nissho Iwai Corp. of Japan to go toward the preproduction development costs and working capital of the San Bartolome mine projec…
News
Crude will take Eagle River to production `with or without’ Hemlo
The Eagle River gold deposit in the Mishibishu Lake area of northern Ontario will enter production “with or without” the help of 60% owner Hemlo Gold Mines (TSE), says Richard Nemis, president of Cent…
Correction (May 20, 1991)
Contrary to what was reported in The Northern Miner (May 6/91), Deak Resources director Douglas Hume recently bought 9,000 shares for 54 cents to hold 147,500.
NEWS IN BRIEF BMR Gold
BMR Gold (TSE) has hired a New York investment banking group to help in arranging a private financing worth up to $4.5 million to be spent on BMR’s Oliver Hills heap leach facility, which is nearing s…
NEWS IN BRIEF (May 20, 1991)
Storimin Exploration (ASE) said it is planning surface work, and possibly a drilling program, this summer at its recently acquired base metal property in Robertson Twp. in northeastern Ontario, adjace…
FINANCING (May 20, 1991)
Goodgold Resources Ltd. — 1,000,000 units consisting of 1 sh and 2 wts offered @ 40 cents per unit. International Impala Resources Ltd. — 650,000 non-flow through units consisting of 1 non-flow th…
Taseko retains Fish Lake deposit
Persistence appears to have paid off for Taseko Mines (VSE), a Vancouver-based junior that has been battling base metal giant Cominco (TSE) for the past six years to regain control of its Fish Lake co…
Tropicana acquires Greenwood claims
A block of claims in the historic Greenwood mining camp of southern British Columbia is about to be acquired by Tropicana Developments (VSE). The company is negotiating to acquire claims near the old …
Ottawa moves on the Arctic
A $100-million Green Plan initiative designed to protect the Canadian Arctic’s fragile environment and preserve the health of northern people has been announced by the federal government. The Arctic …
U.S. REPORT Teck exploring Oregon gold prospect
Through exploration expenditures totalling US$2 million over six years, Teck (TSE) can earn a 60% interest in the Buck epithermal gold property held by Carlin Gold (ASE) and Redfern Resources (TSE). T…
PEOPLE COASTLINE RESOURCES
Brian Mountford, William Walls and William Alderton elected directors.
PDAC Perspectives How the OGS can serve its Toronto clientele
In July, 1986, the Ministry of Northern Development and Mines (MNDM) announced its decision to relocate from Toronto to Sudbury. Industry sources immediately expressed concern as to how this would aff…