Kidd Creek find a textbook case
“The best place to look for a new mine is near one,” is a tried and true exiom of the business. And by the same token, new ore deposits are frequently discovered close by known ones. Indeed the histor…
News
Norex seeking more partners
Noranda Exploration (Norex) plans to spend $75-80 million this year for grassroots exploration in North America says President John Harvey. Noranda Exploration conducts mineral exploration on behalf o…
TGA, tightens hold on Parlake Resources
TGA Management, a private company that owns a controlling 19.5% stake in Parlake Resources (TSE), is preparing to tighten its hold on the Toronto-based junior exploration company. Under an agreement w…
Audrey considers alternate mining proposal for Mobrun
Still waiting for Minnova’s (TSE) response to feasibility results on the Mobrun polymetallic mine, Audrey Resources (TSE) is considering an alternate mining proposal which would limit the operation to…
Ontario Unlisted Strike drilling
Queenston and Strike Minerals have signed a formal joint venture agreement on the Robertson Twp. base metal property near Matachewan, Ont., giving Strike a 40% interest in the project. The partners ar…
Investors lose enthusiasm for precious metal silver
For the third time in as many years, the annual average New York (Handy & Harman) price for silver in 1990, at US$4.82 per oz., was lower than for the previous year, the Silver Users Association of Wa…
Weak results from Springer gold bet
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
Noranda moves 5 rigs on to Lynne in rush to complete winter
Noranda Exploration, a unit of Noranda (TSE), has moved five rigs on to the Lynne property, about one hour’s drive from this tourist town, in an attempt to delineate the deposit before spring breakup….
SOQUEM options Canspar property
SOQUEM, the Quebec government’s mineral exploration company, has acquired the right to earn a 50% interest in Canspar Resources’ (ME) Portage du Fort dolomite property north of Hull, Que. The 14-claim…
Writeoffs deepen Total Energold loss
A writedown of $20.5 million helped push Total Energold (TSE) further into the red for the year ended Dec. 31. Total Energold recorded a loss of $28.1 million for the year on revenues of $46.9 million…
Cameco drops Marlin option
After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…
TVX Gold probes potential of Casa Berardi claim group
In a bid to boost its North American gold reserves,MDBO TVX Gold (TSE) is continuing an aggressive exploration program this year on its large Casa Berardi claim group in northwestern Quebec. The searc…