Teck options NEBEX prospect
Vancouver-based Teck (TSE) has signed an option agreement with NEBEX Resources (ASE) to earn a 51% stake in NEBEX’s 7,200-acre Brunswick Extension base metal property near Bathurst, N.B. Situated two …
News
Offshore plays draw Canadian juniors
As the 1990s unfold, many Canadian mining companies are looking beyond our borders to develop low-cost gold or base metal projects in Central and South America. One obvious benefit of this internation…
Insider Trading Mentor ups stake in Agnico-Eagle
Mentor Exploration & Development (TSE), which controls Agnico-Eagle Mines (TSE), continues to increase its stake in the Toronto-based gold producer. During the first week in February, according to the…
Holmes elected chairman of OMA
The Ontario Mining Association (OMA) recently elected Warren Holmes to serve for a 2-year term as its new chairman. Holmes is vice-president and general manager of Falconbridge Ltd.’s Kidd Creek base …
Cominco, Redfern planning more deep drilling at Tulsequah Chief
The details have yet to be finalized, but Cominco (TSE) and junior partner Redfern Resources (TSE) are planning a 1991 drilling program for the Tulsequah Chief massive sulphide project in coastal nort…
Cameco layoffs
As part of a plan to further downsize and streamline its Ontario fuel services division, Cameco is laying off 58 employees this summer at its Blind River and Port Hope operations. The downsizing will …
LETTERS TO THE EDITOR Developments show true value of junior
Several recent developments well illustrate the true value of exploration to the junior mining sector. Early in January, Queenston Mining and Strike Minerals announced the discovery of a new massive s…
Mine management course offered
For senior managers who are interested in self-development, the Coopers & Lybrand Consulting Group is holding a 3-day mining management course in Toronto next month. The course, which is geared toward…
ROM plans new earth sciences display gallery
The Royal Ontario Museum (ROM) has launched a $5-million fund-raising campaign to develop a new earth sciences gallery. Intended to replace the ROM’s old geology and mineral galleries, closed 10 years…
Omenica holdings make Major General significant landholder
In less than three years since its humble beginnings as a one property, private company, Major General Resources (VSE) is now one of the largest property owners in B.C’s promising Omineca porphyry cop…
U.S. REPORT Cyprus drilling Crypto
Preliminary drilling results have been released by Cyprus Minerals (NYSE) from the Crypto project near Salt Lake City, Utah. Cyprus is earning a 100% interest in the project from Noble Peak Resources …
Base metal, diamond plays boost Saskatchewan while gold falls
Exploration and pre-development expenditures in Saskatchewan are estimated at $45 million for 1991 compared with $57 million in 1990, and $105 million in the recent peak year of 1988. While base metal…