Netolitzky takes PDAC award
The Prospectors and Developers Association of Canada (PDAC) will honor seven members of the mining community at the annual awards banquet on Monday, March 25. Selected to receive the Bill Dennis Prosp…
News
Crown pillar caves in at Hope Brook mine
A portion of the crown pillar at Hope Brook Gold’s (TSE) underground mine on the southwest coast of Newfoundland collapsed recently, but the company reported no injuries at the site. As a result of th…
Crude ups Moss Lake reserves, 82 million tons, 0.031 oz. gold
Calculations completed by an independent consultant indicate that the Moss Lake property, 50 miles west of Thunder Bay, Ont., contains probable and possible reserves of 82.2 million tons grading 0.031…
Denison cutting 400 jobs at high-cost elliot Lake mine
Fears that Elliot Lake, Ont., will soon become a ghost town were heightened recently after Denison Mines (TSE) announced that it is laying off 400 employees this summer and reducing production at its …
Deak hits massive sulphides
rilling by Deak Resources (TSE) on the company’s Magusi base metal property in northern Quebec has cut 62 ft. of massive sulphide mineralization 325 ft. up dip from the discovery hole drilled in Febru…
Fraud charges laid in Perilya scandal
Three Australian prospectors have been charged with fraud after they persuaded Noranda (TSE) to buy a stake in a salted gold prospect near Karpa Spring in Western Australia. The three men were charged…
NEWS IN BRIEF Canadian Arrow Mines Ltd. (CGR:TSE) has changed its
The trough of a recession may not be the best time to reflect on what difficult measures are reMDNMquired to strengthen our economy, but tough times demand tough decisions. Efforts to reduce the MDSOM…
Underground at Grevet project `almost’ certain
Results from one of two studies to be released from the project of VSM Exploration (TSE) and Serem-Quebec at Grevet Twp. make underground exploration and future development almost inevitable, says VSM…
Pezim juniors await financing
Murray Pezim’s new flagship, Prime Equities (VSE), and a host of juniors under its corporate umbrella are expecting to announce details of an agreement with a major mining company for the provision of…
Placer Dome gold production tops 1.4 million oz.
Contributions from two new gold mines helped boost Placer Dome’s (TSE) share of gold production to just over 1.4 million oz. in 1990, from 1.18 million oz. produced in 1989 (net of minority interests)…
Rea Gold bids for QPX
A formal offer will be mailed shortly to Canadian shareholders of QPX Minerals (TSE) providing more details of a recent offer by Rea Gold (TSE) to acquire all their QPX shares in exchange for common s…
Juniors follow Freewest Res. into Benoit Twp. gold
Shares of at least 10 junior companies with claims in the Benoit Twp. area of northern Quebec have posted gains since Freewest Resources (TSE) reported an intersection of 162.5 ft. grading 0.15 oz. go…