Assayers form joint venture
A joint venture operation has been announced by Assayers Corp. and Technical Services Laboratories. Since the beginning of the year, the joint venture has operated under the name Assayers Group. Both …
News
LETTERS TO THE EDITOR Engineers take responsibility
A recent letter published in your paper (T.N.M., 28/91) took some cheap shots at the profession of engineering. The letter “Engineers deserve a good swift boot,’ ” written by A. Chamot, not only blame…
Denison, Ont. Hydro negotiate new pricing contract for uranium
Officials from Denison Mines (TSE) and Ontario Hydro have begun crucial discussions that will almost certainly lead to a dramatic reduction in the price Hydro is paying for the company’s Elliot Lake, …
GOLD FUNDS (March 04, 1991)
BGR Central Net Value $9.00 $4.98 Price $7.88 $4.700 Discount 12.44% 5.6% Value $53,561,388 $79,074,210…
Armistice ponders rights offering
A rights offering is being considered by Armistice Resources (ME) as a means of clearing up its working capital deficit troubles, President Frank Smeenk told shareholders at the recent annual meeting….
Bacon, McLaughlin to address PDAC convention at Royal York
At the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC), Quebec Mines Minister Lise Bacon will address the audience. Also scheduled to address the convention is Au…
Champ. Bear drills
Champion Bear Resources (ASE) has completed 15 holes on its One Man Lake gold occurrence in the Kenora area of northwestern Ontario. A series of en echelon gold zones varying from 4 to 22 ft. in width…
Black Swan running in red
With two mines now in operation, Black Swan Gold Mines (VSE) is working to push results back into the black. For the nine months ended Dec. 31, the company reported a loss of $199,000 on revenues of $…
Falconbridge cuts sulphur dioxide output at Sudbury
Falconbridge, the free world’s second largest nickel producer, says it is able to meet the Ontario government’s 1994 “Countdown Acid Rain” goal three years ahead of schedule. The government’s 1994 lim…
Glencairn options Yukon gold bet
Toronto-based Glencairn Explorations (TSE) is changing its focus from diamond to gold exploration. Having recently failed to bring a Brazilian diamond project into production, Glencairn has obtained a…
Environmentalists active in Wisconsin
“It’s tough to do business down here,” says geologist Ted Dematties. “We always tell our clients that even if they do make a viable discovery, there is no guarantee they will ever get it to production…
Nor.Abitibi drilling
A diamond drilling program has started on Northern Abitibi Mining’s (ASE) Douay Twp. gold property under option to Inco (TSE) and Vior (ME) in northwestern Quebec. Equal partners Inco and Vior can ear…