Executive shuffle at Noranda Minerals
Keith Hendrick will step down from his position as president and chief executive officer of Noranda Minerals as part of a recently announced executive shuffle. Alex Balogh, 58, has been chosen to succ…
News
Zone 97 drilling excites VSM, Serem
Two drills are working at zone 97 of the Grevet zinc project southeast of Matagami, Que., where VSM Exploration and its project partner, French-controlled Serem Quebec, are hoping to add significantly…
Montrose drill cuts weak gold zones
A 3-hole drill program on Montrose Gold Resources’ (COATS) property near Matachewan, Ont., has intersected some weak gold mineralization. The first hole returned the highest gold values including an a…
Athabaska to purchase Chevron’s interest in Nicholas Lake project
Based on the results of a recently completed prefeasibility study at the Nicholas Lake gold project north of Yellowknife, N.W.T., Athabaska Gold Resources (TSE) plans to buy Chevron Minerals’ 40% stak…
NEWS IN BRIEF Fairbanks Gold Ltd.
Fairbanks Gold Ltd. (FX:VSE) has had a change in financial advisers to Yorkton Securities Inc.
Cazador to drill Hanson Lake anomaly
A 5-hole diamond drilling program is being planned by Cazador Explorations (VSE) for its Hanson Lake property near Burns Lake, B.C. The 30,000-acre property covers a large polymetallic soil geochemica…
Cominco reports lower profits at Pine Point during third quarter
Lower profits from Pine Point Mines and an operating loss at the Trail smelter brought about a significant drop in net earnings for Cominco (TSE) in its 1990 third quarter ended Sept. 30. Consolidated…
INCO earmarks $287 million for Thompson development
Three new shafts and three miles of haulage make up the bulk of Inco’s (TSE) recently announced $287-million investment for Thompson, Man. The three shafts, each 3,700 ft. deep, will develop the 1-D o…
Production to expand at Casa Berardi mines
Partners Inco Gold and Golden Knight Resources (TSE) are planning to expand production at the Casa Berardi West mine at the beginning of 1991, although the details of the expansion have yet to be fina…
Oil price spike benefits Denison
Recent increases in oil price brought on by the Persian Gulf crisis helped boost the earnings of Denison Mines (TSE) in the 3- month period ended Sept. 30. The company’s net earnings rose to $7.51 mil…
Stratabound gets first payoff from CNE bet
Calgary-based Stratabound Minerals (ASE) expects to bank revenues of $1-1.5 million from a recently completed bulk sample run at the Heath Steele Mines mill near Bathurst, N.B. The 12,000-ton sample, …
ASE juniors sign Nevada option
Although best known for holdings in northwestern British Columbia, Integrated Resources (ASE) and Capra Minerals (ASE) recently announced plans to acquire a 45% interest each in a Nevada gold project….