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…
News
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….
Drilling continues at Golden Bear
A recent drill program on the Golden Bear property in northwestern British Columbia is focused on testing for extensions of known mine reserves. The gold mine project is a joint venture between Chevro…
OMIP changes prompt flood of applications
Ontario mining companies have rushed in to take advantage of exploration grants provided under the recently amended Ontario Mineral Incentive Program (OMIP). Since the amendments took effect in Septem…
Tulsequh drilling results batter Redfern
Recent drilling results from the Tulsequah Chief project in northwestern British Columbia helped initiate a free fall in the share price of Redfern Resources (TSE). The junior has earned a 40% interes…
NEWS IN BRIEF Triangle Resources Inc.
Triangle Resources Inc. (TLI: VSE) has changed its name to Mortcorp Enterprises Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The new company has no further interest in mining…
Bema boosts reserves potential at project in Chile
Recent drilling by Bema Gold (TSE) has expanded the reserve potential of the Verde deposit, one of three known mineralized bodies on the company’s 50% owned Refugio gold property in northern Chile. Bu…