Tin suit fails
An attempt by Noranda (TSE) to sue the federal government over losses suffered during the collapse of the international tin cartel in 1985 has been struck down by the Supreme Court of Canada. Noranda …
News
Low silver prices subdue United Keno Hill meeting
With silver prices at their lowest level since 1977, the subdued atmosphere at United Keno Hill Mines’ (TSE) recent annual meeting in Toronto was understandable. United Keno must wait for an upswing i…
U.S. Report Queenstake acquires Nevada properties
Encouraging results from early stage exploration work have prompted Queenstake Resources (TSE) to expand a first- phase geological and geochemical program to better define drill targets on its recentl…
South American’s gold bets look promising
Exploration activity on both the Akaiwong and Aurora properties in Guyana is uncovering good gold grades for South American Goldfields (TSE). Testing a strong geophysical anomaly on the Akaiwong prope…
Spirit of glasnost evident in Canada, Russia venture
Two of Canada’s biggest mine engineering firms are entering into Mikhail Gorbachev’s new spirit of glasnost by helping to develop a silver processing plant in the eastern Soviet Union. Toronto-based W…
Sale of Black Cliff projects approved
The proposed sale of Black Cliff Mines’ (TSE) Squaw Creek and O’Donnel River placer gold properties to Menora Resources (ME) was approved recently by regulatory authorities and shareholders of Menora….
Cache drilling at Courville
More encouraging drilling results have been reported by Explorations Cache (ME) from three holes at the Courville gold property northeast of Val d’Or, Que. Cache, which is earning up to a 50% interest…
Total cancels placement with Plexus
A private placement agreement worth about $18 million between prospective companies, Total Energold (TSE) and Plexus Resources (TSE), has been cancelled. The agreement had called for Total to subscrib…
Bonanza drill results
Assay results from four recent drill holes on the past-producing Poirier base metal property near Joutel, Que., have been released by Bonanza Metals (ASE). The best result is 28 ft. grading 6.66% zinc…
Newmont selling stake in coal miner
Newmont Mining’s (NYSE) attempt to reduce its debt by selling non-core assets continued recently when the Denver company agreed to sell its 54.97% stake in Peabody Holding Co. to a U.S. subsidiary of …
Int’l Platinum arranges funding
Toronto-based International Platinum (TSE) has arranged a $500,000 convertible debenture financing with a European financial institution. The funds will be used for general corporate purposes and to f…
Letters to the Editor Belmoral on `normal course’
I am referring to two recent editions of The Northern Miner (April 2/90, April 9/90). As a shareholder of Belmoral Mines Ltd., I take a dim view of The Northern Miner’s choice of words and statements …