Mazarin subsidiary
Quebec-based junior Societe d’Exploration Miniere Mazarin (ME) is taking on a subsidiary to allow it to focus its attention on the LAC Knife graphite project near Fermont, Que. The subsidiary, Petro G…
News
Third quarter boosts Pioneer bottom line
Third-quarter earnings for Pioneer Metals (TSE) reached $355,000 or 1 cents per share for the period ended Sept 30. This reduces the company’s loss to $816,000 or 4 cents per share for the nine mont…
Montreal Exchange Mining issues shine (November 13, 1989)
Resource issues, responding to the rising price of gold, staged a recovery this past week. The mining and minerals index climbed a respectable 56 points, in contrast to the general market portfolio in…
HudBay’s profit up
Strong copper and zinc prices resulted in improved earnings for Hudson Bay Mining and Smelting, the 100%-owned company of Inspiration Resources (NYSE). For the quarter ended Sept 30, Hudson Bay earned…
Gold funds as of Nov 7
MVP BGR Central Capital Net value $11.70 $5.96 $0.52 Price $10.75 $5.62 $0.26 Discount 8.12% –5.6% 50% Value $69,681,890 100,299,963 N/A…
NovaGold reports results from New Mexico property
Assay results have been released by NovaGold Resources (TSE) from two recently completed drill holes on the Summit gold project in New Mexico. NovaGold reports that both holes intersected moderate wid…
UNB open house
The Geological Engineering Society at the University of New Brunswick (UNB) is hosting its fifth annual open house on Nov 20. The open house provides members of industry and government to become famil…
Nickel shines in Ontario; gold is Quebec’s top value
The high prices for nickel last year made the metal the largest income producer among Ontario’s minerals, the Ontario Ministry of Northern Development and Mines reports in its publication Ontario Mine…
Armistice taking on partner at Virginiatown gold bet
A new underground drilling program at the gold property belonging to Armistice Resources (ME) at Virginiatown, Ont., will be undertaken using the idle underground workings of the adjacent Kerr mine. G…
Rockblasting ceremony marks start on new research centre
A recent rock-blasting ceremony on the Laurentian University campus marked the foundation of Ontario’s new, $53-million mines and minerals research centre. Scheduled to be completed by late 1991, it w…
Trelleborg, Sherritt
Officers of Sherritt Gordon (TSE) are still trying to confirm if Swedish mining giant Trelleborg has secretly acquired up to 9% of Sherritt’s common shares on the open market, a Sherritt spokesman tol…
Esperanza revises Tillicum reserves
This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…