Armistice testing deep Kerr zone
The drilling of the first of several deep holes from the 2250 level to test the Kerr zone is under way at the Virginiatown, Ont., gold project of Armistice Resources (ME). The holes are part of a 35,0…
News
Moneta hits at Nahanni
Encouraging gold values have been assayed in a drill hole completed by Moneta Porcupine Mines (TSE) on property held under option from Nahanni Mines (TSE). The claim group straddles a section of the D…
Fortune Minerals to explore NWT claims
Three mineral properties in the Northwest Territories will be explored this summer by a new company called Fortune Minerals (COATS). The junior explorer recently completed an initial public offering a…
U.S. native group welcomes mining
In a move to develop tribal mineral resources, the Confederated Tribes of the Colville Reservation in Washington State are offering interested parties a preliminary data base of mineral inventory acti…
CEIP to host workshops
A series of workshops is being scheduled by Energy, Mines and Resources Canada to help prospectors and mining executives understand key features of the Canadian Exploration Incentive Program (CEIP). A…
Belmoral facing another trial over 1980 cave-in
The Supreme Court of Canada has upheld a decision by the Quebec Court of Appeal ordering a new trial in connection with a cave-in nine years ago at the Ferderber mine of Belmoral Mines (TSE) near Val …
Louvem in default of gold payment
Quebec gold producer Louvem Mines (TSE) reports that it is in default of a deposit of 1,440 oz gold to a reserve fund which should have been deposited with a trustee by April 1. Louvem says it will as…
Roddy acquisition
A land position comprising 105 claims near the Copperstone gold mine of Cyprus Minerals near Quartzsite, Ariz., has been acquired by Roddy Resources (TSE). President Steven Harapiak told the annual me…
Alberta Stock Exchange Trading lacklustre (May 08, 1989)
Listless trading was the order of the week as investors appeared to be digesting the contents of the recent federal budget. Baloil Lassiter lost ground, as did the other five volume leaders. Lassiter …
World uranium output up slightly in 1988
While the spot price of uranium continued its fall last year, world production of U3O8 in 1988 rose slightly to 96.8 million lb. A number of offsetting factors accounted for the increased world output…
Flagship-Power deal
Flagship Resources (COATS) has sold a 26-claim property in the Beardmore-Geraldton area of Ontario to Power Explorations (TSE). The property, situated in Irwin and McComber Twps., was sold for 200,000…
Editorial Re-defining `Accident’
Two years ago, Brunswick Mining & Smelting paid out $408,000 to its employees who missed time from work because of back-related injuries. More than 2,000 man-days were lost. Last year, that amount was…